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.
229% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 7
34.25% more ownership
Funds ownership: 106.4% → 140.65% (+34%)
31% more funds holding
Funds holding: 49 → 64 (+15)
30% more capital invested
Capital invested by funds: $208M → $271M (+$62M)
17% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Meteora Capital
Boca Raton,
Florida
|
+$12.3M |
| 2 |
TCM
Tenor Capital Management
New York
|
+$7.04M |
| 3 |
Toronto Dominion Bank
Toronto, Ontario,
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
Toronto,
Ontario, Canada
|
-$7.31M |
| 3 |
WC
Wealthspring Capital
West Harrison,
New York
|
-$5.08M |
| 4 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$4.11M |
| 5 |
Verition Fund Management
Greenwich,
Connecticut
|
-$2.29M |
XRPN Hedge Fund Activity: Q4 2025 in Review
64 of the 8,281 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.