Vault-13

REPUBLIC DIGITAL ACQUISITION RDAG

USD CL A ORD SHS · Common Stock · CUSIP G7515A103

61 institutional holders +1 vs Q4 2025
27,656,47327.7m shares reported held*
$282.9mreported value*
7 new 10 added 10 reduced 7 sold out net bought ≈ $2.5m (+240.4k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $10.23.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0255075Q2 25: 44Q3 25: 55Q4 25: 60Q1 26: 6161Q2 25Q3 25Q4 25Q1 26
Numbers
QuarterHolders
Q2 202544
Q3 202555
Q4 202560
Q1 202661

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q3 25: 24 bought or addedQ3 25: 17 cut or sold outQ3 25Q4 25: 19 bought or addedQ4 25: 15 cut or sold outQ4 25Q1 26: 17 bought or addedQ1 26: 17 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q3 20252417
Q4 20251915
Q1 20261717

Biggest buyers

Crossingbridge Advisors, LLC New +887,311+887.3k
Westchester Capital Management, LLC New +825,000+825.0k
Parallax Volatility Advisers, L.P. New +735,477+735.5k
SONA ASSET MANAGEMENT (US) LLC New +444,102+444.1k
TORONTO DOMINION BANK Added +292,900+292.9k
ARISTEIA CAPITAL, L.L.C. Added +200,000+200.0k
Verition Fund Management LLC Added +160,592+160.6k
WOLVERINE ASSET MANAGEMENT LLC Added +111,028+111.0k
Shaolin Capital Management LLC Added +100,000+100.0k
SkyView Investment Advisors, LLC New +100,000+100.0k

Biggest sellers

Harraden Circle Investments, LLC Sold out -2,299,466-2.3m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Sold out -1,000,000-1.0m
Saba Capital Management, L.P. Reduced -250,000-250.0k
StoneX Group Inc. Sold out -73,886-73.9k
Virtu Financial LLC Sold out -66,008-66.0k
BOOTHBAY FUND MANAGEMENT, LLC Sold out -51,307-51.3k
AQR Arbitrage LLC Reduced -41,764-41.8k
MIZUHO SECURITIES USA LLC Sold out -28,745-28.7k
CANTOR FITZGERALD, L. P. Reduced -25,000-25.0k
K2 PRINCIPAL FUND, L.P. Reduced -20,799-20.8k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
METEORA CAPITAL, LLC 13G · institution -0.1 pts · filed 2026-08-14 9.8% -0.1 pts 2.9m≈ $30.4m 2026-08-14
MMCAP International Inc. SPC 13G · passive investor no change · filed 2026-02-13 5.2% no change 1.6m≈ $16.2m 2026-02-13

Fell to 5% or below in the last year: Saba Capital Management, L.P. (4.2%, 2026-08-13), Harraden Circle Investments, LLC (0.0%, 2026-05-14)

Insider purchases and sales in Q1 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q1 2026.

