RF ACQUISITION CORP II (RFAI): Hedge Fund Ownership & Smart Money Signals (Q4 2025)

RF ACQUISITION CORP II (RFAI)

14 + Investors. Track Smart Money conviction in RFAI. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — RFAI

Based on 14 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 5Q

For 1 consecutive quarter, more hedge funds reduced or closed their RFAI positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

🔻

Below peak — only 40% of 1.5Y high

40% of all-time peak

Only 14 funds hold RFAI today versus a peak of 35 funds at 2024 Q4 — just 40% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.

📉

Outflows — 60% fewer funds vs a year ago

fund count last 6Q

21 fewer hedge funds hold RFAI compared to a year ago (-60% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.

🔴

Heavy selling pressure — only 16% buying

5 buying26 selling

Last quarter: 26 funds sold vs only 5 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

➡️

Steady new buyers — ~1 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 2 → 3 → 4 → 1. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔄

Mostly new holders — 29% entered in last year

■ 0% conviction (2yr+) ■ 71% medium ■ 29% new

Only 0 funds (0%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

💎

Buying through price weakness — shares -80%, value -99%

Value

-99%

-80%

Last quarter: funds added -80% more shares while total portfolio value only changed -99%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.

➡️

Steady discovery — ~1 new funds/quarter

9 → 2 → 3 → 4 → 1 new funds/Q

New funds entering each quarter: 2 → 3 → 4 → 1. Consistent flow of new institutional buyers without clear acceleration or slowdown.

📊

Mixed cohorts — 0% veterans, 36% new entrants

■ 0% veterans ■ 64% 1-2yr ■ 36% new

Of 14 current holders: 0 (0%) held 2+ years, 9 held 1–2 years, 5 (36%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.

📋

Smaller funds dominant — 13% AUM from top-100

13% from top-100 AUM funds

3 of 14 holders rank in the top 100 by AUM, but together hold only 13% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

2.4

out of 10

Low Exit Risk

Exit risk score 2.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2025 Q4)	Prior (2025 Q3)	Change
Funds Holding	14	30	-53.33%
13F Shares	2M	10M	-80.42%
Total Value	$21M	$2.92B	-99.29%
New Positions	1	4	-3
Increased Positions	4	5	-1
Closed Positions	17	2	+15
Reduced Positions	9	8	+1
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2025 Q4)

Prior (2025 Q3)

Change

Funds Holding

-53.33%

13F Shares

10M

-80.42%

Total Value

$21M

$2.92B

-99.29%

New Positions

-3

Increased Positions

-1

Closed Positions

+15

Reduced Positions

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

14 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in RFAI. Verified SEC 13F-HR filings.

FILTER:All New Added To Reduced No Change | Overweight >5% | SHOW: Active managers + show index funds

Top 14 institutional holders of RFAI — 2025 Q4 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Kepos Capital LP	1.79%	29,057	$316K
2	First Trust Capital Management L.P.	0.33%	514,506	$5.5M
3	BERKLEY W R CORP	0.15%	297,878	$3.2M
4	GLAZER CAPITAL, LLC	0.06%	199,986	$2.1M
5	Logan Stone Capital, LLC	0.05%	19,004	$206K
6	MIZUHO SECURITIES USA LLC	0.04%	229,362	$2.4M
7	AQR Arbitrage LLC	0.04%	170,331	$1.8M
8	WOLVERINE ASSET MANAGEMENT LLC	0.01%	150,750	$1.6M
9	Polar Asset Management Partners Inc.	0.01%	50,000	$538K
10	DEUTSCHE BANK AG\	0.00%	243,000	$2.6M
11	Clear Street Group Inc.	0.00%	9,179	$99K
12	GOLDMAN SACHS GROUP INC	0.00%	16,214	$174K
13	SUSQUEHANNA INTERNATIONAL GROUP, LLP	0.00%	16,150	$174K
14	MORGAN STANLEY	0.00%	564	$6K

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — RF ACQUISITION CORP II (RFAI)

What does the Smart Money Trend signal show for RFAI?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their RFAI positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for RFAI?

Heavy selling pressure — only 16% buying: Last quarter: 26 funds sold vs only 5 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

What is the fund quality score for RFAI holders?

Smaller funds dominant — 13% AUM from top-100: 3 of 14 holders rank in the top 100 by AUM, but together hold only 13% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held RFAI?

Mostly new holders — 29% entered in last year: Only 0 funds (0%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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RF ACQUISITION CORP II (RFAI)

Smart Money Signals — RFAI

Selling streak — 1 quarter in a row

Below peak — only 40% of 1.5Y high

Outflows — 60% fewer funds vs a year ago

Heavy selling pressure — only 16% buying

Steady new buyers — ~1 new funds per quarter

Mostly new holders — 29% entered in last year

Buying through price weakness — shares -80%, value -99%

Steady discovery — ~1 new funds/quarter

Mixed cohorts — 0% veterans, 36% new entrants

Smaller funds dominant — 13% AUM from top-100

Hedge Fund Ownership: RFAI

Market Analysis: RFAI

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: RFAI

Hedge Fund Positioning: RFAI

Statistics: RFAI

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — RF ACQUISITION CORP II (RFAI)

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