Vault-13

RIGEL RESOURCE ACQ CORP

CL A ORD SHS · CUSIP G7573M106

41 institutional holders +0 vs Q3 2023
23,538,04023.5m shares reported held*
$258.0mreported value*
3 new 11 added 8 reduced 3 sold out net bought ≈ $2.7m (+244.2k 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 ≈ $10.96.

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 60Q4 22: 62Q1 23: 62Q2 23: 57Q3 23: 41Q4 23: 4141Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 202260
Q4 202262
Q1 202362
Q2 202357
Q3 202341
Q4 202341

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 15 bought or addedQ4 22: 17 cut or sold outQ4 22Q1 23: 22 bought or addedQ1 23: 17 cut or sold outQ1 23Q2 23: 14 bought or addedQ2 23: 26 cut or sold outQ2 23Q3 23: 20 bought or addedQ3 23: 35 cut or sold outQ3 23Q4 23: 14 bought or addedQ4 23: 11 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221517
Q1 20232217
Q2 20231426
Q3 20232035
Q4 20231411

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$10m$20m$30mQ1 23 calls: $104.6kQ1 23 puts: $0Q1 23P/C 0.00Q2 23 calls: $107.2kQ2 23 puts: $22.4mQ2 23P/C 208.52Q3 23 calls: $108.9kQ3 23 puts: $0Q3 23P/C 0.00Q4 23 calls: $0Q4 23 puts: $0Q4 23P/C —
Numbers
QuarterCallsPutsP/C
Q1 2023$104.6k$00.00
Q2 2023$107.2k$22.4m208.52
Q3 2023$108.9k$00.00
Q4 2023$0$0—

Biggest buyers

PICTON MAHONEY ASSET MANAGEMENT Added +474,050+474.1k
JPMORGAN CHASE & CO Added +315,000+315.0k
Cohanzick Management, LLC New +300,000+300.0k
D. E. Shaw & Co., Inc. New +267,479+267.5k
Meteora Capital, LLC Added +254,014+254.0k
Exos TFP Holdings LLC Added +213,642+213.6k
Periscope Capital Inc. Added +203,783+203.8k
K2 PRINCIPAL FUND, L.P. New +189,426+189.4k
First Trust Capital Management L.P. Added +161,052+161.1k
Flow State Investments, L.P. Added +155,000+155.0k

Biggest sellers

Castle Creek Arbitrage, LLC Sold out -903,085-903.1k
FIR TREE CAPITAL MANAGEMENT LP Reduced -675,813-675.8k
COWEN AND COMPANY, LLC Reduced -554,990-555.0k
MIZUHO SECURITIES USA LLC Reduced -216,248-216.2k
Sage Rock Capital Management LP Reduced -136,000-136.0k
Shaolin Capital Management LLC Reduced -135,200-135.2k
GLAZER CAPITAL, LLC Reduced -66,393-66.4k
Spartan Fund Management Inc. Reduced -24,604-24.6k
Karpus Management, Inc. Reduced -7,600-7.6k
CLEAR STREET LLC Sold out -2,507-2.5k

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
MIZUHO FINANCIAL GROUP INC 13G · institution new · filed 2025-02-13 9.0% new 640.5k 2025-02-13

Fell to 5% or below in the last year: ICS OPPORTUNITIES, LTD. (0.0%, 2026-02-13), BERKLEY W R CORP (0.0%, 2026-02-11), DUMAC, INC. (0.0%, 2026-01-05)