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Meteora Capital, LLC 2.24% of their portfolio Boca Raton, FL 2,966,9373.0m $30.4m $30.4m 2.24% Reduced -3.1k -3,063
2 MMCAP International Inc. SPC 1.38% of their portfolio GRAND CAYMAN, E9 1,565,0001.6m $16.0m $16.0m 1.38% Unchanged
3 Saba Capital Management, L.P. 0.46% of their portfolio NEW YORK, NY 1,395,9601.4m $14.3m $14.3m 0.46% Reduced -250.0k -250,000
4 Linden Advisors LP 0.08% of their portfolio New York, NY 1,325,0231.3m $13.5m $13.5m 0.08% Unchanged
5 TENOR CAPITAL MANAGEMENT Co., L.P. 0.16% of their portfolio NEW YORK, NY 1,000,0001.0m $10.2m $10.2m 0.16% Unchanged
6 Magnetar Financial LLC 0.10% of their portfolio EVANSTON, IL 1,000,0001.0m $10.2m $10.2m 0.10% Unchanged
7 Governors Lane LP 1.27% of their portfolio NEW YORK, NY 997,199997.2k $10.2m $10.2m 1.27% Unchanged
8 LMR Partners LLP 0.09% of their portfolio LONDON, X0 997,100997.1k $10.2m $10.2m 0.09% Unchanged
9 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 949,630949.6k $9.7m $9.7m 0.01% Unchanged
10 Crossingbridge Advisors, LLC 1.64% of their portfolio PLEASANTVILLE, NY 887,311887.3k $9.1m $9.1m 1.64% New
11 Westchester Capital Management, LLC 0.41% of their portfolio VALHALLA, NY 825,000825.0k $8.4m $8.4m 0.41% New
12 Wealthspring Capital LLC 1.92% of their portfolio WEST HARRISON, NY 790,039790.0k $8.1m $8.1m 1.92% Reduced -6.9k -6,900
13 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 788,501788.5k $8.1m $8.1m 0.01% Unchanged
14 Verition Fund Management LLC 0.08% of their portfolio GREENWICH, CT 757,287757.3k $7.7m $7.7m 0.08% Added +160.6k +160,592
15 Parallax Volatility Advisers, L.P. 0.33% of their portfolio San Francisco, CA 735,477735.5k $7.5m $7.5m 0.33% New
16 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 716,500716.5k $7.3m $7.3m 0.01% Added +292.9k +292,900
17 AQR Arbitrage LLC 0.12% of their portfolio Greenwich, CT 692,862692.9k $7.1m $7.1m 0.12% Reduced -41.8k -41,764
18 GLAZER CAPITAL, LLC 0.14% of their portfolio New York, NY 664,464664.5k $6.8m $6.8m 0.14% Added +80.8k +80,782
19 HGC Investment Management Inc. 1.47% of their portfolio TORONTO, A6 646,675646.7k $6.6m $6.6m 1.47% Added +43.9k +43,934
20 ARISTEIA CAPITAL, L.L.C. 0.14% of their portfolio GREENWICH, CT 600,000600.0k $6.1m $6.1m 0.14% Added +200.0k +200,000
21 Context Capital Management, LLC 0.12% of their portfolio LAJOLLA, CA 500,000500.0k $5.1m $5.1m 0.12% Unchanged
22 Polar Asset Management Partners Inc. 0.12% of their portfolio TORONTO, A6 500,000500.0k $5.1m $5.1m 0.12% Unchanged
23 PICTON MAHONEY ASSET MANAGEMENT 0.05% of their portfolio Toronto, A6 500,000500.0k $5.1m $5.1m 0.05% Unchanged
24 SONA ASSET MANAGEMENT (US) LLC 0.17% of their portfolio NEW YORK, NY 444,102444.1k $4.5m $4.5m 0.17% New
25 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.02% of their portfolio HARRISBURG, PA 400,000400.0k $4.1m $4.1m 0.02% Unchanged
26 First Trust Capital Management L.P. 0.19% of their portfolio CHICAGO, IL 353,998354.0k $3.6m $3.6m 0.19% Reduced -6.0k -6,000
27 Alberta Investment Management Corp 0.02% of their portfolio EDMONTON, A0 350,000350.0k $3.6m $3.6m 0.02% Unchanged
28 CSS LLC/IL 0.20% of their portfolio CHICAGO, IL 345,952346.0k $3.5m $3.5m 0.20% Unchanged
29 Radcliffe Capital Management, L.P. 0.24% of their portfolio BALA CYNWYD, PA 315,760315.8k $3.2m $3.2m 0.24% Added +49.2k +49,158
30 Periscope Capital Inc. 0.55% of their portfolio Toronto, A6 311,200311.2k $3.2m $3.2m 0.55% Unchanged
