Rimini Street
RMNI
119 hedge funds and large institutions have $259M invested in Rimini Street in 2023 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 37 increasing their positions, 38 reducing their positions, and 10 closing their positions.
90% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 10
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
66% more call options, than puts
Call options by funds: $178K | Put options by funds: $107K
10% more capital invested
Capital invested by funds: $235M → $259M (+$24.2M)
8% more funds holding
Funds holding: 110 → 119 (+9)
0.09% more ownership
Funds ownership: 70.73% → 70.82% (+0.09%)
3% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 38
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
USPCM
Union Square Park Capital Management
New York
|
+$4.05M |
| 2 |
BCM
Brooktree Capital Management
Gand Rapids,
Michigan
|
+$2.48M |
| 3 |
VC
Voss Capital
Houston,
Texas
|
+$1.68M |
| 4 |
Goldman Sachs
New York
|
+$1.05M |
| 5 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
+$888K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$4.1M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$2.15M |
| 3 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$1.65M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$1.09M |
| 5 |
BlackRock
New York
|
-$952K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EIM
126
Essex Investment Management
Boston,
Massachusetts
| – | -$16K | -4,100 | Closed |
|
|
QCG
127
Quadrant Capital Group
Cincinnati,
Ohio
| – | -$758 | -199 | Closed |
|
128
US Bancorp
Minneapolis,
Minnesota
| – | -$69 | -18 | Closed |
|
RMNI Hedge Fund Activity: Q1 2023 in Review
119 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Rimini Street (RMNI) for Q1 2023, worth a combined $259M — up 10% from $235M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new RMNI positions and 10 closed out — a net gain of 9 holders — while 37 added to existing stakes and 38 trimmed.
The largest buyer was Union Square Park Capital Management, opening a new position worth an estimated $4.05M. The largest seller was Morgan Stanley, cutting an estimated $4.1M.
- 119 institutional investors held Rimini Street (RMNI) as of Q1 2023, up from 110 in Q4 2022.
- Funds reported $259M of Rimini Street stock for Q1 2023, up 10% quarter-over-quarter.
- 19 funds opened new Rimini Street positions in Q1 2023 and 10 closed out, a net change of +9 holders.
- The largest Rimini Street buyer in Q1 2023 was Union Square Park Capital Management, an estimated $4.05M added.
- The largest Rimini Street seller in Q1 2023 was Morgan Stanley, an estimated $4.1M sold.
Based on aggregated 13F filings for Q1 2023.