Rimini Street
RMNI
36 hedge funds and large institutions have $141M invested in Rimini Street in 2018 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 15 increasing their positions, 9 reducing their positions, and 3 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 9
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.45% less ownership
Funds ownership: 43.8% → 43.35% (-0.45%)
5% less funds holding
Funds holding: 38 → 36 (-2)
18% less capital invested
Capital invested by funds: $173M → $141M (-$32M)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$168K |
| 2 |
BlackRock
New York
|
+$101K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$97.9K |
| 4 |
RhumbLine Advisers
Boston,
Massachusetts
|
+$64.6K |
| 5 |
State Street
Boston,
Massachusetts
|
+$60.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$330K |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$200K |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$99.4K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$71.1K |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$51.3K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIG
26
American International Group
New York
| $35K | +$1.92K | +331 | +5% |
|
27
Bank of America
Charlotte,
North Carolina
| $29K | +$20.4K | +3,516 | +162% |
|
28
Citigroup
New York
| $14K | +$203 | +35 | +1% |
|
29
JP Morgan Chase
New York
| $14K | +$2.21K | +381 | +17% |
|
30
Legal & General Group
London,
United Kingdom
| $8K | – | – | – |
|
|
RFM
31
Royal Fund Management
Lady Lake,
Florida
| $5K | – | – | – |
|
|
AIP
32
Ameritas Investment Partners
Lincoln,
Nebraska
| $4K | – | – | – |
|
|
33
Marshall Wace
London,
United Kingdom
| $2K | -$200K | -34,397 | -99% |
|
34
Bank of Montreal
Toronto,
Ontario, Canada
| $1K | +$499 | +86 | +126% |
|
35
BNP Paribas Financial Markets
Paris,
France
| $891 | -$853 | -147 | -46% |
|
36
Barclays
London,
United Kingdom
| – | -$23K | -3,665 | Closed |
|
|
MAM
37
Meeder Asset Management
Dublin,
Ohio
| – | -$6K | -939 | Closed |
|
38
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$1.98K | -342 | -82% |
|
|
LTFS
39
Ladenburg Thalmann Financial Services
Miami,
Florida
| – | -$1K | -204 | Closed |
|
RMNI Hedge Fund Activity: Q4 2018 in Review
36 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Rimini Street (RMNI) for Q4 2018, worth a combined $141M — down 18% from $173M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of RMNI and 1 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 15 added.
The largest buyer was Renaissance Technologies, adding an estimated $168K. The largest seller was Morgan Stanley, cutting an estimated $330K.
- 36 institutional investors held Rimini Street (RMNI) as of Q4 2018, down from 38 in Q3 2018.
- Funds reported $141M of Rimini Street stock for Q4 2018, down 18% quarter-over-quarter.
- 1 fund opened new Rimini Street positions in Q4 2018 and 3 closed out, a net change of -2 holders.
- The largest Rimini Street buyer in Q4 2018 was Renaissance Technologies, an estimated $168K added.
- The largest Rimini Street seller in Q4 2018 was Morgan Stanley, an estimated $330K sold.
Based on aggregated 13F filings for Q4 2018.