XRPNU · Armada Acquisition Corp. II · Holdings

$18.77 -5.97 (-24.13%) At close · Oct 9

Market Cap

$592.94M

31.59M

Volume · Oct 9 1600 Avg daily vol (3M) 4002

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP → See every holder of XRPNU: 13F, 13D and 13G, insiders and funds →

Institutional holdings are being reconciled with SEC filings. Holder totals and changes may be incomplete until reconciliation finishes.

The Sep 30, 2026 filing window is still open — showing the latest known positions. Funds that have not filed yet carry their prior-quarter positions; a fund that filed without this stock counts as sold out. Each fund's Change is measured against its own previous reported quarter, shown in the Reported column. Pick a completed quarter in the Quarter selector below to put every fund on one quarter and see the stock-wide activity breakdown.

Quarter:

Holders: 75

Total Value: $274,795,553

Total Shares: 33,571,389

Showing 1–100 of 103 holdings by value · page 1 of 2

Institutional Ownership Trend

6 quarters

Holder Concentration

Across 76 13F filers

Top Holder

22.0%

of institutional value

Top 5

46.5%

of institutional value

Top 10

61.8%

of institutional value

HHI

750

Broadly held

Who Holds XRPNU

Last 6 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 76 filers, like-for-like change -3.3%; actively managed books -4.4%; index-like books +35.3%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	69.7%	38	-2.3%	1	3
Exempt adviser	3.8%	3	-1.3%	1	0
Adviser	7.5%	4	-24.6%	1	0
Bank	1.2%	7	-36.3%	0	0
Insurer	3.9%	1	0.0%	0	0
Non-US	1.6%	2	0.0%	0	0
Holding company	0.2%	2	+4.8%	0	0
Broker-dealer	0.0%	0	—	0	0
Unknown	12.1%	19	+12.6%	0	2

Style	Share	Filers	Change	New	Exited
Index-like	3.6%	4	+35.3%	0	0
Systematic-like	9.8%	10	-10.0%	1	1
Concentrated	23.6%	12	-4.9%	0	1
Diversified active	62.9%	50	-3.2%	2	3
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	5.2%	17	+27.3%	1	0
Medium turnover	45.6%	26	-4.6%	0	0
High turnover	28.0%	26	-6.9%	2	5
Unknown	21.2%	7	-1.4%	0	0
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	64.4%	29	-4.7%	1	2
Medium horizon	14.4%	6	+11.4%	0	0
Long horizon	8.3%	26	-19.9%	1	0
Unknown	13.0%	15	+2.6%	1	3
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	31.4%	20	-7.5%	1	3
$1B to $10B	58.2%	31	+1.9%	1	2
$10B to $100B	6.3%	13	-23.1%	1	0
$100B or more	4.0%	12	-3.3%	0	0
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	0.7%	6	+25.6%	1	0
Pooled investment vehicles	61.7%	27	-5.1%	0	3
Registered funds and BDCs	6.5%	4	+30.1%	0	0
Other investment advisers	0.9%	1	0.0%	0	0
Diversified	0.0%	0	—	0	0
Unknown	30.3%	38	-5.7%	2	2

Private funds	Share	Filers	Change	New	Exited
Hedge funds	64.5%	30	-2.8%	1	3
Private equity funds	2.2%	2	0.0%	0	0
Real estate funds	0.0%	1	0.0%	0	0
Private funds, type not stated	3.2%	1	0.0%	0	0
No private funds	3.6%	7	+4.2%	1	0
Unknown	26.4%	35	-6.2%	1	2

Location	Share	Filers	Change	New	Exited
United States	89.7%	64	-3.0%	2	5
Outside the US	10.3%	12	-6.4%	1	0

The Sep 30, 2026 filing window is still open, so its bar carries the Jun 30, 2026 positions of filers that have not filed yet.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Excluded 1 holder with no observed 2026-03-31 13F.

Fund Ownership of XRPNU by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 0.00% of shares outstanding.

Fund type	Of shares outstanding	Shares	Funds
Index funds	0.00%	0	0
Index ETFs	0.00%	0	0
Active ETFs	0.01%	2,164	1
Active funds	1.81%	571,301	4
Unclassified	0.00%	0	0
All registered funds	1.82%	573,465	5

How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Holder type: Registered adviser 38 Exempt adviser 3 Adviser 4 Bank 7 Insurer 1 Non-US 2 Holding company 2 Unknown 18

Showing 100 of 103

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Arrington Capital Management, LLC XRPN

$60,394,320

21.98%

5,796,000

TENOR CAPITAL MANAGEMENT Co., L.P. XRPN

$22,767,700

8.29%

2,185,000

METEORA CAPITAL, LLC XRPN

$20,690,566

7.53%

1,985,659

BERKLEY W R CORP XRPN

$12,855,518

4.68%

1,233,735

AQR Arbitrage LLC XRPN

$11,126,507

4.05%

1,067,803

Westchester Capital Management, LLC XRPN

$8,684,027

3.16%

833,400

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
WESTCHESTER CAPITAL PARTNERS, LLC	6,747	$70,303	0.8%	Sole
Virtus Investment Advisers, LLC	760,910	$7,928,682	91.3%	Other
Held directly	65,743	$685,042	7.9%	Sole

