Rimini Street
RMNI
110 hedge funds and large institutions have $235M invested in Rimini Street in 2022 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 42 increasing their positions, 39 reducing their positions, and 23 closing their positions.
8% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 39
1.91% less ownership
Funds ownership: 72.64% → 70.73% (-1.9%)
10% less funds holding
Funds holding: 122 → 110 (-12)
21% less capital invested
Capital invested by funds: $296M → $235M (-$61.4M)
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
48% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 23
60% less call options, than puts
Call options by funds: $38K | Put options by funds: $95K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$4.21M |
| 2 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
+$3.1M |
| 3 |
VC
Voss Capital
Houston,
Texas
|
+$2.36M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.44M |
| 5 |
PRCP
Pacific Ridge Capital Partners
Lake Oswego,
Oregon
|
+$754K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
USPCM
Union Square Park Capital Management
New York
|
-$4.27M |
| 2 |
BCM
Brooktree Capital Management
Gand Rapids,
Michigan
|
-$3.56M |
| 3 |
FG
Formula Growth
Montreal,
Quebec, Canada
|
-$2.81M |
| 4 |
ECM
Engine Capital Management
New York
|
-$1.7M |
| 5 |
AG
Algert Global
San Francisco,
California
|
-$1.13M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BPA
126
Beacon Pointe Advisors
Newport Beach,
California
| – | -$70K | -15,089 | Closed |
|
|
AGM
127
Alpine Global Management
New York
| – | -$58K | -12,382 | Closed |
|
|
EGM
128
Engineers Gate Manager
New York
| – | -$50K | -10,800 | Closed |
|
129
Macquarie Group
Sydney, NSW 2000,
Australia
| – | -$15K | -3,257 | Closed |
|
|
AF
130
Allworth Financial
Folsom,
California
| – | -$12K | -2,603 | Closed |
|
|
LC
131
Lindbrook Capital
Calabasas,
California
| – | -$2K | -375 | Closed |
|
|
S
132
SignatureFD
Atlanta,
Georgia
| – | -$1K | -284 | Closed |
|
133
Nisa Investment Advisors
St. Louis,
Missouri
| – | +$404 | +91 | New |
|
RMNI Hedge Fund Activity: Q4 2022 in Review
110 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Rimini Street (RMNI) for Q4 2022, worth a combined $235M — down 21% from $296M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of RMNI and 12 opened new positions — a net loss of 11 holders — while 39 trimmed existing stakes and 42 added.
The largest buyer was Morgan Stanley, adding an estimated $4.21M. The largest seller was Union Square Park Capital Management, exiting entirely with an estimated $4.27M sold.
- 110 institutional investors held Rimini Street (RMNI) as of Q4 2022, down from 122 in Q3 2022.
- Funds reported $235M of Rimini Street stock for Q4 2022, down 21% quarter-over-quarter.
- 12 funds opened new Rimini Street positions in Q4 2022 and 23 closed out, a net change of -11 holders.
- The largest Rimini Street buyer in Q4 2022 was Morgan Stanley, an estimated $4.21M added.
- The largest Rimini Street seller in Q4 2022 was Union Square Park Capital Management, an estimated $4.27M sold.
Based on aggregated 13F filings for Q4 2022.