Armada Acquisition Corp.
AACI • NASDAQ
Armada Acquisition Corp. is a shell companies company in the financial services sector on NASDAQ, led by Stephen P. Herbert, with a market cap of $325.1M. As of Q3 2025, 2% of shares are held by 2 institutional investors, with Wealthspring Capital LLC as the largest holder at 1.54%.
CEOStephen P. Herbert
Market Cap$325.1M
Shell Companies
Financial Services
Websitearmadaacq.com
Country
United States of America
Overview
Overview of institutional ownership in AACI as of Q3 2025 with a market cap of $329.6M
All Institutions
- Institutions
- 2
- Value Held
- $6.7M
- Shares Held
- 645.8K
- Avg Position
- $3.4M
- Median Position
- $3.4M
Hedge Funds
- Hedge Funds
- 2
- Value Held
- $6.7M
- Shares Held
- 645.8K
- Avg Position
- $3.4M
- Median Position
- $3.4M
Ownership Breakdown
Based on market cap of $329.6M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.
Biggest Investors
Institutions with the largest positions in AACI as of Q3 2025
| Institution | Position Value |
|---|---|
 Wealthspring Capital LLC Hedge Fund•Event Driven | $5.1M 1.43% of portfolio |
 WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy | $1.7M 0.11% of portfolio |
 Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy | - 0.00% of portfolio |
 DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven | - 0.00% of portfolio |
 BOOTHBAY FUND MANAGEMENT, LLC Fund of Funds | - 0.00% of portfolio |
C CSS LLC/IL Institution | - 0.00% of portfolio |
 GLAZER CAPITAL, LLC Hedge Fund•Multi-Strategy | - 0.00% of portfolio |
 Weiss Asset Management LP Hedge Fund•Multi-Strategy | - 0.00% of portfolio |
 ARISTEIA CAPITAL LLC Hedge Fund•Multi-Strategy | - 0.00% of portfolio |
 Magnetar Financial LLC Hedge Fund•Multi-Strategy | - 0.00% of portfolio |
Net Capital Flow
Institutional buying and selling activity for AACI in Q3 2025
- Traded
- −$115.1M
- Buyers
- 1
- Sellers
- 31
- Total Bought
- +$5.1M
- Total Sold
- −$120.2M
- Avg Position
- $210.6K
Biggest Buyers
| Institution | Net Bought |
|---|---|
Wealthspring Capital LLC Hedge Fund•Event Driven | +$5.1M +486.7K shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy | −$8.4M −800.8K shares |
Magnetar Financial LLC Hedge Fund•Multi-Strategy | −$8.2M −814.3K shares |
 LINDEN ADVISORS LP Hedge Fund•Multi-Strategy | −$8.0M −800.0K shares |
L LMR Partners LLP Institution | −$8.0M −800.0K shares |
H | −$7.0M −700.0K shares |
 Verition Fund Management LLC Hedge Fund•Multi-Strategy | −$6.8M −677.8K shares |
 TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy | −$6.7M −664.6K shares |
GLAZER CAPITAL, LLC Hedge Fund•Multi-Strategy | −$6.4M −640.1K shares |
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy | −$6.2M −614.0K shares |
 Polar Securities Inc. Hedge Fund•Multi-Strategy | −$6.0M −600.0K shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited AACI in Q3 2025
- New Positions
- 1
- New Value
- $5.1M
- Exited Positions
- 30
- Exited Value
- $111.9M
New Positions
| Institution | Position Value |
|---|---|
Wealthspring Capital LLC Hedge Fund•Event Driven | $5.1M 486.7K shares |
Exited Positions
| Institution | Previous Position |
|---|---|
Magnetar Financial LLC Hedge Fund•Multi-Strategy | $8.2M 814.3K shares |
LINDEN ADVISORS LP Hedge Fund•Multi-Strategy | $8.0M 800.0K shares |
L LMR Partners LLP Institution | $8.0M 800.0K shares |
H | $7.0M 700.0K shares |
Verition Fund Management LLC Hedge Fund•Multi-Strategy | $6.8M 677.8K shares |
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy | $6.7M 664.6K shares |
GLAZER CAPITAL, LLC Hedge Fund•Multi-Strategy | $6.4M 640.1K shares |
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy | $6.2M 614.0K shares |
Polar Securities Inc. Hedge Fund•Multi-Strategy | $6.0M 600.0K shares |
 Shaolin Capital Management LLC Hedge Fund•Multi-Strategy | $5.5M 550.0K shares |
Options Activity
Institutions with the largest Call and Put options positions in AACI as of Q3 2025
- Call Positions
- 0
- Call Value
- -
- Put Positions
- 0
- Put Value
- -
Call Positions
| Institution | Position Value |
|---|---|
| No call positions found | |
Put Positions
| Institution | Position Value |
|---|---|
| No put positions found | |
Most Committed Institutions
Institutions with AACI as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
Wealthspring Capital LLC Hedge Fund•Event Driven | 1.43% $5.1M |
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy | 0.11% $1.7M |
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy | 0.00% - |
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven | 0.00% - |
BOOTHBAY FUND MANAGEMENT, LLC Fund of Funds | 0.00% - |
C CSS LLC/IL Institution | 0.00% - |
GLAZER CAPITAL, LLC Hedge Fund•Multi-Strategy | 0.00% - |
Weiss Asset Management LP Hedge Fund•Multi-Strategy | 0.00% - |
ARISTEIA CAPITAL LLC Hedge Fund•Multi-Strategy | 0.00% - |
Magnetar Financial LLC Hedge Fund•Multi-Strategy | 0.00% - |
Hedge Fund Spotlight
Discover hedge funds investing in AACI
WOLVERINE ASSET MANAGEMENT LLC
Hedge Fund • Multi-Strategy
Portfolio ManagerChristopher Lazarus Gust
- Portfolio Value
- $1.5B
- Positions
- 859
- Last Reported
- Q3 2025
Sector Allocation
Position in Armada Acquisition Corp.
- Market Value
- $1.7M
- Shares Held
- 159.0K
- Portfolio Weight
- 0.11%
- Owned Since
- 2025-Q2
| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
Medical - Healthcare Information Services Healthcare | $56.2M | 3.82% | |
ETF ETF | $36.0M | 2.45% | |
Unknown Unknown | $26.9M | 1.83% |
