Rising Dragon Acquisition Corp. (RDACU)

Accumulating

Strong institutional accumulation: ownership increased +14.77% quarter-over-quarter.

Data as of Q1 2026

Institutional Ownership

70.64%

QoQ Change

+14.77%

Total Value

$607.7M

Shares Outstanding

6.0M

Crowding AnalysisModerate

Holders15of 5,944

Avg: 68

Uncrowded73th percentileCrowded

Institutional Activity

Buy/Sell Ratio0.33x

31th percentile

3 buying9 selling

New

-4

Closed

-769,729

Net shares

Holding Period Distribution

estimate

Median: 4 QAvg: 3.8 QHolders: 15

Ownership Concentration

Top 5: 99.6%Top 10: 148.1%

Harraden Circle Investments,28.7%

RIVERNORTH CAPITAL MANAGEMENT,23.5%

Karpus Management,17.5%

AQR Arbitrage16.4%

Clear Street Group13.4%

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Conviction-Weighted Ownership

Median weight: 0.05%Avg weight: 0.08%Max: 0.26%High conviction (>1%): 0

Harraden Circle Investments,

RIVERNORTH CAPITAL MANAGEMENT,

Karpus Management,

AQR Arbitrage

Clear Street Group

Polar Asset Management Partners

D. E. Shaw & Co.,

TORONTO DOMINION BANK

Westchester Capital Management,

GLAZER CAPITAL,

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Whale Moves Timeline (5 Quarters)

Biggest dollar-value position changes among top 10 holders

NEWWestchester Capital Management$4M368K shr

SOLDAQR Arbitrage$59K11K shr

SOLDTORONTO DOMINION BANK$5K32K shr

SOLDGLAZER CAPITAL$43042K shr

NEWGLAZER CAPITAL$3.4B375K shr

SOLDAQR Arbitrage$744K140K shr

SOLDKarpus Management$144K14K shr

SOLDPolar Asset Management Partners$120K500K shr

BOUGHTClear Street Group$54K65K shr

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Institutional Trends (6 Quarters)

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Institutional Holders

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