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.
7 hedge funds and large institutions have $2.32M invested in Rigel Resource Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-half of one redeemable warrant in 2022 Q4 according to their latest regulatory filings, with 1 funds opening new positions, increasing their positions, 0 reducing their positions, and 3 closing their positions.
22% less funds holding
Funds holding: 9 → 7 (-2)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
90% less capital invested
Capital invested by funds: $24.2M → $2.32M (-$21.8M)
Top Buyers
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Calamos Advisors
Naperville,
Illinois
|
-$20.4M |
| 2 |
LP
LMR Partners
London,
United Kingdom
|
-$1.53M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BCL
1
Bracebridge Capital LLC
Boston,
Massachusetts
| $516K | – | – | – |
|
|
CCA
2
Castle Creek Arbitrage
Avon,
Colorado
| $516K | – | – | – |
|
|
HF
3
HRT Financial
New York
| $515K | – | – | – |
|
|
SSA
4
Schonfeld Strategic Advisors
New York
| $270K | – | – | – |
|
5
Walleye Capital
New York
| $266K | – | – | – |
|
6
Walleye Trading
New York
| $186K | – | – | – |
|
|
TAM
7
Terrapin Asset Management
Miami,
Florida
| $51.6K | +$51K | +5,000 | New |
|
|
8
Calamos Advisors
Naperville,
Illinois
| – | -$20.4M | -2,000,000 | Closed |
|
|
LP
9
LMR Partners
London,
United Kingdom
| – | -$1.53M | -150,000 | Closed |
|
RRAC.U Hedge Fund Activity: Q4 2022 in Review
7 of the 6,223 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 Q4 2022, worth a combined $2.32M — down 90% from $24.2M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of RRAC.U and 1 opened new positions — a net loss of 2 holders — while 0 trimmed existing stakes and 0 added.
The largest seller was Calamos Advisors, exiting entirely with an estimated $20.4M sold.
- 7 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 Q4 2022, down from 9 in Q3 2022.
- Funds reported $2.32M of Rigel Resource Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-half of one redeemable warrant stock for Q4 2022, down 90% quarter-over-quarter.
- 1 fund opened new Rigel Resource Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-half of one redeemable warrant positions in Q4 2022 and 3 closed out, a net change of -2 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 Q4 2022 was Calamos Advisors, an estimated $20.4M sold.
Based on aggregated 13F filings for Q4 2022.