31 WHITEBOX ADVISORS LLC 0.04% of their portfolio MINNEAPOLIS, MN 300,000300.0k $3.1m $3.1m 0.04% Unchanged
32 BERKLEY W R CORP 0.16% of their portfolio Greenwich, CT 297,570297.6k $3.0m $3.0m 0.16% Unchanged
33 Shaolin Capital Management LLC 0.12% of their portfolio Miami, FL 290,000290.0k $3.0m $3.0m 0.12% Added +100.0k +100,000
34 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 261,370261.4k $2.7m $2.7m 0.00% Unchanged
35 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 220,000220.0k $2.3m $2.3m 0.00% Unchanged
36 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.10% of their portfolio WEST PALM BEACH, FL 198,750198.8k $2.0m $2.0m 0.10% Unchanged
37 HEIGHTS CAPITAL MANAGEMENT, INC 0.51% of their portfolio SAN FRANCISCO, CA 178,000178.0k $1.8m $1.8m 0.51% Unchanged
38 DLD Asset Management, LP 0.17% of their portfolio NEW YORK, NY 166,667166.7k $1.7m $1.7m 0.17% Unchanged
39 Hudson Bay Capital Management LP 0.01% of their portfolio STAMFORD, CT 146,580146.6k $1.5m $1.5m 0.01% Unchanged
40 WOLVERINE ASSET MANAGEMENT LLC 0.02% of their portfolio CHICAGO, IL 130,419130.4k $1.3m $1.3m 0.02% Added +111.0k +111,028
41 MOORE CAPITAL MANAGEMENT, LP 0.04% of their portfolio NEW YORK, NY 100,000100.0k $1.0m $1.0m 0.04% Unchanged
42 K2 PRINCIPAL FUND, L.P. 0.11% of their portfolio TORONTO, A6 100,000100.0k $1.0m $1.0m 0.11% Reduced -20.8k -20,799
43 Schonfeld Strategic Advisors LLC 0.01% of their portfolio NEW YORK, NY 100,000100.0k $1.0m $1.0m 0.01% Added +49.2k +49,234
44 SkyView Investment Advisors, LLC 0.14% of their portfolio SHREWSBURY, NJ 100,000100.0k $1.0m $1.0m 0.14% New
45 L1 Global Manager Pty Ltd 0.83% of their portfolio Melbourne, C3 100,000100.0k $1.0m $1.0m 0.83% Unchanged
46 GRITSTONE ASSET MANAGEMENT LLC 1.08% of their portfolio Bethesda, MD 98,85098.8k $1.0m $1.0m 1.08% Unchanged
47 Lineage Point Capital LP 0.22% of their portfolio PALM BEACH, FL 90,00090.0k $920.7k $920.7k 0.22% Unchanged
48 RLH Capital LLC 0.42% of their portfolio Great Neck, NY 79,99280.0k $818.3k $818.3k 0.42% First filing
49 DELTEC ASSET MANAGEMENT LLC 0.09% of their portfolio New York, NY 50,00050.0k $511.5k $511.5k 0.09% Unchanged
50 Quarry LP 0.10% of their portfolio NEW YORK, NY 49,99250.0k $511.4k $511.4k 0.10% Unchanged
51 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 49,89449.9k $509.9k $509.9k 0.00% Added +54 +54
52 Bulldog Investors, LLP 0.11% of their portfolio SADDLE BROOK, NJ 47,36447.4k $484.5k $484.5k 0.11% Reduced -636 -636
53 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 30,35630.4k $310.5k $310.5k 0.00% Reduced -8.4k -8,414
54 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 29,68229.7k $303.4k $303.4k 0.00% New
55 CANTOR FITZGERALD, L. P. 0.01% of their portfolio NEW YORK, NY 29,54029.5k $301.9k $301.9k 0.01% Reduced -25.0k -25,000
56 READYSTATE ASSET MANAGEMENT LP 0.01% of their portfolio CHICAGO, IL 25,00025.0k $255.5k $255.5k 0.01% Unchanged
57 Rangeley Capital, LLC 0.22% of their portfolio NEW CANAAN, CT 20,18820.2k $206.5k $206.5k 0.22% Unchanged
58 ABC ARBITRAGE SA 0.03% of their portfolio PARIS, I0 20,00020.0k $204.6k $204.6k 0.03% Unchanged
59 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 13,62013.6k $139.2k $139.2k 0.00% New
60 PenderFund Capital Management Ltd. 0.02% of their portfolio VANCOUVER, A1 10,60010.6k $108.3k $108.3k 0.02% Unchanged
61 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 6262 $634 $634 0.00% Reduced -67 -67