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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Meteora Capital
Boca Raton,
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
Greenwich,
Connecticut
|
+$11.3M |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$5.58M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$8.16M |
| 2 |
MSU
Mizuho Securities USA
New York
|
-$5.52M |
| 3 |
Verition Fund Management
Greenwich,
Connecticut
|
-$4.67M |
| 4 |
GCL
Glazer Capital LLC
New York
|
-$3.98M |
| 5 |
SCM
Shaolin Capital Management
Miami,
Florida
|
-$2.55M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAM
51
Weiss Asset Management
Boston,
Massachusetts
| – | -$1.5M | -150,000 | Closed |
|
52
Walleye Capital
New York
| – | -$1.25M | -125,000 | Closed |
|
|
HCM
53
Highbridge Capital Management
New York
| – | -$506K | -50,400 | Closed |
|
|
SG
54
StoneX Group
New York
| – | -$503K | -50,000 | Closed |
|
|
VF
55
Virtu Financial
New York
| – | -$461K | -45,938 | Closed |
|
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.