Rimini Street
RMNI
68 hedge funds and large institutions have $127M invested in Rimini Street in 2020 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 29 increasing their positions, 14 reducing their positions, and 8 closing their positions.
107% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 14
63% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 8
8% more funds holding
Funds holding: 63 → 68 (+5)
0.02% less ownership
Funds ownership: 51.82% → 51.8% (-0.02%)
30% less capital invested
Capital invested by funds: $182M → $127M (-$54.8M)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Cannell Capital
Alta,
Wyoming
|
+$4.45M |
| 2 |
PRCP
Pacific Ridge Capital Partners
Lake Oswego,
Oregon
|
+$3.08M |
| 3 |
HIM
Herald Investment Management
London,
United Kingdom
|
+$2.99M |
| 4 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$2.66M |
| 5 |
NC
Nokomis Capital
Dallas,
Texas
|
+$1.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VC
Voss Capital
Houston,
Texas
|
-$1.2M |
| 2 |
RCG
Rock Creek Group
Washington,
District of Columbia
|
-$915K |
| 3 |
Bessemer Group
Woodbridge,
New Jersey
|
-$550K |
| 4 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
-$491K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$307K |
RMNI Hedge Fund Activity: Q3 2020 in Review
68 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in Rimini Street (RMNI) for Q3 2020, worth a combined $127M — down 30% from $182M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new RMNI positions and 8 closed out — a net gain of 5 holders — while 29 added to existing stakes and 14 trimmed.
The largest buyer was Cannell Capital, adding an estimated $4.45M. The largest seller was Voss Capital, cutting an estimated $1.2M.
- 68 institutional investors held Rimini Street (RMNI) as of Q3 2020, up from 63 in Q2 2020.
- Funds reported $127M of Rimini Street stock for Q3 2020, down 30% quarter-over-quarter.
- 13 funds opened new Rimini Street positions in Q3 2020 and 8 closed out, a net change of +5 holders.
- The largest Rimini Street buyer in Q3 2020 was Cannell Capital, an estimated $4.45M added.
- The largest Rimini Street seller in Q3 2020 was Voss Capital, an estimated $1.2M sold.
Based on aggregated 13F filings for Q3 2020.