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Rimini Street
RMNI

18 hedge funds and large institutions have $95.3M invested in Rimini Street in 2016 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 5 increasing their positions, 2 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 2

150% more repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 2

49% more capital invested

Capital invested by funds: $64M → $95.3M (+$31.2M)

20% more funds holding

Funds holding: 15 → 18 (+3)

Holders
18
Holders Change
+3
Holders Change %
+20%
% of All Funds
0.48%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
5
Reduced
2
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
DKCM
Davidson Kempner Capital Management
New York
+$13.7M
2
HCM
Highbridge Capital Management
New York
+$10.5M
3
CCA
Castle Creek Arbitrage
Colorado
+$5.15M
4
PAMP
Polar Asset Management Partners
Ontario, Canada
+$3.14M
5
LCS
Levin Capital Strategies
New York
+$3.12M

Top Sellers

Rank Fund Capital Flow
1
GCL
Glazer Capital LLC
New York
-$4.21M
2
AIM
Assured Investment Management
New York
-$2.96M
3
ICM
Ionic Capital Management
New York
-$21.1K
Name Holding Trade Value Shares
Change 		Change in
Stake
PAMP
1
Polar Asset Management Partners
Ontario, Canada
$18.9M +$3.14M +320,008 +20%
DKCM
2
Davidson Kempner Capital Management
New York
$13.6M +$13.7M +1,400,000 New
ACPU
3
Arrowgrass Capital Partners (US)
Delaware
$12.8M – – –
HCM
4
Highbridge Capital Management
New York
$10.4M +$10.5M +1,073,884 New
WAM
5
Weiss Asset Management
Massachusetts
$8.16M – – –
MCM
6
Moore Capital Management
New York
$7.13M – – –
CCA
7
Castle Creek Arbitrage
Colorado
$5.09M +$5.15M +524,990 New
BCM
8
Basso Capital Management
Connecticut
$4.62M +$1.42M +145,000 +46%
LCS
9
Levin Capital Strategies
New York
$3.08M +$3.12M +317,632 New
PP
10
Paloma Partners
Connecticut
$2.82M +$5.89K +600 +0.2%
WRBC
11
W.R. Berkley Corp
Connecticut
$2.73M +$36.9K +3,758 +1%
KPF
12
K2 Principal Fund
Ontario, Canada
$2.62M – – –
Citigroup
13
Citigroup
New York
$1.26M +$1.26M +128,600 New
GCL
14
Glazer Capital LLC
New York
$914K -$4.21M -429,222 -82%
YCM
15
Yakira Capital Management
Connecticut
$701K – – –
ICM
16
Ionic Capital Management
New York
$421K -$21.1K -2,150 -5%
BA
17
BlackRock Advisors
Delaware
$69K – – –
TRCT
18
Tower Research Capital (TRC)
New York
$12K +$4.89K +498 +70%
AIM
19
Assured Investment Management
New York
– -$2.96M -310,000 Closed

RMNI Hedge Fund Activity: Q2 2016 in Review

18 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Rimini Street (RMNI) for Q2 2016, worth a combined $95.3M — up 49% from $64M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new RMNI positions and 2 closed out — a net gain of 3 holders — while 5 added to existing stakes and 2 trimmed.

The largest buyer was Davidson Kempner Capital Management, opening a new position worth an estimated $13.7M. The largest seller was Glazer Capital LLC, cutting an estimated $4.21M.

  • 18 institutional investors held Rimini Street (RMNI) as of Q2 2016, up from 15 in Q1 2016.
  • Funds reported $95.3M of Rimini Street stock for Q2 2016, up 49% quarter-over-quarter.
  • 5 funds opened new Rimini Street positions in Q2 2016 and 2 closed out, a net change of +3 holders.
  • The largest Rimini Street buyer in Q2 2016 was Davidson Kempner Capital Management, an estimated $13.7M added.
  • The largest Rimini Street seller in Q2 2016 was Glazer Capital LLC, an estimated $4.21M sold.

Based on aggregated 13F filings for Q2 2016.