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Armada Acquisition Corp. II

XRPN
Exchange
Nasdaq
Industry
Blank Checks
SEC CIK
0002044009

No open-market purchases or sales by Armada Acquisition Corp. II insiders were filed in the last 90 days; 67 institutions reported holding it in 13F filings for Q2 2026, worth $273.6M in total; no superinvestor holds it.

Other share classesXRPNUXRPNW

13F holders, Q4 2025

Institutional positions in Armada Acquisition Corp. II as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
64
+16 vs. Q3 2025
Shares held
26.4M
+6.48M (+32.5%) vs. Q3 2025
Total value
$270.5M
+$62.5M (+30.1%) vs. Q3 2025
New holders
23
10 more added
Sold out
7
12 more reduced

1 institution that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting XRPN on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 64 institutions
Q1 2021: 0 institutionsQ2 2021: 0 institutionsQ3 2021: 0 institutionsQ4 2021: 0 institutionsQ1 2022: 0 institutionsQ2 2022: 0 institutionsQ3 2022: 0 institutionsQ4 2022: 0 institutionsQ1 2023: 0 institutionsQ2 2023: 0 institutionsQ3 2023: 0 institutionsQ4 2023: 0 institutionsQ1 2024: 0 institutionsQ2 2024: 0 institutionsQ3 2024: 0 institutionsQ4 2024: 0 institutionsQ1 2025: 0 institutionsQ2 2025: 33 institutionsQ3 2025: 49 institutionsQ4 2025: 64 institutionsQ1 2026: 64 institutionsQ2 2026: 67 institutions
Value heldQ4 2025: $270.5M
Q1 2021: $0Q2 2021: $0Q3 2021: $0Q4 2021: $0Q1 2022: $0Q2 2022: $0Q3 2022: $0Q4 2022: $0Q1 2023: $0Q2 2023: $0Q3 2023: $0Q4 2023: $0Q1 2024: $0Q2 2024: $0Q3 2024: $0Q4 2024: $0Q1 2025: $0Q2 2025: $128.6MQ3 2025: $208.5MQ4 2025: $270.5MQ1 2026: $264.8MQ2 2026: $273.6M
Institutions holding XRPN and their total value by quarter
QuarterHoldersValue
Q2 202667$273.6M
Q1 202664$264.8M
Q4 202564$270.5M
Q3 202549$208.5M
Q2 202533$128.6M
Q1 20250$0
Q4 20240$0
Q3 20240$0
Q2 20240$0
Q1 20240$0
Q4 20230$0
Q3 20230$0
Q2 20230$0
Q1 20230$0
Q4 20220$0
Q3 20220$0
Q2 20220$0
Q1 20220$0
Q4 20210$0
Q3 20210$0
Q2 20210$0
Q1 20210$0

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Armada Acquisition Corp. II; share changes are against Q3 2025.

