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Rimini Street
RMNI

13 hedge funds and large institutions have $129M invested in Rimini Street in 2017 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 4 increasing their positions, 2 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 2

5.2% less ownership

Funds ownership: 71.91% → 66.7% (-5.2%)

17% less capital invested

Capital invested by funds: $156M → $129M (-$26.7M)

19% less funds holding

Funds holding: 16 → 13 (-3)

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

100% less first-time investments, than exits

New positions opened: 0 | Existing positions closed: 3

Holders
13
Holders Change
-3
Holders Change %
-18.75%
% of All Funds
0.32%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.02%
New
–
Increased
4
Reduced
2
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WRBC
W.R. Berkley Corp
Connecticut
+$1.7M
2
CI
Cowen Inc
New York
+$242K
3
LIM
Longfellow Investment Management
Massachusetts
+$122K
4
PC
Periscope Capital
Ontario, Canada
+$18.9K

Top Sellers

Rank Fund Capital Flow
1
WAM
Weiss Asset Management
Massachusetts
-$15.9M
2
BGC
Birch Grove Capital
New York
-$5.98M
3
UFM
Ursa Fund Management
California
-$2.06M
4
Citigroup
Citigroup
New York
-$302K
5
GCL
Glazer Capital LLC
New York
-$3.98K
Name Holding Trade Value Shares
Change 		Change in
Stake
PAMP
1
Polar Asset Management Partners
Ontario, Canada
$30.5M – – –
DKCM
2
Davidson Kempner Capital Management
New York
$13.3M – – –
ACPU
3
Arrowgrass Capital Partners (US)
Delaware
$12.5M – – –
SRF
4
Silver Rock Financial
California
$12.4M – – –
GCL
5
Glazer Capital LLC
New York
$12.3M -$3.98K -400 -0%
BCM
6
Basso Capital Management
Connecticut
$9.7M – – –
WRBC
7
W.R. Berkley Corp
Connecticut
$8.83M +$1.7M +170,197 +22%
PC
8
Periscope Capital
Ontario, Canada
$7.05M +$18.9K +1,900 +0.3%
MCM
9
Moore Capital Management
New York
$6.98M – – –
LIM
10
Longfellow Investment Management
Massachusetts
$5.3M +$122K +12,279 +2%
CI
11
Cowen Inc
New York
$4.9M +$242K +24,300 +5%
KPF
12
K2 Principal Fund
Ontario, Canada
$2.84M – – –
Citigroup
13
Citigroup
New York
$2.37M -$302K -30,320 -11%
WAM
14
Weiss Asset Management
Massachusetts
– -$15.9M -1,583,615 Closed
BGC
15
Birch Grove Capital
New York
– -$5.98M -544,480 Closed
UFM
16
Ursa Fund Management
California
– -$2.06M -205,660 Closed

RMNI Hedge Fund Activity: Q3 2017 in Review

13 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Rimini Street (RMNI) for Q3 2017, worth a combined $129M — down 17% from $156M a quarter earlier.

Sellers outnumbered buyers: 3 funds closed out of RMNI and 0 opened new positions — a net loss of 3 holders — while 2 trimmed existing stakes and 4 added.

The largest buyer was W.R. Berkley Corp, adding an estimated $1.7M. The largest seller was Weiss Asset Management, exiting entirely with an estimated $15.9M sold.

  • 13 institutional investors held Rimini Street (RMNI) as of Q3 2017, down from 16 in Q2 2017.
  • Funds reported $129M of Rimini Street stock for Q3 2017, down 17% quarter-over-quarter.
  • 0 funds opened new Rimini Street positions in Q3 2017 and 3 closed out, a net change of -3 holders.
  • The largest Rimini Street buyer in Q3 2017 was W.R. Berkley Corp, an estimated $1.7M added.
  • The largest Rimini Street seller in Q3 2017 was Weiss Asset Management, an estimated $15.9M sold.

Based on aggregated 13F filings for Q3 2017.