Armada Acquisition Corp. II (XRPNU) — Institutional Holders, Q2 2026
76 institutional investment managers reported a XRPNU position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $281.4M. Every filer is listed below, ranked by position value. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.
XRPNU in Q2 2026: what funds did
Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.
Biggest buyers
- MIZUHO SECURITIES USAAdded · +774,922 sh+$8.1M
- RLH CapitalAdded · +294,470 sh+$3.1M
- HIGHBRIDGE CAPITAL MANAGEMENTAdded · +268,424 sh+$2.8M
- QuarryAdded · +175,000 sh+$1.8M
- Crossingbridge AdvisorsNew · +110,000 sh+$1.1M
Biggest sellers
- METEORA CAPITALTrimmed · -318,976 sh-$3.3M
- TORONTO DOMINION BANKTrimmed · -216,529 sh-$2.3M
- Verition Fund ManagementTrimmed · -189,686 sh-$2.0M
- DLD Asset ManagementTrimmed · -174,130 sh-$1.8M
- HEIGHTS CAPITAL MANAGEMENTTrimmed · -110,014 sh-$1.1M
XRPNU 13F holders ranked 1–76 of 76
| # | Institution | Shares | Value | % of portfolio | QoQShares vs Q1 2026 |
|---|---|---|---|---|---|
| 1 | Arrington Capital Management#1 · 5,936,000 sh | 5,936,000 | $60.5M | 37.19% | 0.0% |
| 2 | TENOR CAPITAL MANAGEMENT , L.P.#2 · 2,935,000 sh | 2,935,000 | $23.4M | 0.33% | 0.0% |
| 3 | METEORA CAPITAL#3 · 1,985,659 sh | 1,985,659 | $20.7M | 1.71% | -13.8% |
| 4 | BERKLEY W R#4 · 1,289,816 sh | 1,289,816 | $12.9M | 0.62% | 0.0% |
| 5 | MIZUHO SECURITIES USA#5 · 1,233,194 sh | 1,233,194 | $12.7M | 0.12% | +169.1% |
| 6 | AQR Arbitrage#6 · 1,624,229 sh | 1,624,229 | $11.5M | 0.16% | +1.0% |
| 7 | LINDEN ADVISORS#7 · 1,481,000 sh | 1,481,000 | $8.9M | 0.05% | 0.0% |
| 8 | Magnetar Financial#8 · 1,155,466 sh | 1,155,466 | $8.8M | 0.08% | 0.0% |
| 9 | Westchester Capital Management#9 · 933,455 sh | 933,455 | $8.8M | 0.43% | 0.0% |
| 10 | LMR Partners LLP#10 · 1,085,704 sh | 1,085,704 | $8.6M | 0.03% | 0.0% |
| 11 | RLH Capital#11 · 757,278 sh | 757,278 | $7.9M | 3.78% | +63.6% |
| 12 | Polar Asset Management Partners#12 · 935,835 sh | 935,835 | $6.9M | 0.11% | 0.0% |
| 13 | WOLVERINE ASSET MANAGEMENT#13 · 566,567 sh | 566,567 | $5.9M | 0.05% | -1.3% |
| 14 | ARISTEIA CAPITAL, L.L.C.#14 · 1,061,206 sh | 1,061,206 | $5.7M | 0.07% | 0.0% |
| 15 | HIGHBRIDGE CAPITAL MANAGEMENT#15 · 543,153 sh | 543,153 | $5.7M | 0.14% | +97.7% |
| 16 | RIVERNORTH CAPITAL MANAGEMENT#16 · 755,388 sh | 755,388 | $5.4M | 0.26% | +198.4% |
| 17 | Quarry#17 · 482,137 sh | 482,137 | $5.0M | 0.42% | +57.0% |
| 18 | Radcliffe Capital Management, L.P.#18 · 563,829 sh | 563,829 | $4.9M | 0.37% | -16.3% |
| 19 | First Capital Management L.P.#19 · 458,864 sh | 458,864 | $4.8M | 0.28% | 0.0% |
