RF Acquisition RFAI Institutional Ownership

NASDAQ RFAI

$48.89 -2.20 (-4.47%)

As of: Aug 26, 2026 · 3:59 PM EDT

Institutions by Trading Activity

15 Institutions

Increased 4 26.7%

Unchanged 4 26.7%

Reduced 7 46.7%

Ownership Statistics

13F · as of 31 Mar, 2026

Institutional Ownership

92.02%

▼-1,238,325.03 pp QoQ

Shares Held by Institutions

4.45Mn

of 4.83Mn outstanding

▲+1.98% QoQ

Shares Outstanding

4.83Mn

385.67K held outside 13F filers

Institutional Investors

filed 13F for Mar 2026

■0 vs prior quarter

Net Shares Added (QoQ)

+86.36K

accumulated since last quarter

Value of Holdings

$226.90Mn

reported market value

Shares Owned by Institutions

Shares held % of outstanding

Latest —

Average ownership —

Peak ownership —

Shares Purchased/Sold by Institutions

Accumulated Distributed

Latest quarter —

Net over range —

Accumulating quarters —

Ownership Summary

Quarter ending 31 Mar, 2026

RF Acquisition Corp II (NASDAQ:RFAI) has 15 institutional investors with active 13F positions as of March 2026.

Their combined ownership stood at 92.0% of outstanding shares in March 2026, down from 1238417.0% in December 2025.
They increased total shares held in RF Acquisition by 1.98% from last quarter, and the number of investors in RFAI decreased 51.61% annually.
Of these 15 funds, 4 grew their exposure to RF Acquisition, 7 cut back, and 4 maintained positions.
Altogether, these fund groups held 4.45Mn shares in RFAI by March 2026, up by 86.36K shares quarter on quarter, and down 6.36Mn shares year over year.
As of March 31, 2026, Karpus Management, Inc. held the largest stake in RF Acquisition with 1.64Mn shares, accounting for 33.96% of total shares outstanding.
Leading buyers of RF Acquisition shares for the quarter ending March 2026 were MIZUHO SECURITIES USA LLC (503.02K), Berkley W R Corp (468.55K), Logan Stone Capital, LLC (8.63K), Clear Street Group Inc. (4.67K).
The biggest sellers of RF Acquisition for the quarter ending March 2026 included Karpus Management, Inc. (756.3K), GLAZER CAPITAL, LLC (103.49K), WOLVERINE ASSET MANAGEMENT LLC (16.28K), Goldman Sachs Group Inc (16.21K), SUSQUEHANNA INTERNATIONAL GROUP, LLP (4.49K).
According to Business Quant data, leading holders of RFAI for March 2026 are Karpus Management, Inc. (1.64Mn), Berkley W R Corp (766.42K), MIZUHO SECURITIES USA LLC (732.38K), First Trust Capital Management L.P. (514.51K), DEUTSCHE BANK AG\ (243.0K), AQR Arbitrage LLC (169.1K), WOLVERINE ASSET MANAGEMENT LLC (134.47K), GLAZER CAPITAL, LLC (96.5K), Polar Asset Management Partners Inc. (50.0K), Kepos Capital LP (29.06K).

Form 13F Holdings

15 Institutional Holders

Report period 31 Mar, 2026

Total shares held 4.45Mn

Of outstanding 92.02%

#	Institution	CIK	Shares Held	% of Outstanding	Change (QoQ)	Change (%)	Value (USD)
1	Karpus Management, Inc.	0001048703	1,640,733	33.96%	▼756,300	-31.55%	$17.88Mn
2	Berkley W R Corp	0000011544	766,425	15.86%	▲468,547	+157.29%	$8.37Mn
3	MIZUHO SECURITIES USA LLC	0000812291	732,379	15.16%	▲503,017	+219.31%	$7.97Mn
4	First Trust Capital Management L.P.	0001604488	514,506	10.65%	0	0.00%	$5.61Mn
5	DEUTSCHE BANK AG\	0000948046	243,000	5.03%	0	0.00%	$2.65Mn
6	AQR Arbitrage LLC	0001167456	169,100	3.50%	▼1,231	-0.72%	$1.85Mn
7	WOLVERINE ASSET MANAGEMENT LLC	0001279891	134,466	2.78%	▼16,284	-10.80%	$1.47Mn
8	GLAZER CAPITAL, LLC	0001076809	96,496	2.00%	▼103,490	-51.75%	$1.05K
9	Polar Asset Management Partners Inc.	0001326389	50,000	1.03%	0	0.00%	$545.00K
10	Kepos Capital LP	0001512020	29,057	0.60%	0	0.00%	$317
11	Logan Stone Capital, LLC	0001535521	27,630	0.57%	▲8,626	+45.39%	$301.58K
12	Goldman Sachs Group Inc	0000886982	16,214	0.34%	▼16,214	-50.00%	$176.73K
13	Clear Street Group Inc.	0001881567	13,851	0.29%	▲4,672	+50.90%	$150.98K
14	SUSQUEHANNA INTERNATIONAL GROUP, LLP	0001446194	11,657	0.24%	▼4,493	-27.82%	$127.41K
15	Morgan Stanley	0000895421	77	0.00%	▼487	-86.35%	$839