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XRPNU

Armada Acquisition Corp II Units
XRPNU

31 hedge funds and large institutions have $96.9M invested in Armada Acquisition Corp II Units in 2025 Q2 according to their latest regulatory filings, with 31 funds opening new positions, increasing their positions, reducing their positions, and closing their positions.

New
Increased
Maintained
Reduced
Closed

46.02% more ownership

Funds ownership: 0% → 46.02% (+46%)

Holders
31
Holders Change
+31
Holders Change %
–
% of All Funds
0.41%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
31
Increased
–
Reduced
–
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
TCM
Tenor Capital Management
New York
+$15.1M
2
AA
AQR Arbitrage
Connecticut
+$15.1M
3
WCMNY
Westchester Capital Management (New York)
New York
+$8.58M
4
WC
Wealthspring Capital
New York
+$5.89M
5
RCM
Rivernorth Capital Management
Florida
+$5.11M

Top Sellers

No sellers this quarter
Name Holding Trade Value Shares
Change 		Change in
Stake
TCM
1
Tenor Capital Management
New York
$15.3M +$15.1M +1,500,000 New
AA
2
AQR Arbitrage
Connecticut
$15.3M +$15.1M +1,499,633 New
WCMNY
3
Westchester Capital Management (New York)
New York
$8.65M +$8.58M +850,000 New
WC
4
Wealthspring Capital
New York
$5.95M +$5.89M +582,880 New
RCM
5
Rivernorth Capital Management
Florida
$5.17M +$5.11M +506,461 New
CS
6
Clear Street
New York
$4.91M +$4.86M +481,038 New
Millennium Management
7
Millennium Management
New York
$4.59M +$4.54M +450,000 New
KIM
8
Karpus Investment Management
New York
$3.06M +$3.03M +300,000 New
MTCM
9
Mint Tower Capital Management
Netherlands
$2.55M +$2.52M +250,000 New
HIM
10
HGC Investment Management
Ontario, Canada
$2.55M +$2.52M +250,000 New
CC
11
Centiva Capital
New York
$2.54M +$2.52M +250,000 New
Parallax Volatility Advisers
12
Parallax Volatility Advisers
California
$2.44M +$2.42M +239,448 New
PMAM
13
Picton Mahoney Asset Management
Ontario, Canada
$2.04M +$2.02M +200,000 New
DAM
14
DLD Asset Management
New York
$2.04M +$2.02M +200,000 New
WA
15
Whitebox Advisors
Minnesota
$2.04M +$2.02M +200,000 New
HCM
16
Heights Capital Management
California
$2.04M +$2.02M +200,000 New
MCM
17
Moore Capital Management
New York
$2.04M +$2.02M +200,000 New
Citadel Advisors
18
Citadel Advisors
Florida
$1.95M +$1.93M +191,563 New
VF
19
Virtu Financial
New York
$1.65M +$1.64M +162,039 New
CCC
20
Cable Car Capital
California
$1.53M +$1.51M +150,000 New
Walleye Capital
21
Walleye Capital
New York
$1.53M +$1.51M +150,000 New
CA
22
Crossingbridge Advisors
New York
$1.49M +$1.48M +146,325 New
SSA
23
Schonfeld Strategic Advisors
New York
$1.36M +$1.34M +132,793 New
BI
24
Bulldog Investors
New Jersey
$1.02M +$1.01M +100,000 New
QL
25
Quarry LP
New York
$1.02M +$1.01M +100,000 New
1
2

XRPNU Hedge Fund Activity: Q2 2025 in Review

31 of the 7,604 institutional investors tracked by Wall St. Rank reported a position in Armada Acquisition Corp II Units (XRPNU) for Q2 2025, worth a combined $96.9M.

Buyers outnumbered sellers: 31 funds opened new XRPNU positions and 0 closed out — a net gain of 31 holders — while 0 added to existing stakes and 0 trimmed.

The largest buyer was Tenor Capital Management, opening a new position worth an estimated $15.1M.

  • 31 institutional investors held Armada Acquisition Corp II Units (XRPNU) as of Q2 2025, up from 0 in Q1 2025.
  • Funds reported $96.9M of Armada Acquisition Corp II Units stock for Q2 2025.
  • 31 funds opened new Armada Acquisition Corp II Units positions in Q2 2025 and 0 closed out, a net change of +31 holders.
  • The largest Armada Acquisition Corp II Units buyer in Q2 2025 was Tenor Capital Management, an estimated $15.1M added.

Based on aggregated 13F filings for Q2 2025.