Magnetar Financial LLC XRPN

$8,484,651

3.09%

814,266

Linden Advisors LP XRPN

$8,336,000

3.03%

800,000

LMR Partners LLP XRPN

$8,336,000

3.03%

800,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
LMR PARTNERS (DIFC) Ltd	800,000	$8,336,000	100.0%	Sole

MIZUHO SECURITIES USA LLC XRPN

$8,074,687

2.94%

774,922

RLH Capital LLC XRPN

$7,890,836

2.87%

757,278

Polar Asset Management Partners Inc. XRPN

$6,625,400

2.41%

635,835

WOLVERINE ASSET MANAGEMENT LLC XRPN

$5,903,628

2.15%

566,567

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Wolverine Holdings, LLC	566,567	$5,903,628	100.0%	Defined

HIGHBRIDGE CAPITAL MANAGEMENT LLC XRPN

$5,659,654

2.06%

543,153

RIVERNORTH CAPITAL MANAGEMENT, LLC XRPN

$5,233,153

1.90%

502,222

ARISTEIA CAPITAL, L.L.C. XRPN

$5,210,000

1.90%

500,000

Quarry LP XRPN

$5,023,867

1.83%

482,137

Radcliffe Capital Management, L.P. XRPN

$4,833,264

1.76%

463,845

First Trust Capital Management L.P. XRPN

$4,781,362

1.74%

458,864

MILLENNIUM MANAGEMENT LLC XRPN

$4,739,537

1.72%

454,850

GOLDMAN SACHS GROUP INC XRPN

$3,813,469

1.39%

365,976

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GOLDMAN SACHS & CO. LLC	365,976	$3,813,469	100.0%	Defined

Context Capital Management, LLC XRPN

$3,647,000

1.33%

350,000

Shaolin Capital Management LLC XRPN

$2,786,235

1.01%

267,393

Karpus Management, Inc. XRPN

$2,645,898

0.96%

253,925

TORONTO DOMINION BANK XRPN

$2,607,865

0.95%

250,275

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
TD SECURITIES (USA) LLC	250,275	$2,607,865	100.0%	Defined

SkyView Investment Advisors, LLC XRPN

$2,605,000

0.95%

250,000

Mint Tower Capital Management B.V. XRPN

$2,605,000

0.95%

250,000

COMMONWEALTH EQUITY SERVICES, LLC XRPN

$2,224,482

0.81%

213,482

WHITEBOX ADVISORS LLC XRPN

$2,084,000

0.76%

200,000

PICTON MAHONEY ASSET MANAGEMENT XRPN

$2,084,000

0.76%

200,000

MOORE CAPITAL MANAGEMENT, LP XRPN

$2,084,000

0.76%

200,000

GLAZER CAPITAL, LLC XRPN

$1,910,694

0.70%

183,368

HEIGHTS CAPITAL MANAGEMENT, INC XRPN

$1,843,152

0.67%

176,886

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
CVI Investments, Inc.	176,886	$1,843,152	100.0%	Other

Cable Car Capital, LP XRPN

$1,563,000

0.57%

150,000

O'Connor Alternative Investments LLC XRPN

$1,563,000

0.57%

150,000

Hudson Bay Capital Management LP XRPN

$1,245,856

0.45%

119,564

Crossingbridge Advisors, LLC XRPN

$1,146,200

0.42%

110,000

Cambridge Investment Research Advisors, Inc. XRPN

$1,123,724

0.41%

107,843

READYSTATE ASSET MANAGEMENT LP

$1,070,128

0.39%

99,086

Verition Fund Management LLC XRPN

$1,056,212

0.38%

101,364

CITIGROUP INC XRPN

$937,800

0.34%

90,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citigroup Financial Products Inc. joint	90,000	$937,800	100.0%	Defined

Periscope Capital Inc. XRPN

$883,616

0.32%

84,800

Clear Street Group Inc. XRPN

$882,834

0.32%

84,725

BOOTHBAY FUND MANAGEMENT, LLC XRPN

$871,737

0.32%

83,660

CSS LLC/IL XRPN

$730,108

0.27%

70,068

MORGAN STANLEY XRPN

$526,626

0.19%

50,540

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY CAPITAL SERVICES, LLC	49	$510	0.1%	Defined
MORGAN STANLEY SMITH BARNEY LLC	50,491	$526,116	99.9%	Defined

