XRPNU · Armada Acquisition Corp. II · Shareholders & Ownership
$18.77
-5.97 (-24.13%)
At close · Oct 9
Return incl. dividend (before tax)
Going-concern doubt
— flagged Aug 13, 2026
Substantial doubt about the company's ability to continue as a going concern.
“Management has determined that the liquidity condition and mandatory liquidation, should an initial Business Combination not occur, and potential subsequent dissolution raises substantial doubt about our ability to continue as a going concern.”View the 10-Q filed Aug 13, 2026
Market Cap
$592.94M
Shares
31.59M
Volume · Oct 9
1600
Avg daily vol (3M)
4002
Every disclosed holder of XRPNU in one list: 13F institutions, Schedule 13D and 13G filers, insiders (Forms 3, 4 and 5) and registered funds, each from its own latest filing. Holders nest by CIK and SEC reporting links, never by name, and each is summed once.
Who Owns XRPNU
13F quarter Sep 30, 2026, combined view: filers that have not filed yet carry their Jun 30, 2026 positionsNo chart: the summed disclosures exceed shares outstanding, so they are not parts of one whole.
| Holder group | Shares | % Out |
|---|---|---|
| Institutional (13F) | 33,496,389 | 106.03% |
| Insiders (Forms 3, 4, 5) | 0 | 0.00% |
| 13D/G-only blocks | 0 | 0.00% |
| Remaining | 1,906,389 | -6.03% |
| Registered funds (N-PORT, not summed) | 0 | 0.00% |
Shares outstanding: 31,590,000, the issuer's latest cover-page count restated onto today's split basis.
Insiders are listed but not summed: the issuer has more than one class of common stock and Forms 3, 4 and 5 report one issuer-wide balance across them.
Remaining is negative: the summed disclosures exceed shares outstanding, as when filings are dated at different times or holders that do not disclose their links count the same shares. It is flagged, not clipped.
13D/G-only counts each filer's latest 13D or 13G that no 13F report of the listing contains, that names no 13F filer and that no counted insider files. Funds are never summed: their shares sit inside their advisers' 13F reports.
Holders of XRPNU
| # | Holder | Shares | As of | Notes |
|---|---|---|---|---|
| 1 |
Arrington Capital Management, LLC
13F
CIK 2087115 · Registered investment adviser · Jun 30, 2026
Classes XRPN, XRPNW, carried, not yet filed for the newest quarter
|
5,936,000 | ||
| 2 |
|
4,704,137 | ||
| 3 |
TENOR CAPITAL MANAGEMENT Co., L.P.
13F
CIK 1346554 · Registered investment adviser · Jun 30, 2026
Classes XRPN, XRPNW, carried, not yet filed for the newest quarter
|
2,935,000 | ||
| 3.1 |
TENOR CAPITAL MANAGEMENT Co., L.P.
13G
CIK 1346554 · Registered investment adviser · Jun 30, 2026
Rule 13d-1(c), passive investor, not summed
|
1,100,000 | ||
| 4 |
METEORA CAPITAL, LLC
13F
CIK 1905106 · Investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
1,985,659 | ||
| 5 |
AQR Arbitrage LLC
13F
CIK 1167456 · Registered investment adviser · Jun 30, 2026
Classes XRPN, XRPNW, carried, not yet filed for the newest quarter
|
1,624,229 | ||
| 6 |
Linden Advisors LP
13F
CIK 1279396 · Registered investment adviser · Jun 30, 2026
Classes XRPN, XRPNW, carried, not yet filed for the newest quarter
|
1,481,000 | ||
| 7 |
BERKLEY W R CORP
13F
CIK 11544 · Insurance company · Jun 30, 2026
Classes XRPN, XRPNW, carried, not yet filed for the newest quarter
|
1,289,816 | ||
| 8 |
Magnetar Financial LLC
13F
CIK 1352851 · Registered investment adviser · Jun 30, 2026
Classes XRPN, XRPNW, carried, not yet filed for the newest quarter
|
1,155,466 | ||
| 9 |
LMR Partners LLP
13F
CIK 1578621 · Exempt reporting adviser · Jun 30, 2026
Classes XRPN, XRPNW, carried, not yet filed for the newest quarter
|
1,085,704 | ||
| 10 |
ARISTEIA CAPITAL, L.L.C.
13F
CIK 1080171 · Registered investment adviser · Jun 30, 2026
Classes XRPN, XRPNW, carried, not yet filed for the newest quarter
|
1,061,206 | ||
| 11 |
Polar Asset Management Partners Inc.
13F
CIK 1326389 · Registered investment adviser · Jun 30, 2026
Classes XRPN, XRPNW, carried, not yet filed for the newest quarter
|
935,835 | ||
| 12 |
Westchester Capital Management, LLC
13F
CIK 1512805 · Registered investment adviser · Jun 30, 2026
Classes XRPN, XRPNW, carried, not yet filed for the newest quarter
|
933,455 | ||
| 13 |
MIZUHO SECURITIES USA LLC
13F
CIK 812291 · Unknown · Jun 30, 2026
carried, not yet filed for the newest quarter
|
774,922 | ||
| 14 |
RLH Capital LLC
13F
CIK 2008031 · Unknown · Jun 30, 2026
carried, not yet filed for the newest quarter
|
757,278 | ||
| 15 |
RIVERNORTH CAPITAL MANAGEMENT, LLC
13F
CIK 1447578 · Registered investment adviser · Jun 30, 2026
Classes XRPN, XRPNW, carried, not yet filed for the newest quarter
|
755,388 | ||
| 16 |
Context Capital Management, LLC
13F
CIK 1301396 · Registered investment adviser · Jun 30, 2026
Classes XRPN, XRPNW, carried, not yet filed for the newest quarter
|
575,000 | ||
| 17 |
WOLVERINE ASSET MANAGEMENT LLC
13F
CIK 1279891 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
566,567 | ||
| 18 |
Radcliffe Capital Management, L.P.
13F
CIK 1218275 · Registered investment adviser · Jun 30, 2026
Classes XRPN, XRPNW, carried, not yet filed for the newest quarter
|
563,829 | ||
| 19 |
Shaolin Capital Management LLC
13F
CIK 1766806 · Registered investment adviser · Jun 30, 2026
Classes XRPN, XRPNW, carried, not yet filed for the newest quarter
|
560,593 | ||
| 20 |
HIGHBRIDGE CAPITAL MANAGEMENT LLC
13F
CIK 919185 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
543,153 | ||
| 21 |
|
482,137 | ||
| 22 |
First Trust Capital Management L.P.
13F
CIK 1604488 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
458,864 | ||
| 23 |
MILLENNIUM MANAGEMENT LLC
13F
CIK 1273087 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
454,850 | ||
| 24 |
|
400,000 | ||
| 25 |
Mint Tower Capital Management B.V.
13F
CIK 1666606 · Unknown · Jun 30, 2026
Classes XRPN, XRPNW, carried, not yet filed for the newest quarter
|
375,000 | ||
| 26 |
GOLDMAN SACHS GROUP INC
13F
CIK 886982 · Unknown · Jun 30, 2026
carried, not yet filed for the newest quarter
|
365,976 | ||
| 27 |
Hudson Bay Capital Management LP
13F
CIK 1393825 · Registered investment adviser · Jun 30, 2026
Classes XRPN, XRPNW, carried, not yet filed for the newest quarter
|
361,271 | ||
| 28 |
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND
13F
CIK 1535845 · Non-US institution · Jun 30, 2026
carried, not yet filed for the newest quarter
|
350,000 | ||
| 29 |
MOORE CAPITAL MANAGEMENT, LP
13F
CIK 1448574 · Registered investment adviser · Jun 30, 2026
Classes XRPN, XRPNW, carried, not yet filed for the newest quarter
|
300,000 | ||
| 30 |
WHITEBOX ADVISORS LLC
13F
CIK 1257391 · Registered investment adviser · Jun 30, 2026
Classes XRPN, XRPNW, carried, not yet filed for the newest quarter
|
300,000 | ||
| 31 |
TORONTO DOMINION BANK
13F
CIK 947263 · Bank · Jun 30, 2026
Classes XRPN, XRPNW, carried, not yet filed for the newest quarter
|
293,471 | ||
| 32 |
Wealthspring Capital LLC
13F
CIK 1844495 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
290,865 | ||
| 33 |
Karpus Management, Inc.
13F
CIK 1048703 · Investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
253,925 | ||
| 34 |
SkyView Investment Advisors, LLC
13F
CIK 1848237 · Unknown · Jun 30, 2026
carried, not yet filed for the newest quarter
|
250,000 | ||
| 35 |
Clear Street Group Inc.
13F
CIK 1881567 · Unknown · Jun 30, 2026
Classes XRPN, XRPNU, XRPNW, carried, not yet filed for the newest quarter
|
239,474 | ||
| 36 |
Cable Car Capital, LP
13F
CIK 1699575 · Registered investment adviser · Jun 30, 2026
Classes XRPN, XRPNW, carried, not yet filed for the newest quarter
|
225,000 | ||
| 37 |
BNP PARIBAS ARBITRAGE, SA
13F
CIK 1166588 · Unknown · Jun 30, 2026
Classes XRPN, XRPNW, carried, not yet filed for the newest quarter
|
223,677 | ||
| 38 |
COMMONWEALTH EQUITY SERVICES, LLC
13F
CIK 312272 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
213,482 | ||
| 39 |
Verition Fund Management LLC
13F
CIK 1454027 · Registered investment adviser · Jun 30, 2026
Classes XRPN, XRPNW, carried, not yet filed for the newest quarter
|
205,827 | ||
| 40 |
PICTON MAHONEY ASSET MANAGEMENT
13F
CIK 1539041 · Non-US institution · Jun 30, 2026
carried, not yet filed for the newest quarter
|
200,000 | ||
| 41 |
Saba Capital Management, L.P.
13F
CIK 1510281 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
183,597 | ||
| 42 |
GLAZER CAPITAL, LLC
13F
CIK 1076809 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
183,368 | ||
| 43 |
HEIGHTS CAPITAL MANAGEMENT, INC
13F
CIK 1081698 · Unknown · Jun 30, 2026
carried, not yet filed for the newest quarter
|
176,886 | ||
| 44 |
Periscope Capital Inc.
13F
CIK 1695320 · Exempt reporting adviser · Jun 30, 2026
Classes XRPN, XRPNW, carried, not yet filed for the newest quarter
|
174,800 | ||
| 45 |
RK Capital Management, LLC/FL
13F
CIK 1905218 · Unknown · Jun 30, 2026
carried, not yet filed for the newest quarter
|
166,711 | ||
| 46 |
O'Connor Alternative Investments LLC
13F
CIK 2081629 · Investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
150,000 | ||
| 47 |
CITADEL ADVISORS LLC
13F
CIK 1423053 · Registered investment adviser · Jun 30, 2026
Classes XRPN, XRPNW, carried, not yet filed for the newest quarter
|
118,303 | ||
| 48 |
Crossingbridge Advisors, LLC
13F
CIK 1770024 · Investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
110,000 | ||
| 49 |
Cambridge Investment Research Advisors, Inc.
13F
CIK 1419186 · Unknown · Jun 30, 2026
carried, not yet filed for the newest quarter
|
107,843 | ||
| 50 |
READYSTATE ASSET MANAGEMENT LP
13F
CIK 1900923 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
99,086 |
Shares are restated onto today's split basis. Change compares each row with the same holder's previous filing in the same source; a dash means there is none to compare. Nested 13D/G, insider and fund rows are not summed, since a 13F report already holds them.
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