| 20 | MILLENNIUM MANAGEMENT#20 · 454,850 sh | 454,850 | $4.7M | <0.01% | 0.0% |
| 21 | GOLDMAN SACHS GROUP#21 · 365,976 sh | 365,976 | $3.8M | <0.01% | 0.0% |
| 22 | Shaolin Capital Management#22 · 560,593 sh | 560,593 | $3.0M | 0.14% | -11.6% |
| 23 | Mint Tower Capital Management B.V.#23 · 375,000 sh | 375,000 | $2.7M | 0.31% | 0.0% |
| 24 | Karpus Management#24 · 253,925 sh | 253,925 | $2.6M | 0.08% | -54.6% |
| 25 | TORONTO DOMINION BANK#25 · 293,471 sh | 293,471 | $2.6M | <0.01% | -42.5% |
| 26 | SkyView Investment Advisors#26 · 250,000 sh | 250,000 | $2.6M | 2.04% | 0.0% |
| 27 | COMMONWEALTH EQUITY SERVICES#27 · 213,482 sh | 213,482 | $2.2M | <0.01% | +21.0% |
| 28 | WHITEBOX ADVISORS#28 · 300,000 sh | 300,000 | $2.2M | 0.03% | 0.0% |
| 29 | MOORE CAPITAL MANAGEMENT#29 · 300,000 sh | 300,000 | $2.2M | 0.03% | 0.0% |
| 30 | PICTON MAHONEY ASSET MANAGEMENT#30 · 200,000 sh | 200,000 | $2.1M | 0.02% | 0.0% |
| 31 | GLAZER CAPITAL#31 · 183,368 sh | 183,368 | $1.9M | 0.05% | -13.9% |
| 32 | HEIGHTS CAPITAL MANAGEMENT#32 · 176,886 sh | 176,886 | $1.8M | 0.43% | -38.3% |
| 33 | Cable Car Capital#33 · 225,000 sh | 225,000 | $1.6M | 0.03% | 0.0% |
| 34 | O'Connor Alternative Investments#34 · 150,000 sh | 150,000 | $1.6M | 0.11% | -66.7% |
| 35 | Hudson Bay Capital Management#35 · 361,271 sh | 361,271 | $1.5M | <0.01% | -14.1% |
| 36 | Crossingbridge Advisors#36 · 110,000 sh | 110,000 | $1.1M | 0.20% | New |
| 37 | Verition Fund Management#37 · 205,827 sh | 205,827 | $1.1M | <0.01% | -48.0% |
| 38 | Cambridge Investment Research Advisors#38 · 107,843 sh | 107,843 | $1.1M | <0.01% | +12.0% |
| 39 | READYSTATE ASSET MANAGEMENT#39 · 99,086 sh | 99,086 | $1.1M | <0.01% | 0.0% |
| 40 | Clear Street Group#40 · 239,474 sh | 239,474 | $1.0M | <0.01% | -28.1% |
| 41 | PERISCOPE CAPITAL#41 · 174,800 sh | 174,800 | $960.1K | 0.08% | -18.7% |
| 42 | CITIGROUP#42 · 90,000 sh | 90,000 | $937.8K | <0.01% | -10.0% |
| 43 | BOOTHBAY FUND MANAGEMENT#43 · 83,660 sh | 83,660 | $871.7K | 0.01% | -13.0% |
| 44 | CSS#44 · 70,068 sh | 70,068 | $730.1K | 0.03% | -46.1% |
| 45 | BNP PARIBAS FINANCIAL MARKETS#45 · 223,677 sh | 223,677 | $577.7K | <0.01% | 0.0% |
| 46 | MORGAN STANLEY#46 · 50,540 sh | 50,540 | $526.6K | 0.00% | 0.0% |
| 47 | HRT FINANCIAL#47 · 35,175 sh | 35,175 | $366.0K | <0.01% | -16.3% |
| 48 | HEALTHCARE OF ONTARIO PENSION PLAN FUND#48 · 350,000 sh | 350,000 | $297.5K | <0.01% | 0.0% |
| 49 | CITADEL ADVISORS#49 · 118,303 sh | 118,303 | $275.7K | 0.00% | -20.8% |
| 50 | DLD Asset Management#50 · 25,000 sh | 25,000 | $260.5K | 0.02% | -87.4% |
