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XRPN

Armada Acquisition Corp II
XRPN

49 hedge funds and large institutions have $208M invested in Armada Acquisition Corp II in 2025 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 6 increasing their positions, 11 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

267% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 6

62% more capital invested

Capital invested by funds: $129M → $208M (+$79.9M)

50.68% more ownership

Funds ownership: 55.72% → 106.4% (+51%)

48% more funds holding

Funds holding: 33 → 49 (+16)

45% less repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 11

Holders
49
Holders Change
+16
Holders Change %
+48.48%
% of All Funds
0.64%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
22
Increased
6
Reduced
11
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MC
Meteora Capital
Florida
+$18.2M
2
TCM
Tenor Capital Management
New York
+$15.3M
3
HCI
Harraden Circle Investments
New York
+$12.8M
4
AA
AQR Arbitrage
Connecticut
+$11.3M
5
KIM
Karpus Investment Management
New York
+$5.58M

Top Sellers

Rank Fund Capital Flow
1
WAM
Wolverine Asset Management
Illinois
-$8.16M
2
MSU
Mizuho Securities USA
New York
-$5.52M
3
Verition Fund Management
Verition Fund Management
Connecticut
-$4.67M
4
GCL
Glazer Capital LLC
New York
-$3.98M
5
SCM
Shaolin Capital Management
Florida
-$2.55M
Name Holding Trade Value Shares
Change 		Change in
Stake
GCL
26
Glazer Capital LLC
New York
$2.61M -$3.98M -390,092 -61%
MTCM
27
Mint Tower Capital Management
Netherlands
$2.61M +$2.55M +250,000 New
JP Morgan Chase
28
JP Morgan Chase
New York
$2.5M +$2.45M +239,840 New
Verition Fund Management
29
Verition Fund Management
Connecticut
$2.29M -$4.67M -458,443 -68%
PMAM
30
Picton Mahoney Asset Management
Ontario, Canada
$2.09M +$2.04M +200,000 New
MCM
31
Moore Capital Management
New York
$2.09M +$2.04M +200,000 New
WA
32
Whitebox Advisors
Minnesota
$2.09M +$2.04M +200,000 New
Citadel Advisors
33
Citadel Advisors
Florida
$2.02M +$1.98M +193,908 New
HCM
34
Heights Capital Management
California
$2M +$1.95M +191,267 New
MSU
35
Mizuho Securities USA
New York
$1.77M -$5.52M -541,691 -76%
WAM
36
Wolverine Asset Management
Illinois
$1.66M -$8.16M -800,780 -83%
UOC
37
UBS O'Connor
Illinois
$1.57M -$510K -50,000 -25%
DCM
38
Driehaus Capital Management
Illinois
$1.57M – – –
CCC
39
Cable Car Capital
California
$1.57M +$1.53M +150,000 New
BI
40
Bulldog Investors
New Jersey
$1.04M +$1.02M +100,000 New
SCM
41
Steadfast Capital Management
New York
$835K +$816K +80,000 New
CL
42
CSS LLC
Illinois
$731K -$510K -50,000 -42%
BFM
43
Boothbay Fund Management
New York
$502K -$886K -86,923 -64%
ASM
44
ATW SPAC Management
New York
$496K -$892K -87,500 -65%
CF
45
Cantor Fitzgerald
New York
$296K +$289K +28,364 New
CS
46
Clear Street
New York
$295K +$237K +23,262 +465%
SSA
47
Schonfeld Strategic Advisors
New York
$235K +$229K +22,500 New
Geode Capital Management
48
Geode Capital Management
Massachusetts
$158K +$154K +15,116 New
Morgan Stanley
49
Morgan Stanley
New York
$710 +$153 +15 +28%
MP
50
Mangrove Partners
Connecticut
– -$1.87M -185,700 Closed
1
2
3

XRPN Hedge Fund Activity: Q3 2025 in Review

49 of the 7,625 institutional investors tracked by Wall St. Rank reported a position in Armada Acquisition Corp II (XRPN) for Q3 2025, worth a combined $208M — up 62% from $129M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new XRPN positions and 6 closed out — a net gain of 16 holders — while 6 added to existing stakes and 11 trimmed.

The largest buyer was Meteora Capital, opening a new position worth an estimated $18.2M. The largest seller was Wolverine Asset Management, cutting an estimated $8.16M.

  • 49 institutional investors held Armada Acquisition Corp II (XRPN) as of Q3 2025, up from 33 in Q2 2025.
  • Funds reported $208M of Armada Acquisition Corp II stock for Q3 2025, up 62% quarter-over-quarter.
  • 22 funds opened new Armada Acquisition Corp II positions in Q3 2025 and 6 closed out, a net change of +16 holders.
  • The largest Armada Acquisition Corp II buyer in Q3 2025 was Meteora Capital, an estimated $18.2M added.
  • The largest Armada Acquisition Corp II seller in Q3 2025 was Wolverine Asset Management, an estimated $8.16M sold.

Based on aggregated 13F filings for Q3 2025.