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XRPN

Armada Acquisition Corp II
XRPN

64 hedge funds and large institutions have $265M invested in Armada Acquisition Corp II in 2026 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 11 increasing their positions, 15 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 9

0% more funds holding

Funds holding: 64 → 64 (0)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

2% less capital invested

Capital invested by funds: $271M → $265M (-$5.77M)

3.1% less ownership

Funds ownership: 111.42% → 108.32% (-3.1%)

27% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 15

Holders
64
Holders Change
–
Holders Change %
0%
% of All Funds
0.79%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
11
Increased
11
Reduced
15
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WRBC
W.R. Berkley Corp
Connecticut
+$7M
2
WAM
Wolverine Asset Management
Illinois
+$4.83M
3
MSU
Mizuho Securities USA
New York
+$4.71M
4
HCM
Highbridge Capital Management
New York
+$2.82M
5
Verition Fund Management
Verition Fund Management
Connecticut
+$2.26M

Top Sellers

Rank Fund Capital Flow
1
MC
Meteora Capital
Florida
-$7.12M
2
Two Sigma Investments
Two Sigma Investments
New York
-$6.81M
3
RCM
Rivernorth Capital Management
Florida
-$5.18M
4
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
-$3.59M
5
KIM
Karpus Investment Management
New York
-$2.96M
Name Holding Trade Value Shares
Change 		Change in
Stake
Verition Fund Management
26
Verition Fund Management
Connecticut
$2.27M +$2.26M +220,513 New
GCL
27
Glazer Capital LLC
New York
$2.07M -$42.7K -4,160 -2%
MCM
28
Moore Capital Management
New York
$2.06M – – –
PMAM
29
Picton Mahoney Asset Management
Ontario, Canada
$2.06M – – –
SCM
30
Shaolin Capital Management
Florida
$2.06M – – –
WA
31
Whitebox Advisors
Minnesota
$2.06M – – –
DAM
32
DLD Asset Management
New York
$2.05M – – –
HCM
33
Heights Capital Management
California
$1.97M – – –
Commonwealth Equity Services
34
Commonwealth Equity Services
Massachusetts
$1.82M +$961K +93,528 +113%
CCC
35
Cable Car Capital
California
$1.55M – – –
OCAI
36
O'Connor Alternative Investments
New York
$1.55M +$1.54M +150,000 New
Walleye Capital
37
Walleye Capital
New York
$1.44M -$103K -10,000 -7%
Hudson Bay Capital Management
38
Hudson Bay Capital Management
Connecticut
$1.31M -$886K -86,251 -40%
CS
39
Clear Street
New York
$1.3M -$1.7M -165,198 -57%
PC
40
Periscope Capital
Ontario, Canada
$1.29M -$770K -75,000 -38%
Citigroup
41
Citigroup
New York
$1.03M – – –
Cambridge Investment Research Advisors
42
Cambridge Investment Research Advisors
Iowa
$993K +$217K +21,145 +28%
BFM
43
Boothbay Fund Management
New York
$991K -$166K -16,152 -14%
CL
44
CSS LLC
Illinois
$722K – – –
DC
45
Diametric Capital
Massachusetts
$593K -$10.3K -999 -2%
Morgan Stanley
46
Morgan Stanley
New York
$521K -$134 -13 -0%
Citadel Advisors
47
Citadel Advisors
Florida
$509K -$1.02M -99,289 -67%
HF
48
HRT Financial
New York
$433K +$319K +31,069 +283%
BNP Paribas Financial Markets
49
BNP Paribas Financial Markets
France
$418K +$416K +40,503 New
JP Morgan Chase
50
JP Morgan Chase
New York
$262K -$251K -24,442 -49%
1
2
3

XRPN Hedge Fund Activity: Q1 2026 in Review

64 of the 8,132 institutional investors tracked by Wall St. Rank reported a position in Armada Acquisition Corp II (XRPN) for Q1 2026, worth a combined $265M — down 2.1% from $271M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new XRPN positions and 9 closed out — a net gain of 2 holders — while 11 added to existing stakes and 15 trimmed.

The largest buyer was W.R. Berkley Corp, adding an estimated $7M. The largest seller was Meteora Capital, cutting an estimated $7.12M.

  • 64 institutional investors held Armada Acquisition Corp II (XRPN) as of Q1 2026, unchanged from Q4 2025.
  • Funds reported $265M of Armada Acquisition Corp II stock for Q1 2026, down 2.1% quarter-over-quarter.
  • 11 funds opened new Armada Acquisition Corp II positions in Q1 2026 and 9 closed out, a net change of +2 holders.
  • The largest Armada Acquisition Corp II buyer in Q1 2026 was W.R. Berkley Corp, an estimated $7M added.
  • The largest Armada Acquisition Corp II seller in Q1 2026 was Meteora Capital, an estimated $7.12M sold.

Based on aggregated 13F filings for Q1 2026.