Westchester Capital Management LLC Buys 175,000 Shares of Inflection Point Acquisition Corp. II (NASDAQ:IPXX)

Westchester Capital Management LLC grew its position in Inflection Point Acquisition Corp. II (NASDAQ:IPXX) by 7.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,467,793 shares of the company’s stock after purchasing an additional 175,000 shares during the period. Inflection Point Acquisition Corp. II comprises about 1.1% of Westchester Capital Management LLC’s portfolio, making the stock its 18th largest position. Westchester Capital Management LLC owned about 0.08% of Inflection Point Acquisition Corp. II worth $26,504,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IPXX. Cowen AND Company LLC raised its position in Inflection Point Acquisition Corp. II by 55.2% in the second quarter. Cowen AND Company LLC now owns 405,958 shares of the company’s stock worth $4,303,000 after acquiring an additional 144,367 shares during the period. Wolverine Asset Management LLC raised its stake in shares of Inflection Point Acquisition Corp. II by 20,059.0% in the second quarter. Wolverine Asset Management LLC now owns 462,850 shares of the company’s stock valued at $4,906,000 after buying an additional 460,554 shares during the period. Shaolin Capital Management LLC bought a new position in shares of Inflection Point Acquisition Corp. II during the 2nd quarter worth $6,229,000. Berkley W R Corp increased its holdings in Inflection Point Acquisition Corp. II by 636.0% in the 2nd quarter. Berkley W R Corp now owns 1,095,681 shares of the company’s stock worth $11,614,000 after acquiring an additional 946,805 shares during the last quarter. Finally, Picton Mahoney Asset Management increased its stake in shares of Inflection Point Acquisition Corp. II by 28.6% in the second quarter. Picton Mahoney Asset Management now owns 1,125,000 shares of the company’s stock worth $11,925,000 after purchasing an additional 250,000 shares in the last quarter.

Inflection Point Acquisition Corp. II Stock Up 6.2 %

IPXX opened at $11.49 on Friday. Inflection Point Acquisition Corp. II has a 12 month low of $10.27 and a 12 month high of $11.00. The company has a 50 day moving average of $10.77 and a 200 day moving average of $10.67.

Inflection Point Acquisition Corp. II Company Profile

Inflection Point Acquisition Corp. II does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2023 and is based in New York, New York.