Armada Acquisition Corp II Units
XRPNU
5 hedge funds and large institutions have $4.32M invested in Armada Acquisition Corp II Units in 2025 Q4 according to their latest regulatory filings, with 0 funds opening new positions, increasing their positions, 4 reducing their positions, and 4 closing their positions.
5.16% less ownership
Funds ownership: 7.12% → 1.97% (-5.2%)
44% less funds holding
Funds holding: 9 → 5 (-4)
72% less capital invested
Capital invested by funds: $15.5M → $4.32M (-$11.1M)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 4
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 4
Top Buyers
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$5.72M |
| 2 |
CS
Clear Street
New York
|
-$3.17M |
| 3 |
Walleye Capital
New York
|
-$1.63M |
| 4 |
QL
Quarry LP
New York
|
-$799K |
| 5 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$10.3K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KIM
1
Karpus Investment Management
Pittsford,
New York
| $3.18M | -$2.21K | -200 | -0.1% |
|
|
RAM
2
Readystate Asset Management
Chicago,
Illinois
| $1.07M | -$10.1K | -914 | -0.9% |
|
|
CS
3
Clear Street
New York
| $61.5K | -$3.17M | -287,489 | -98% |
|
4
UBS Group
Zurich,
Switzerland
| $13.1K | -$2.96K | -268 | -18% |
|
5
National Bank of Canada
Montreal,
Quebec, Canada
| $185 | – | – | – |
|
|
WCMNY
6
Westchester Capital Management (New York)
Valhalla,
New York
| – | -$5.72M | -550,000 | Closed |
|
|
7
Walleye Capital
New York
| – | -$1.63M | -150,000 | Closed |
|
|
QL
8
Quarry LP
New York
| – | -$799K | -75,000 | Closed |
|
|
9
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | -$10.3K | -981 | Closed |
|
XRPNU Hedge Fund Activity: Q4 2025 in Review
5 of the 8,252 institutional investors tracked by Wall St. Rank reported a position in Armada Acquisition Corp II Units (XRPNU) for Q4 2025, worth a combined $4.32M — down 72% from $15.5M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of XRPNU and 0 opened new positions — a net loss of 4 holders — while 4 trimmed existing stakes and 0 added.
The largest seller was Westchester Capital Management (New York), exiting entirely with an estimated $5.72M sold.
- 5 institutional investors held Armada Acquisition Corp II Units (XRPNU) as of Q4 2025, down from 9 in Q3 2025.
- Funds reported $4.32M of Armada Acquisition Corp II Units stock for Q4 2025, down 72% quarter-over-quarter.
- 0 funds opened new Armada Acquisition Corp II Units positions in Q4 2025 and 4 closed out, a net change of -4 holders.
- The largest Armada Acquisition Corp II Units seller in Q4 2025 was Westchester Capital Management (New York), an estimated $5.72M sold.
Based on aggregated 13F filings for Q4 2025.