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.
5 hedge funds and large institutions have $1.54M invested in Rigel Resource Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-half of one redeemable warrant in 2023 Q1 according to their latest regulatory filings, with 1 funds opening new positions, increasing their positions, reducing their positions, and 3 closing their positions.
29% less funds holding
Funds holding: 7 → 5 (-2)
34% less capital invested
Capital invested by funds: $2.32M → $1.54M (-$779K)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Clear Street
New York
|
+$27.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCA
Castle Creek Arbitrage
Avon,
Colorado
|
-$516K |
| 2 |
SSA
Schonfeld Strategic Advisors
New York
|
-$270K |
| 3 |
TAM
Terrapin Asset Management
Miami,
Florida
|
-$51.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BCL
1
Bracebridge Capital LLC
Boston,
Massachusetts
| $527K | – | – | – |
|
|
HF
2
HRT Financial
New York
| $526K | – | – | – |
|
3
Walleye Capital
New York
| $272K | – | – | – |
|
4
Walleye Trading
New York
| $190K | – | – | – |
|
|
CS
5
Clear Street
New York
| $27.9K | +$27.7K | +2,651 | New |
|
|
CCA
6
Castle Creek Arbitrage
Avon,
Colorado
| – | -$516K | -50,000 | Closed |
|
|
SSA
7
Schonfeld Strategic Advisors
New York
| – | -$270K | -25,000 | Closed |
|
|
TAM
8
Terrapin Asset Management
Miami,
Florida
| – | -$51.6K | -5,000 | Closed |
|
RRAC.U Hedge Fund Activity: Q1 2023 in Review
5 of the 6,277 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 Q1 2023, worth a combined $1.54M — down 34% from $2.32M 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 buyer was Clear Street, opening a new position worth an estimated $27.7K. The largest seller was Castle Creek Arbitrage, exiting entirely with an estimated $516K sold.
- 5 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 Q1 2023, down from 7 in Q4 2022.
- Funds reported $1.54M of Rigel Resource Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-half of one redeemable warrant stock for Q1 2023, down 34% 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 Q1 2023 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 buyer in Q1 2023 was Clear Street, an estimated $27.7K added.
- The largest Rigel Resource Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-half of one redeemable warrant seller in Q1 2023 was Castle Creek Arbitrage, an estimated $516K sold.
Based on aggregated 13F filings for Q1 2023.