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Rimini Street
RMNI

58 hedge funds and large institutions have $157M invested in Rimini Street in 2020 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 22 increasing their positions, 16 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 2 → 4 (+2)

38% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 16

22% more capital invested

Capital invested by funds: $128M → $157M (+$28.3M)

2.24% more ownership

Funds ownership: 49.23% → 51.46% (+2.2%)

0% more funds holding

Funds holding: 58 → 58 (0)

0% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 10

Holders
58
Holders Change
–
Holders Change %
0%
% of All Funds
1.28%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.09%
New
10
Increased
22
Reduced
16
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CC
Cannell Capital
Wyoming
+$4.84M
2
VC
Voss Capital
Texas
+$3.4M
3
RCG
Rock Creek Group
District of Columbia
+$1.75M
4
JP Morgan Chase
JP Morgan Chase
New York
+$1.2M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$953K

Top Sellers

Rank Fund Capital Flow
1
KCM
Kingstown Capital Management
New York
-$3.49M
2
Morgan Stanley
Morgan Stanley
New York
-$199K
3
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
-$198K
4
CAC
Cowen and Company
New York
-$157K
5
SIM
Spark Investment Management
New York
-$154K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
51
Bank of America
North Carolina
$18K -$8.9K -2,000 -31%
Legal & General Group
52
Legal & General Group
United Kingdom
$13K -$3.75K -843 -20%
MAM
53
Meeder Asset Management
Ohio
$9K +$10.8K +2,433 New
New York State Teachers Retirement System (NYSTRS)
54
New York State Teachers Retirement System (NYSTRS)
New York
$7K +$8.01K +1,800 New
PAM
55
Panagora Asset Management
Massachusetts
$5K – – –
AIP
56
Ameritas Investment Partners
Nebraska
$3K – – –
KCM
57
Kingstown Capital Management
New York
– -$3.49M -900,000 Closed
CAC
58
Cowen and Company
New York
– -$157K -40,545 Closed
SIM
59
Spark Investment Management
New York
– -$154K -39,800 Closed
OAM
60
Oxford Asset Management
United Kingdom
– -$145K -37,368 Closed
Millennium Management
61
Millennium Management
New York
– -$120K -30,859 Closed
PTC
62
Petrus Trust Company
Texas
– -$75K -19,267 Closed
RCG
63
Ruane, Cunniff & Goldfarb
New York
– -$39K -10,119 Closed
PCM
64
Prelude Capital Management
New York
– -$21K -5,401 Closed
Bank of Montreal
65
Bank of Montreal
Ontario, Canada
– -$10K -2,627 Closed
Royal Bank of Canada
66
Royal Bank of Canada
Ontario, Canada
– -$4.45K -999 -91%
TRCT
67
Tower Research Capital (TRC)
New York
– -$1K -173 Closed
1 2
3

RMNI Hedge Fund Activity: Q1 2020 in Review

58 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Rimini Street (RMNI) for Q1 2020, worth a combined $157M — up 22% from $128M a quarter earlier.

Fund positioning in RMNI was balanced in Q1 2020: 10 funds opened new positions, 10 closed out, 22 added to existing stakes and 16 trimmed.

The largest buyer was Cannell Capital, opening a new position worth an estimated $4.84M. The largest seller was Kingstown Capital Management, exiting entirely with an estimated $3.49M sold.

  • 58 institutional investors held Rimini Street (RMNI) as of Q1 2020, unchanged from Q4 2019.
  • Funds reported $157M of Rimini Street stock for Q1 2020, up 22% quarter-over-quarter.
  • 10 funds opened new Rimini Street positions in Q1 2020 and 10 closed out, a net change of 0 holders.
  • The largest Rimini Street buyer in Q1 2020 was Cannell Capital, an estimated $4.84M added.
  • The largest Rimini Street seller in Q1 2020 was Kingstown Capital Management, an estimated $3.49M sold.

Based on aggregated 13F filings for Q1 2020.