RF Acquisition Corp II (RFAI) Institutional Ownership

Institutions by Trading Activity

Ownership Statistics

14,030,400Shares Outstanding

0Shares held by institutions

$0Value of institutional holdings

30.95%Institutional ownership %

-42.34%Shares Changed QoQ

15No. of institutional investors

Shares Owned by Institutions

Shares Purchased/Sold by Institutions

Ownership Summary

According to SEC filings for the period ending December 2025, RF Acquisition Corp II (NASDAQ:RFAI) is held by 15 institutional firms.

The percentage of RF Acquisition owned by institutions changed from 67.3% in September 2025 to 31.0% in December 2025, marking a slight down trend.
In percentage terms, this reflects as a holdings change of -42.34% quarter on quarter, and a decrease of 58.33% year over year.
The latest 13F cycle for RF Acquisition reveals that of 15 total investors, 5 funds grew their exposure, whereas 10 reduced theirs and 0 made no changes.
The aggregate institutional position in RF Acquisition now stands at 4.34Mn shares as of December 2025, after investors decreased their holdings (down by 3.19Mn shares quarter on quarter which is down 5.33Mn shares year over year).
Karpus Management, Inc. continues to be the largest institutional holder of RF Acquisition as of December 31, 2025, with a position of 2.40Mn shares, representing 17.08% of the company's outstanding stock.
Among the most significant buyers of RF Acquisition during December 2025 were MIZUHO SECURITIES USA LLC (73.34K), Logan Stone Capital, LLC (19.00K), Clear Street Group Inc. (8.98K), SUSQUEHANNA INTERNATIONAL GROUP, LLP (3.81K), MORGAN STANLEY (40).
Leading sellers of RF Acquisition stock in 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. (400.00K).
The top 10 institutional holders of RF Acquisition for the quarter ending December 2025 included Karpus Management, Inc. (2.40Mn), First Trust Capital Management L.P. (514.51K), BERKLEY W R CORP (297.88K), DEUTSCHE BANK AG\ (243.00K), 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. (50.00K), Kepos Capital LP (29.06K).

15 Institutional Holders

0 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
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
GOLDMAN SACHS GROUP INC	31 Dec, 2025	16,214	-57,344	-77.96%	$173,976.00
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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