BNP PARIBAS ARBITRAGE, SA XRPN

$422,041

0.15%

40,503

HRT FINANCIAL LP XRPN

$366,523

0.13%

35,175

DLD Asset Management, LP XRPN

$260,500

0.09%

25,000

Qube Research & Technologies Ltd XRPN

$235,929

0.09%

22,642

GEODE CAPITAL MANAGEMENT, LLC XRPN

$224,280

0.08%

21,524

JPMORGAN CHASE & CO XRPN

$207,295

0.08%

19,894

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
J.P. Morgan Securities LLC	19,894	$207,295	100.0%	Defined

Mann Financial Group, Inc. XRPN

$204,180

0.07%

12,450

Virtu Financial LLC XRPN

$195,270

0.07%

18,740

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Virtu Americas LLC	18,740	$195,270	100.0%	Defined

CITADEL ADVISORS LLC XRPN

$190,717

0.07%

18,303

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	18,303	$190,717	100.0%	Defined

Western Wealth Management, LLC XRPN

$119,465

0.04%

11,465

OSAIC HOLDINGS, INC. XRPN

$32,302

0.01%

3,100

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
OSAIC WEALTH, INC.	3,100	$32,302	100.0%	Defined

HUNTINGTON NATIONAL BANK XRPN

$31,270

0.01%

3,001

Purpose Unlimited Inc. XRPN

$29,176

0.01%

2,800

ROYAL BANK OF CANADA XRPN

$20,579

0.01%

1,975

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RBC Capital Markets, LLC	975	$10,159	49.4%	Defined
RBC Dominion Securities Inc.	1,000	$10,420	50.6%	Defined

Clear Street Group Inc.

$20,001

0.01%

1,852

UBS Group AG

$12,506

0.00%

1,158

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Securities LLC	1,158	$12,506	100.0%	Defined

CENTRAL TRUST Co XRPN

$10,420

0.00%

1,000

PNC FINANCIAL SERVICES GROUP, INC. XRPN

$10,159

0.00%

975

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
PNC Bank, National Association	975	$10,159	100.0%	Defined

Glass Jacobson Investment Advisors llc XRPN

$6,064

0.00%

582

EverSource Wealth Advisors, LLC XRPN

$2,605

0.00%

250

Creative Capital Management Investments LLC XRPN

$1,042

0.00%

100

Global Retirement Partners, LLC XRPN

$521

0.00%

NATIONAL BANK OF CANADA /FI/

$291

0.00%

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
National Bank Financial Inc.	27	$291	100.0%	Defined

UBS Group AG XRPN

$104

0.00%

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Europe SE	10	$104	100.0%	Defined

Shaolin Capital Management LLC XRPNW

—

293,200

TORONTO DOMINION BANK XRPNW

—

43,196

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
TD SECURITIES (USA) LLC	43,196	$0	—	Defined

WHITEBOX ADVISORS LLC XRPNW

—

100,000

AQR Arbitrage LLC XRPNW

—

556,426

ARISTEIA CAPITAL, L.L.C. XRPNW

—

561,206

Clear Street Group Inc. XRPNW

—

152,897

Context Capital Management, LLC XRPNW

—

225,000

Saba Capital Management, L.P. XRPNW

—

183,597

Linden Advisors LP XRPNW

—

681,000

Wealthspring Capital LLC XRPNW

—

290,865

Westchester Capital Management, LLC XRPNW

—

100,055

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
WESTCHESTER CAPITAL PARTNERS, LLC	826	$0	—	Sole
Virtus Investment Advisers, LLC	89,995	$0	—	Other
Held directly	9,234	$0	—	Sole

BNP PARIBAS ARBITRAGE, SA XRPNW

—

183,174

LMR Partners LLP XRPNW

—

285,704

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
LMR PARTNERS (DIFC) Ltd	285,704	$0	—	Sole

CITADEL ADVISORS LLC XRPNW

—

100,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	100,000	$0	—	Defined

Polar Asset Management Partners Inc. XRPNW

—

300,000

Verition Fund Management LLC XRPNW

—

104,463

Cable Car Capital, LP XRPNW

—

75,000

RIVERNORTH CAPITAL MANAGEMENT, LLC XRPNW

—

253,166

Magnetar Financial LLC XRPNW

—

341,200

Skaana Management L.P. XRPNW

—

16,025

MILLENNIUM MANAGEMENT LLC XRPNW

—

75,000

HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND XRPNW

—

350,000

Mint Tower Capital Management B.V. XRPNW

—

125,000

Periscope Capital Inc. XRPNW

—

90,000

Hudson Bay Capital Management LP XRPNW

—

241,707

Radcliffe Capital Management, L.P. XRPNW

—

99,984

TENOR CAPITAL MANAGEMENT Co., L.P. XRPNW

—

750,000

BERKLEY W R CORP XRPNW

—

56,081

Walleye Capital LLC XRPNW

—

75,000

Sculptor Capital LP XRPNW

—

94,665

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Sculptor Capital II LP joint	94,665	$0	—	Sole

Showing the top 100 of 103 holders. Create a free account to see every holder, past quarters, search, filters and CSV export.

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