RF Acquisition Corp II (RFAI) Institutional Ownership

Institutions by Trading Activity

Ownership Statistics

14,153,786Shares Outstanding

4,359,228Shares held by institutions

$47,602,770Value of institutional holdings

30.80%Institutional ownership %

-42.12%Shares Changed QoQ

15No. of institutional investors

Shares Owned by Institutions

Shares Purchased/Sold by Institutions

Ownership Summary

RF Acquisition Corp II (NASDAQ:RFAI) has 15 institutional investors that have filed 13F reports for the period ending December 2025.

These investors held 30.7% of outstanding shares in December 2025, down from 67.7% in September 2025.
Their total shares held in RFAI decreased -42.34% quarter over quarter, and separately, investors owning RF Acquisition decreased 58.33% from a year ago.
During the quarter, 5 of these 15 funds increased positions in RFAI, 10 reduced exposure, and 0 held steady.
Institutional investors collectively held 4.34Mn shares in RF Acquisition as of December 2025, down by 3.19Mn shares quarter on quarter, and down 7.38Mn shares year over year.
As of December 31, 2025, the biggest holder of RF Acquisition is Karpus Management, Inc. at 2.4Mn shares, representing 16.94% of shares outstanding.
The biggest buyers of RF Acquisition for the quarter ending December 2025 included MIZUHO SECURITIES USA LLC (73.34K), Logan Stone Capital, LLC (19.0K), Clear Street Group Inc. (8.98K), SUSQUEHANNA INTERNATIONAL GROUP, LLP (3.81K), Morgan Stanley (40).
The biggest sellers of RF Acquisition for the quarter ending December 2025 included WOLVERINE ASSET MANAGEMENT LLC (701.22K), Berkley W R Corp (639.97K), AQR Arbitrage LLC (602.65K), First Trust Capital Management L.P. (514.61K), Polar Asset Management Partners Inc. (400.0K).
RF Acquisition's 10 largest shareholders as of December 2025 include Karpus Management, Inc. (2.4Mn), First Trust Capital Management L.P. (514.51K), Berkley W R Corp (297.88K), DEUTSCHE BANK AG\ (243.0K), MIZUHO SECURITIES USA LLC (229.36K), GLAZER CAPITAL, LLC (199.99K), AQR Arbitrage LLC (170.33K), WOLVERINE ASSET MANAGEMENT LLC (150.75K), Polar Asset Management Partners Inc. (50.0K), Goldman Sachs Group Inc (32.43K) per Business Quant data.

15 Institutional Holders

4,359,228 Total Shares Held

Rows:

Download Data

Owner Name	Date	Shares Held	Change (QoQ)	Change (%)	Value (USD)
Karpus Management, Inc.	31 Dec, 2025	2,397,033	-8,550	-0.36%	$25,720,164.00
First Trust Capital Management L.P.	31 Dec, 2025	514,506	-514,608	-50.00%	$5,530,940.00
Berkley W R Corp	31 Dec, 2025	297,878	-639,967	-68.24%	$3,196,231.00
DEUTSCHE BANK AG\	31 Dec, 2025	243,000	-50,000	-17.06%	$2,607,390.00
MIZUHO SECURITIES USA LLC	31 Dec, 2025	229,362	73,343	47.01%	$2,442,705.00
GLAZER CAPITAL, LLC	31 Dec, 2025	199,986	-318,931	-61.46%	$2,146.00
AQR Arbitrage LLC	31 Dec, 2025	170,331	-602,651	-77.96%	$1,836,168.00
WOLVERINE ASSET MANAGEMENT LLC	31 Dec, 2025	150,750	-701,224	-82.31%	$1,625,085.00
Polar Asset Management Partners Inc.	31 Dec, 2025	50,000	-400,000	-88.89%	$537,500.00
Goldman Sachs Group Inc	31 Dec, 2025	32,428	-41,130	-55.92%	$347,952.00
Kepos Capital LP	31 Dec, 2025	29,057	-943	-3.14%	$316.00
Logan Stone Capital, LLC	31 Dec, 2025	19,004	19,004	0.00%	$206,478.00
SUSQUEHANNA INTERNATIONAL GROUP, LLP	31 Dec, 2025	16,150	3,808	30.85%	$174,097.00
Clear Street Group Inc.	31 Dec, 2025	9,179	8,978	4,466.67%	$98,674.00
Morgan Stanley	31 Dec, 2025	564	40	7.63%	$6,052.00

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