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XRPN

Armada Acquisition Corp II
XRPN

64 hedge funds and large institutions have $271M invested in Armada Acquisition Corp II in 2025 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 10 increasing their positions, 12 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

229% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 7

31% more funds holding

Funds holding: 49 → 64 (+15)

30% more capital invested

Capital invested by funds: $208M → $271M (+$62M)

5.02% more ownership

Funds ownership: 106.4% → 111.42% (+5%)

17% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 12

Holders
64
Holders Change
+15
Holders Change %
+30.61%
% of All Funds
0.78%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.02%
New
23
Increased
10
Reduced
12
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MC
Meteora Capital
Florida
+$12.3M
2
TCM
Tenor Capital Management
New York
+$7.04M
3
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
+$2.89M
4
CS
Clear Street
New York
+$2.7M
5
SC
Sculptor Capital
New York
+$2.57M

Top Sellers

Rank Fund Capital Flow
1
HCI
Harraden Circle Investments
New York
-$13.1M
2
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
-$7.31M
3
WC
Wealthspring Capital
New York
-$5.08M
4
Hudson Bay Capital Management
Hudson Bay Capital Management
Connecticut
-$4.11M
5
Verition Fund Management
Verition Fund Management
Connecticut
-$2.29M
Name Holding Trade Value Shares
Change 		Change in
Stake
GCL
26
Glazer Capital LLC
New York
$2.1M -$462K -44,988 -18%
PC
27
Periscope Capital
Ontario, Canada
$2.05M -$1.03M -100,000 -33%
SCM
28
Shaolin Capital Management
Florida
$2.05M -$1.03M -100,000 -33%
MCM
29
Moore Capital Management
New York
$2.05M – – –
PMAM
30
Picton Mahoney Asset Management
Ontario, Canada
$2.05M – – –
WA
31
Whitebox Advisors
Minnesota
$2.05M – – –
COPPSERS
32
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$2.05M +$2.05M +200,000 New
DAM
33
DLD Asset Management
New York
$2.04M +$2.05M +199,130 New
HCM
34
Heights Capital Management
California
$1.96M – – –
CCC
35
Cable Car Capital
California
$1.54M – – –
UOC
36
UBS O'Connor
Illinois
$1.54M – – –
Walleye Capital
37
Walleye Capital
New York
$1.54M +$1.54M +150,000 New
Citadel Advisors
38
Citadel Advisors
Florida
$1.52M -$464K -45,226 -23%
QL
39
Quarry LP
New York
$1.51M +$1.51M +147,423 New
BFM
40
Boothbay Fund Management
New York
$1.15M +$659K +64,185 +134%
WAM
41
Wolverine Asset Management
Illinois
$1.06M -$573K -55,752 -35%
BI
42
Bulldog Investors
New Jersey
$1.02M – – –
Citigroup
43
Citigroup
New York
$1.02M +$1.03M +100,000 New
Commonwealth Equity Services
44
Commonwealth Equity Services
Massachusetts
$849K +$852K +82,910 New
SCM
45
Steadfast Capital Management
New York
$819K – – –
Cambridge Investment Research Advisors
46
Cambridge Investment Research Advisors
Iowa
$769K +$772K +75,131 New
CL
47
CSS LLC
Illinois
$717K – – –
DC
48
Diametric Capital
Massachusetts
$599K +$601K +58,498 New
Morgan Stanley
49
Morgan Stanley
New York
$518K +$519K +50,506 +74,274%
SSA
50
Schonfeld Strategic Advisors
New York
$513K +$283K +27,569 +123%
1
2
3

XRPN Hedge Fund Activity: Q4 2025 in Review

64 of the 8,238 institutional investors tracked by Wall St. Rank reported a position in Armada Acquisition Corp II (XRPN) for Q4 2025, worth a combined $271M — up 30% from $208M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new XRPN positions and 7 closed out — a net gain of 16 holders — while 10 added to existing stakes and 12 trimmed.

The largest buyer was Meteora Capital, adding an estimated $12.3M. The largest seller was Harraden Circle Investments, exiting entirely with an estimated $13.1M sold.

  • 64 institutional investors held Armada Acquisition Corp II (XRPN) as of Q4 2025, up from 49 in Q3 2025.
  • Funds reported $271M of Armada Acquisition Corp II stock for Q4 2025, up 30% quarter-over-quarter.
  • 23 funds opened new Armada Acquisition Corp II positions in Q4 2025 and 7 closed out, a net change of +16 holders.
  • The largest Armada Acquisition Corp II buyer in Q4 2025 was Meteora Capital, an estimated $12.3M added.
  • The largest Armada Acquisition Corp II seller in Q4 2025 was Harraden Circle Investments, an estimated $13.1M sold.

Based on aggregated 13F filings for Q4 2025.