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 First Trust Capital Management L.P. 2.10% of their portfolio CHICAGO, IL 2,504,6772.5m $27.5m $27.5m 2.10% Added +161.1k +161,052
2 Westchester Capital Management, LLC 0.84% of their portfolio VALHALLA, NY 1,899,9811.9m $20.8m $20.8m 0.84% Added +125.3k +125,291
3 MIZUHO SECURITIES USA LLC 0.39% of their portfolio NEW YORK, NY 1,501,7521.5m $16.5m $16.5m 0.39% Reduced -216.2k -216,248
4 Calamos Advisors LLC 0.08% of their portfolio NAPERVILLE, IL 1,500,0001.5m $16.4m $16.4m 0.08% Unchanged
5 PICTON MAHONEY ASSET MANAGEMENT 0.62% of their portfolio Toronto, A6 1,224,0501.2m $13.4m $13.4m 0.62% Added +474.1k +474,050
6 BERKLEY W R CORP 0.94% of their portfolio Greenwich, CT 1,189,0311.2m $13.0m $13.0m 0.94% Unchanged
7 COWEN AND COMPANY, LLC 0.85% of their portfolio NEW YORK, NY 1,176,4931.2m $12.9m $12.9m 0.85% Reduced -555.0k -554,990
8 KIM, LLC 1.29% of their portfolio WICHITA, KS 1,150,0001.1m $12.6m $12.6m 1.29% Added +150.0k +150,000
9 Periscope Capital Inc. 1.77% of their portfolio Toronto, A6 953,783953.8k $10.5m $10.5m 1.77% Added +203.8k +203,783
10 Centiva Capital, LP 0.62% of their portfolio New York, NY 895,875895.9k $9.8m $9.8m 0.62% Unchanged
11 Radcliffe Capital Management, L.P. 1.08% of their portfolio BALA CYNWYD, PA 738,883738.9k $8.1m $8.1m 1.08% Unchanged
12 Sculptor Capital LP 0.20% of their portfolio New York, NY 730,652730.7k $8.0m $8.0m 0.20% Unchanged
13 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 680,000680.0k $7.5m $7.5m 0.01% Unchanged
14 Meteora Capital, LLC 0.48% of their portfolio Boca Raton, FL 508,026508.0k $5.6m $5.6m 0.48% Added +254.0k +254,014
15 Apollo Management Holdings, L.P. 0.06% of their portfolio New York, NY 500,000500.0k $5.5m $5.5m 0.06% Unchanged
16 Atlas Merchant Capital LLC 1.63% of their portfolio New York, NY 500,000500.0k $5.5m $5.5m 1.63% Unchanged
17 Shaolin Capital Management LLC 0.18% of their portfolio Miami, FL 464,800464.8k $5.1m $5.1m 0.18% Reduced -135.2k -135,200
18 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.16% of their portfolio CHICAGO, IL 462,203462.2k $5.1m $5.1m 0.16% Unchanged
19 Hudson Bay Capital Management LP 0.04% of their portfolio STAMFORD, CT 460,734460.7k $5.0m $5.0m 0.04% Added +68.7k +68,684
20 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 450,000450.0k $4.9m $4.9m 0.00% Added +315.0k +315,000
21 TENOR CAPITAL MANAGEMENT Co., L.P. 0.09% of their portfolio NEW YORK, NY 450,000450.0k $4.9m $4.9m 0.09% Unchanged
22 Verition Fund Management LLC 0.05% of their portfolio GREENWICH, CT 445,741445.7k $4.9m $4.9m 0.05% Unchanged
23 Flow State Investments, L.P. 1.60% of their portfolio CHICAGO, IL 430,000430.0k $4.7m $4.7m 1.60% Added +155.0k +155,000
24 Karpus Management, Inc. 0.13% of their portfolio Pittsford, NY 392,200392.2k $4.3m $4.3m 0.13% Reduced -7.6k -7,600
25 Exos TFP Holdings LLC 2.07% of their portfolio NEW YORK, NY 305,975306.0k $3.4m $3.4m 2.07% Added +213.6k +213,642
26 Cohanzick Management, LLC 2.02% of their portfolio Pleasantville, NY 300,000300.0k $3.3m $3.3m 2.02% New
27 Spartan Fund Management Inc. 3.71% of their portfolio TORONTO, ONTARIO, Z4 275,396275.4k $3.0m $3.0m 3.71% Reduced -24.6k -24,604
28 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 267,479267.5k $2.9m $2.9m 0.00% New
29 FIR TREE CAPITAL MANAGEMENT LP 0.49% of their portfolio New York, NY 202,649202.6k $2.2m $2.2m 0.49% Reduced -675.8k -675,813
30 K2 PRINCIPAL FUND, L.P. 0.49% of their portfolio TORONTO, A6 189,426189.4k $2.1m $2.1m 0.49% New
31 Sage Rock Capital Management LP 6.36% of their portfolio NEW YORK, NY 150,200150.2k $1.6m $1.6m 6.36% Reduced -136.0k -136,000
32 WOLVERINE ASSET MANAGEMENT LLC 0.02% of their portfolio CHICAGO, IL 107,191107.2k $1.2m $1.2m 0.02% Added +89.3k +89,275
33 GLAZER CAPITAL, LLC 0.12% of their portfolio New York, NY 103,285103.3k $1.1m $1.1m 0.12% Reduced -66.4k -66,393
34 Saba Capital Management, L.P. 0.03% of their portfolio NEW YORK, NY 102,790102.8k $1.1m $1.1m 0.03% Unchanged
35 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 100,000100.0k $1.1m $1.1m 0.00% Unchanged
36 HGC Investment Management Inc. 0.32% of their portfolio TORONTO, A6 100,000100.0k $1.1m $1.1m 0.32% Unchanged
37 BCK CAPITAL MANAGEMENT LP 0.80% of their portfolio STAMFORD, CT 74,26874.3k $814.0k $814.0k 0.80% Unchanged
38 Walleye Capital LLC 0.00% of their portfolio NEW YORK, NY 32,12832.1k $352.1k $352.1k 0.00% Unchanged
39 Walleye Trading LLC 0.00% of their portfolio NEW YORK, NY 18,07218.1k $198.1k $198.1k 0.00% Unchanged
40 Elequin Capital, LP 0.00% of their portfolio NEW YORK, NY 300300 $3.3k $3.3k 0.00% Unchanged
41 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged