RF Acquisition Corp II $RFAI Shares Sold by AQR Arbitrage LLC

Key Points

• AQR Arbitrage LLC reduced its stake in RF Acquisition Corp II by 3.7%, owning approximately 5.22% of the company after selling 30,000 shares in the first quarter.
• Other hedge funds have varied their positions, with Mizuho Securities USA increasing its stake by 159.8% and Toronto Dominion Bank entering with a new position worth $3,050,000 in the fourth quarter.
• RF Acquisition Corp II's stock opened at $10.64 with a 1-year price range between $10.10 and $10.62, indicating stable performance around its initial public offering price.

AQR Arbitrage LLC cut its stake in RF Acquisition Corp II (NASDAQ:RFAI - Free Report) by 3.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 783,982 shares of the company's stock after selling 30,000 shares during the period. AQR Arbitrage LLC owned about 5.22% of RF Acquisition Corp II worth $8,153,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wolverine Asset Management LLC boosted its holdings in RF Acquisition Corp II by 6.4% in the first quarter. Wolverine Asset Management LLC now owns 630,855 shares of the company's stock valued at $6,545,000 after purchasing an additional 38,065 shares during the period. D. E. Shaw & Co. Inc. raised its stake in RF Acquisition Corp II by 18.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 541,134 shares of the company's stock valued at $5,530,000 after buying an additional 85,000 shares in the last quarter. Toronto Dominion Bank acquired a new stake in RF Acquisition Corp II in the fourth quarter valued at $3,050,000. Mizuho Securities USA LLC raised its stake in RF Acquisition Corp II by 159.8% in the first quarter. Mizuho Securities USA LLC now owns 66,939 shares of the company's stock valued at $693,000 after buying an additional 41,169 shares in the last quarter. Finally, Tidal Investments LLC acquired a new stake in RF Acquisition Corp II in the fourth quarter valued at $131,000.

RF Acquisition Corp II Stock Up 1.2%

RF Acquisition Corp II stock traded up $0.13 during midday trading on Friday, reaching $10.74. The company's stock had a trading volume of 19,200 shares, compared to its average volume of 2,473. RF Acquisition Corp II has a fifty-two week low of $10.10 and a fifty-two week high of $10.62. The business has a 50-day simple moving average of $10.59 and a 200-day simple moving average of $10.49.

RF Acquisition Corp II Company Profile

RF Acquisition Corp. II operates as a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded on February 5, 2024, and is headquartered in Singapore.