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.
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)
27% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 15
32.33% less ownership
Funds ownership: 140.65% → 108.32% (-32%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
+$7M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
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
Greenwich,
Connecticut
|
+$2.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Meteora Capital
Boca Raton,
Florida
|
-$7.12M |
| 2 |
Two Sigma Investments
New York
|
-$6.81M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.18M |
| 4 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$3.59M |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.96M |
XRPN Hedge Fund Activity: Q1 2026 in Review
64 of the 8,201 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.