Rimini Street
RMNI
22 hedge funds and large institutions have $144M invested in Rimini Street in 2016 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 6 increasing their positions, 2 reducing their positions, and 3 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 2
67.32% more ownership
Funds ownership: 0% → 67.32% (+67%)
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
34% more capital invested
Capital invested by funds: $107M → $144M (+$36.5M)
10% more funds holding
Funds holding: 20 → 22 (+2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BGC
Birch Grove Capital
New York
|
+$5.38M |
| 2 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
+$5.15M |
| 3 |
BCM
Basso Capital Management
Stamford,
Connecticut
|
+$4.2M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.09M |
| 5 |
GCL
Glazer Capital LLC
New York
|
+$4.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highbridge Capital Management
New York
|
-$10.6M |
| 2 |
PP
Paloma Partners
Greenwich,
Connecticut
|
-$2.85M |
| 3 |
LCS
Levin Capital Strategies
New York
|
-$2.3M |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$11K |
| 5 |
ICM
Ionic Capital Management
New York
|
-$9.64K |
RMNI Hedge Fund Activity: Q4 2016 in Review
22 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Rimini Street (RMNI) for Q4 2016, worth a combined $144M — up 34% from $107M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new RMNI positions and 3 closed out — a net gain of 2 holders — while 6 added to existing stakes and 2 trimmed.
The largest buyer was Birch Grove Capital, opening a new position worth an estimated $5.38M. The largest seller was Highbridge Capital Management, exiting entirely with an estimated $10.6M sold.
- 22 institutional investors held Rimini Street (RMNI) as of Q4 2016, up from 20 in Q3 2016.
- Funds reported $144M of Rimini Street stock for Q4 2016, up 34% quarter-over-quarter.
- 5 funds opened new Rimini Street positions in Q4 2016 and 3 closed out, a net change of +2 holders.
- The largest Rimini Street buyer in Q4 2016 was Birch Grove Capital, an estimated $5.38M added.
- The largest Rimini Street seller in Q4 2016 was Highbridge Capital Management, an estimated $10.6M sold.
Based on aggregated 13F filings for Q4 2016.