Institutions holding XRPN in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Arrington Capital Management, LLC5,796,000$59.4M65.28%+5,796,000New
Meteora Capital, LLC2,974,719$30.5M2.55%+1,193,634+67.0%Added
Tenor Capital Management Co., L.P.2,185,000$22.4M0.32%+685,000+45.7%Added
CNH Partners LLC1,103,854$11.3M0.24%−4,528−0.4%Reduced
Toronto Dominion Bank850,000$8.70M0.02%+281,300+49.5%Added
Westchester Capital Management, LLC833,400$8.53M0.40%+200,000+31.6%Added
Magnetar Financial LLC814,266$8.34M0.08%00.0%Unchanged
Linden Advisors LP800,000$8.19M0.05%00.0%Unchanged
LMR Partners LLP800,000$8.19M0.08%00.0%Unchanged
Two Sigma Investments, LP664,583$6.81M0.01%00.0%Unchanged
Polar Asset Management Partners Inc.600,000$6.14M0.12%00.0%Unchanged
Berkley W R Corp551,981$5.65M0.32%+211,591+62.2%Added
Karpus Management, Inc.547,500$5.61M0.17%00.0%Unchanged
Rivernorth Capital Management, LLC506,216$5.18M0.25%−1170.0%Reduced
Aristeia Capital LLC500,000$5.12M0.15%00.0%Unchanged
Radcliffe Capital Management, L.P.466,789$4.78M0.26%−12,402−2.6%Reduced
Vivaldi Asset Management, LLC458,864$4.70M0.28%−41,136−8.2%Reduced
Millennium Management LLC432,250$4.43M0.00%+133,746+44.8%Added
Goldman Sachs Group Inc365,976$3.75M0.00%−372−0.1%Reduced
Context Capital Management, LLC350,000$3.58M0.09%00.0%Unchanged
Clear Street Group Inc.291,625$2.99M0.02%+263,363+931.9%Added
Mint Tower Capital Management B.V.250,000$2.56M0.32%00.0%Unchanged
Sculptor Capital LP250,000$2.56M0.03%+250,000New
SkyView Investment Advisors, LLC250,000$2.56M0.32%+250,000New
Hudson Bay Capital Management LP213,437$2.19M0.01%−400,563−65.2%Reduced
Glazer Capital, LLC205,012$2.10M0.06%−44,988−18.0%Reduced
Periscope Capital Inc.200,000$2.05M0.40%−100,000−33.3%Reduced
Shaolin Capital Management LLC200,000$2.05M0.08%−100,000−33.3%Reduced
Picton Mahoney Asset Management200,000$2.05M0.02%00.0%Unchanged
Whitebox Advisors LLC200,000$2.05M0.03%00.0%Unchanged
Moore Capital Management, LP200,000$2.05M0.04%00.0%Unchanged
Commonwealth of Pennsylvania Public School Empls Retrmt Sys200,000$2.05M0.01%+200,000New
DLD Asset Management, LP199,130$2.04M0.21%+199,130New
Heights Capital Management, Inc191,267$1.96M0.74%00.0%Unchanged
UBS Oconnor LLC150,000$1.54M0.04%00.0%Unchanged
Cable Car Capital LLC150,000$1.54M0.10%00.0%Unchanged
Walleye Capital LLC150,000$1.54M0.01%+150,000New
Citadel Advisors LLC148,682$1.52M0.00%−45,226−23.3%Reduced
Quarry LP147,423$1.51M0.25%+147,423New
Boothbay Fund Management, LLC112,262$1.15M0.03%+64,185+133.5%Added
Wolverine Asset Management LLC103,287$1.06M0.02%−55,752−35.1%Reduced
Bulldog Investors, LLP100,000$1.02M0.23%00.0%Unchanged
Citigroup Inc100,000$1.02M0.00%+100,000New
Commonwealth Equity Services, LLC82,910$849.0K0.00%+82,910New
Steadfast Capital Management LP80,000$819.2K0.01%00.0%Unchanged
Cambridge Investment Research Advisors, Inc.75,131$769.0K0.00%+75,131New
CSS LLC70,068$717.5K0.04%00.0%Unchanged
Diametric Capital, LP58,498$599.0K0.16%+58,498New
Morgan Stanley50,574$517.9K0.00%+50,506+74,273.5%Added
Schonfeld Strategic Advisors LLC50,069$512.7K0.00%+27,569+122.5%Added
JPMorgan Chase & Co49,873$510.7K0.00%−189,967−79.2%Reduced
Virtu Financial LLC27,588$283.0K0.01%+27,588New
Geode Capital Management, LLC15,116$154.8K0.00%00.0%Unchanged
Prelude Capital Management, LLC14,555$149.0K0.01%+14,555New
Mann Financial Group, Inc.12,450$127.5K0.12%+12,450New
HRT Financial LP10,981$112.0K0.00%+10,981New
Huntington National Bank2,501$25.6K0.00%+2,501New
Caitlin John, LLC1,600$16.4K0.01%+1,600New
FNY Investment Advisers, LLC798$8.00K0.00%+798New
Advisor Group Holdings, Inc.600$6.14K0.00%+600New
Glass Jacobson Investment Advisors llc582$5.96K0.00%+582New
EverSource Wealth Advisors, LLC250$2.56K0.00%+250New
Stone House Investment Management, LLC100$1.02K0.00%+100New
Global Retirement Partners, LLC50$5120.00%+50New
Harraden Circle Investments, LLC0$00.00%−1,256,800−100.0%Sold out
Healthcare of Ontario Pension Plan Trust Fund0$00.00%−700,000−100.0%Sold out
Wealthspring Capital LLC0$00.00%−486,740−100.0%Sold out
Verition Fund Management LLC0$00.00%−219,335−100.0%Sold out
Mizuho Securities USA LLC0$00.00%−175,100−100.0%Sold out
Driehaus Capital Management LLC0$00.00%−150,000−100.0%Sold out
Cantor Fitzgerald, L. P.0$00.00%−28,364−100.0%Sold out
Atw Spac Management LLC––––Not filed