Rimini Street
RMNI
21 hedge funds and large institutions have $158M invested in Rimini Street in 2017 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 4 increasing their positions, 3 reducing their positions, and 2 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 3
10% more capital invested
Capital invested by funds: $144M → $158M (+$13.9M)
5.83% more ownership
Funds ownership: 67.32% → 73.15% (+5.8%)
0% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 2
5% less funds holding
Funds holding: 22 → 21 (-1)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
+$13.1M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$10.5M |
| 3 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
+$2.05M |
| 4 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$1.52M |
| 5 |
BlackRock
New York
|
+$70.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$10.4M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$4.1M |
| 3 |
ICM
Ionic Capital Management
New York
|
-$24K |
| 4 |
DKCM
Davidson Kempner Capital Management
New York
|
-$3.47K |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$609 |
RMNI Hedge Fund Activity: Q1 2017 in Review
21 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Rimini Street (RMNI) for Q1 2017, worth a combined $158M — up 9.7% from $144M a quarter earlier.
Fund positioning in RMNI was balanced in Q1 2017: 2 funds opened new positions, 2 closed out, 4 added to existing stakes and 3 trimmed.
The largest buyer was Glazer Capital LLC, adding an estimated $13.1M. The largest seller was Oxford Asset Management, exiting entirely with an estimated $10.4M sold.
- 21 institutional investors held Rimini Street (RMNI) as of Q1 2017, down from 22 in Q4 2016.
- Funds reported $158M of Rimini Street stock for Q1 2017, up 9.7% quarter-over-quarter.
- 2 funds opened new Rimini Street positions in Q1 2017 and 2 closed out, a net change of 0 holders.
- The largest Rimini Street buyer in Q1 2017 was Glazer Capital LLC, an estimated $13.1M added.
- The largest Rimini Street seller in Q1 2017 was Oxford Asset Management, an estimated $10.4M sold.
Based on aggregated 13F filings for Q1 2017.