Rigel Resource Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-half of one redeemable warrant
RRAC.U
RRAC.U was delisted on the 13th of September, 2024.
9 hedge funds and large institutions have $24.2M invested in Rigel Resource Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-half of one redeemable warrant in 2022 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 0 increasing their positions, 1 reducing their positions, and 5 closing their positions.
36% less funds holding
Funds holding: 14 → 9 (-5)
38% less capital invested
Capital invested by funds: $38.9M → $24.2M (-$14.8M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 5
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 1
Top Buyers
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DI
DUMAC Inc
Durham,
North Carolina
|
-$10M |
| 2 |
ACM
Atalaya Capital Management
New York
|
-$3.51M |
| 3 |
SFM
Spartan Fund Management
Toronto, Ontario,
Canada
|
-$1.5M |
| 4 |
SSA
Schonfeld Strategic Advisors
New York
|
-$80K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$16K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
1
Calamos Advisors
Naperville,
Illinois
| $20.4M | – | – | – |
|
|
LP
2
LMR Partners
London,
United Kingdom
| $1.53M | – | – | – |
|
|
BCL
3
Bracebridge Capital LLC
Boston,
Massachusetts
| $510K | – | – | – |
|
|
CCA
4
Castle Creek Arbitrage
Avon,
Colorado
| $510K | – | – | – |
|
|
HF
5
HRT Financial
New York
| $509K | – | – | – |
|
6
Walleye Capital
New York
| $263K | – | – | – |
|
|
SSA
7
Schonfeld Strategic Advisors
New York
| $255K | -$80K | -7,870 | -24% |
|
8
Walleye Trading
New York
| $184K | – | – | – |
|
|
DI
9
DUMAC Inc
Durham,
North Carolina
| – | -$10M | -1,000,000 | Closed |
|
|
MF
10
Magnetar Financial
Evanston,
Illinois
| – | -$4.33K | -432,100 | Closed |
|
|
ACM
11
Atalaya Capital Management
New York
| – | -$3.51M | -350,000 | Closed |
|
|
SFM
12
Spartan Fund Management
Toronto, Ontario,
Canada
| – | -$1.5M | -150,000 | Closed |
|
|
WAM
13
Wolverine Asset Management
Chicago,
Illinois
| – | -$16K | -1,651 | Closed |
|
RRAC.U Hedge Fund Activity: Q3 2022 in Review
9 of the 5,806 institutional investors tracked by Wall St. Rank reported a position in Rigel Resource Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-half of one redeemable warrant (RRAC.U) for Q3 2022, worth a combined $24.2M — down 38% from $38.9M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of RRAC.U and 0 opened new positions — a net loss of 5 holders — while 1 trimmed existing stakes and 0 added.
The largest seller was DUMAC Inc, exiting entirely with an estimated $10M sold.
- 9 institutional investors held Rigel Resource Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-half of one redeemable warrant (RRAC.U) as of Q3 2022, down from 14 in Q2 2022.
- Funds reported $24.2M of Rigel Resource Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-half of one redeemable warrant stock for Q3 2022, down 38% quarter-over-quarter.
- 0 funds opened new Rigel Resource Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-half of one redeemable warrant positions in Q3 2022 and 5 closed out, a net change of -5 holders.
- The largest Rigel Resource Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-half of one redeemable warrant seller in Q3 2022 was DUMAC Inc, an estimated $10M sold.
Based on aggregated 13F filings for Q3 2022.