Vault-13

RF ACQUISITION CORP III RFAM

ORD SHS · Common Stock · CUSIP G7537X107

35 institutional holders +6 vs Q1 2026
7,881,0297.9m shares reported held*
56.6% of all shares outstanding*
$77.9mreported value*
9 new 9 added 6 reduced 3 sold out net bought ≈ $23.4m (+2.4m 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. Shares outstanding: 13.9m as of 2026-07-21, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $9.89.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

02040Q1 26: 29Q2 26: 3535Q1 26Q2 26
Numbers
QuarterHolders
Q1 202629
Q2 202635

Biggest buyers

WOLVERINE ASSET MANAGEMENT LLC Added +539,771+539.8k
Cable Car Capital, LP New +400,000+400.0k
WHITEBOX ADVISORS LLC New +387,000+387.0k
BNP PARIBAS FINANCIAL MARKETS New +335,580+335.6k
Magnetar Financial LLC New +285,000+285.0k
Wealthspring Capital LLC New +241,170+241.2k
MIZUHO SECURITIES USA LLC Added +203,256+203.3k
L1 Global Manager Pty Ltd New +150,000+150.0k
RLH Capital LLC New +85,000+85.0k
HEIGHTS CAPITAL MANAGEMENT, INC New +74,915+74.9k

Biggest sellers

AQR Arbitrage LLC Reduced -335,580-335.6k
Decagon Asset Management LLP Sold out -100,811-100.8k
Saba Capital Management, L.P. Sold out -94,740-94.7k
Parallax Volatility Advisers, L.P. Sold out -16,958-17.0k
Shaolin Capital Management LLC Reduced -8,958-9.0k
TrueMark Investments, LLC Reduced -1,290-1.3k
Meteora Capital, LLC Reduced -301-301
Warberg Asset Management LLC Reduced -51-51
BOOTHBAY FUND MANAGEMENT, LLC Reduced -35-35

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.

No one currently above 5% in the filings since 19 Dec 2024.

Fell to 5% or below in the last year: AQR CAPITAL MANAGEMENT LLC (4.3%, 2026-08-12)

Insider purchases and sales since 1 Apr 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 since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 AQR Arbitrage LLC 0.09% of their portfolio Greenwich, CT 604,420604.4k $6.0m $6.0m 0.09% Reduced -335.6k -335,580
2 WOLVERINE ASSET MANAGEMENT LLC 0.07% of their portfolio CHICAGO, IL 552,619552.6k $5.5m $5.5m 0.07% Added +539.8k +539,771
3 Polar Asset Management Partners Inc. 0.09% of their portfolio TORONTO, A6 525,000525.0k $5.2m $5.2m 0.09% Added +50.0k +50,000
4 GLAZER CAPITAL, LLC 0.12% of their portfolio New York, NY 484,599484.6k $4.8m $4.8m 0.12% Added +200 +200
5 ARISTEIA CAPITAL, L.L.C. 0.07% of their portfolio GREENWICH, CT 475,000475.0k $4.7m $4.7m 0.07% Unchanged
6 MANGROVE PARTNERS IM, LLC 0.30% of their portfolio Greenwich, CT 465,000465.0k $4.6m $4.6m 0.30% Unchanged
7 MIZUHO SECURITIES USA LLC 0.04% of their portfolio NEW YORK, NY 428,797428.8k $4.2m $4.2m 0.04% Added +203.3k +203,256
8 Cable Car Capital, LP 0.17% of their portfolio SAN FRANCISCO, CA 400,000400.0k $4.0m $4.0m 0.17% New
9 WHITEBOX ADVISORS LLC 0.06% of their portfolio MINNEAPOLIS, MN 387,000387.0k $3.8m $3.8m 0.06% New
10 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 335,580335.6k $3.3m $3.3m 0.00% New
11 BERKLEY W R CORP 0.16% of their portfolio Greenwich, CT 333,057333.1k $3.3m $3.3m 0.16% Unchanged
12 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.14% of their portfolio WEST PALM BEACH, FL 300,000300.0k $3.0m $3.0m 0.14% Unchanged
13 Magnetar Financial LLC 0.03% of their portfolio EVANSTON, IL 285,000285.0k $2.8m $2.8m 0.03% New
14 Wealthspring Capital LLC 0.53% of their portfolio WEST HARRISON, NY 241,170241.2k $2.4m $2.4m 0.53% New
15 Periscope Capital Inc. 0.38% of their portfolio Toronto, A6 240,000240.0k $2.4m $2.4m 0.38% Unchanged
16 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 181,250181.2k $1.8m $1.8m 0.00% Unchanged
17 Hudson Bay Capital Management LP 0.01% of their portfolio STAMFORD, CT 150,000150.0k $1.5m $1.5m 0.01% Unchanged
18 L1 Global Manager Pty Ltd 1.20% of their portfolio Melbourne, C3 150,000150.0k $1.5m $1.5m 1.20% New
19 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 145,158145.2k $1.4m $1.4m 0.05% Added +64.7k +64,731
20 Radcliffe Capital Management, L.P. 0.08% of their portfolio BALA CYNWYD, PA 108,288108.3k $1.1m $1.1m 0.08% Added +33.0k +32,995
21 BOOTHBAY FUND MANAGEMENT, LLC 0.02% of their portfolio NEW YORK, NY 106,141106.1k $1.1m $1.1m 0.02% Reduced -35 -35
22 Limestone Investment Advisors LP 0.50% of their portfolio NEW YORK, NY 100,000100.0k $990.0k $990.0k 0.50% Added +29.3k +29,269
23 Meteora Capital, LLC 0.08% of their portfolio Boca Raton, FL 95,49995.5k $946.4k $946.4k 0.08% Reduced -301 -301
24 Linden Advisors LP 0.00% of their portfolio New York, NY 95,00095.0k $939.5k $939.5k 0.00% Unchanged
25 Mint Tower Capital Management B.V. 0.11% of their portfolio AMSTERDAM, P7 95,00095.0k $941.0k $941.0k 0.11% Unchanged
26 Centiva Capital, LP 0.03% of their portfolio New York, NY 95,00095.0k $939.5k $939.5k 0.03% Unchanged
27 Shaolin Capital Management LLC 0.05% of their portfolio Miami, FL 86,04286.0k $851.8k $851.8k 0.05% Reduced -9.0k -8,958
28 RLH Capital LLC 0.40% of their portfolio Great Neck, NY 85,00085.0k $841.1k $841.1k 0.40% New
29 HEIGHTS CAPITAL MANAGEMENT, INC 0.17% of their portfolio SAN FRANCISCO, CA 74,91574.9k $740.9k $740.9k 0.17% New
30 MOORE CAPITAL MANAGEMENT, LP 0.02% of their portfolio NEW YORK, NY 70,00070.0k $693.0k $693.0k 0.02% Unchanged
31 Warberg Asset Management LLC 0.21% of their portfolio WINNETKA, IL 69,94969.9k $692.1k $692.1k 0.21% Reduced -51 -51
32 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 66,00966.0k $653.5k $653.5k 0.00% Added +43.3k +43,313
33 TrueMark Investments, LLC 0.06% of their portfolio CHICAGO, IL 48,71048.7k $481.7k $481.7k 0.06% Reduced -1.3k -1,290
34 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 1,8001.8k $17.8k $17.8k 0.00% New
35 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2626 $257 $257 0.00% Added +19 +19