Rimini Street
RMNI
16 hedge funds and large institutions have $156M invested in Rimini Street in 2017 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 5 increasing their positions, 4 reducing their positions, and 7 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
25% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 4
1% less capital invested
Capital invested by funds: $158M → $156M (-$2.05M)
1.24% less ownership
Funds ownership: 73.15% → 71.91% (-1.2%)
24% less funds holding
Funds holding: 21 → 16 (-5)
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CI
Cowen Inc
New York
|
+$4.93M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$3.88M |
| 3 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
+$3.4M |
| 4 |
UFM
Ursa Fund Management
Danville,
California
|
+$2.06M |
| 5 |
Citigroup
New York
|
+$595K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
-$5.9M |
| 2 |
CCA
Castle Creek Arbitrage
Avon,
Colorado
|
-$5.23M |
| 3 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$3.12M |
| 4 |
LCS
Levin Capital Strategies
New York
|
-$828K |
| 5 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$720K |
RMNI Hedge Fund Activity: Q2 2017 in Review
16 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Rimini Street (RMNI) for Q2 2017, worth a combined $156M — down 1.3% from $158M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of RMNI and 2 opened new positions — a net loss of 5 holders — while 4 trimmed existing stakes and 5 added.
The largest buyer was Cowen Inc, opening a new position worth an estimated $4.93M. The largest seller was Glazer Capital LLC, cutting an estimated $5.9M.
- 16 institutional investors held Rimini Street (RMNI) as of Q2 2017, down from 21 in Q1 2017.
- Funds reported $156M of Rimini Street stock for Q2 2017, down 1.3% quarter-over-quarter.
- 2 funds opened new Rimini Street positions in Q2 2017 and 7 closed out, a net change of -5 holders.
- The largest Rimini Street buyer in Q2 2017 was Cowen Inc, an estimated $4.93M added.
- The largest Rimini Street seller in Q2 2017 was Glazer Capital LLC, an estimated $5.9M sold.
Based on aggregated 13F filings for Q2 2017.