| 51 | Wealthspring Capital#51 · 290,865 sh | 290,865 | $247.2K | 0.06% | 0.0% |
| 52 | Qube Research & Technologies Ltd#52 · 22,642 sh | 22,642 | $235.9K | <0.01% | New |
| 53 | GEODE CAPITAL MANAGEMENT#53 · 21,524 sh | 21,524 | $224.3K | 0.00% | 0.0% |
| 54 | JPMORGAN CHASE#54 · 19,894 sh | 19,894 | $207.3K | 0.00% | -21.8% |
| 55 | Virtu Financial#55 · 18,740 sh | 18,740 | $195.0K | <0.01% | +1.0% |
| 56 | Saba Capital Management, L.P.#56 · 183,597 sh | 183,597 | $149.6K | <0.01% | 0.0% |
| 57 | RK Capital Management#57 · 166,711 sh | 166,711 | $141.7K | <0.01% | 0.0% |
| 58 | Mann Financial Group#58 · 12,450 sh | 12,450 | $129.7K | — | 0.0% |
| 59 | Western Wealth Management#59 · 11,465 sh | 11,465 | $119.5K | <0.01% | New |
| 60 | Sculptor Capital#60 · 94,665 sh | 94,665 | $80.5K | <0.01% | -33.6% |
| 61 | Walleye Capital#61 · 75,000 sh | 75,000 | $63.8K | <0.01% | -65.1% |
| 62 | OSAIC#62 · 3,100 sh | 3,100 | $32.3K | 0.00% | +416.7% |
| 63 | HUNTINGTON NATIONAL BANK#63 · 3,001 sh | 3,001 | $31.3K | <0.01% | 0.0% |
| 64 | Purpose Unlimited#64 · 2,800 sh | 2,800 | $29.1K | <0.01% | 0.0% |
| 65 | ROYAL BANK OF CANADA#65 · 1,975 sh | 1,975 | $20.0K | 0.00% | 0.0% |
| 66 | Skaana Management L.P.#66 · 16,025 sh | 16,025 | $13.6K | <0.01% | 0.0% |
| 67 | UBS Group AG#67 · 1,168 sh | 1,168 | $12.6K | 0.00% | +0.9% |
| 68 | FNY Investment Advisers#68 · 1,200 sh | 1,200 | $12.0K | — | +21.2% |
| 69 | CENTRAL#69 · 1,000 sh | 1,000 | $10.4K | <0.01% | 0.0% |
| 70 | PNC FINANCIAL SERVICES GROUP#70 · 975 sh | 975 | $10.2K | 0.00% | 0.0% |
| 71 | Glass Jacobson Investment Advisors#71 · 582 sh | 582 | $6.1K | — | 0.0% |
| 72 | EverSource Wealth Advisors#72 · 250 sh | 250 | $2.6K | <0.01% | -79.9% |
| 73 | Creative Capital Management Investments#73 · 100 sh | 100 | $1.0K | <0.01% | 0.0% |
| 74 | Global Retirement Partners#74 · 50 sh | 50 | $521.00 | 0.00% | — |
| 75 | NATIONAL BANK OF CANADA#75 · 27 sh | 27 | $110.00 | 0.00% | 0.0% |
| 76 | Context Capital Management#76 · 575,000 sh | 575,000 | — | — | 0.0% |
Funds that sold out of XRPNU in Q2 2026 (5)
Held XRPNU at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.
| Institution | Shares sold | Value in Q1 2026 |
|---|---|---|
| Diametric Capital57,499 sh | 57,499 | $592.8K |
| Harraden Circle Investments487,579 sh | 487,579 | $292.5K |
| PRELUDE CAPITAL MANAGEMENT14,555 sh | 14,555 | $150.1K |
| Ground Swell Capital16,427 sh | 16,427 | $9.9K |
| Parallax Volatility Advisers, L.P.10,000 sh | 10,000 | $5.5K |
Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.