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RRAC.U

Rigel Resource Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-half of one redeemable warrant
RRAC.U

Delisted

RRAC.U was delisted on the 13th of September, 2024.

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3 hedge funds and large institutions have $11.5M invested in Rigel Resource Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-half of one redeemable warrant in 2023 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 1 increasing their positions, 0 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,043% more capital invested

Capital invested by funds: $1.01M → $11.5M (+$10.5M)

25% less funds holding

Funds holding: 4 → 3 (-1)

33% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 3

Holders
3
Holders Change
-1
Holders Change %
-25%
% of All Funds
0.05%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
2
Increased
1
Reduced
–
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
DI
DUMAC Inc
North Carolina
+$10.9M
2
VF
Virtu Financial
New York
+$109K
3
CS
Clear Street
New York
+$1.63K

Top Sellers

Rank Fund Capital Flow
1
BCL
Bracebridge Capital LLC
Massachusetts
-$537K
2
Walleye Capital
Walleye Capital
New York
-$277K
3
Walleye Trading
Walleye Trading
New York
-$193K
Name Holding Trade Value Shares
Change 		Change in
Stake
DI
1
DUMAC Inc
North Carolina
$11.4M +$10.9M +1,000,000 New
VF
2
Virtu Financial
New York
$112K +$109K +10,050 New
CS
3
Clear Street
New York
$3.9K +$1.63K +150 +75%
BCL
4
Bracebridge Capital LLC
Massachusetts
– -$537K -50,000 Closed
Walleye Capital
5
Walleye Capital
New York
– -$277K -25,803 Closed
Walleye Trading
6
Walleye Trading
New York
– -$193K -18,000 Closed

RRAC.U Hedge Fund Activity: Q3 2023 in Review

3 of the 6,303 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 2023, worth a combined $11.5M — up 1,043% from $1.01M a quarter earlier.

Sellers outnumbered buyers: 3 funds closed out of RRAC.U and 2 opened new positions — a net loss of 1 holder — while 0 trimmed existing stakes and 1 added.

The largest buyer was DUMAC Inc, opening a new position worth an estimated $10.9M. The largest seller was Bracebridge Capital LLC, exiting entirely with an estimated $537K sold.

  • 3 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 2023, down from 4 in Q2 2023.
  • Funds reported $11.5M of Rigel Resource Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-half of one redeemable warrant stock for Q3 2023, up 1,043% quarter-over-quarter.
  • 2 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 2023 and 3 closed out, a net change of -1 holder.
  • The largest Rigel Resource Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-half of one redeemable warrant buyer in Q3 2023 was DUMAC Inc, an estimated $10.9M 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 Q3 2023 was Bracebridge Capital LLC, an estimated $537K sold.

Based on aggregated 13F filings for Q3 2023.