Rimini Street
RMNI
113 hedge funds and large institutions have $295M invested in Rimini Street in 2023 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 48 increasing their positions, 29 reducing their positions, and 17 closing their positions.
66% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 29
47% more call options, than puts
Call options by funds: $144K | Put options by funds: $98K
14% more capital invested
Capital invested by funds: $259M → $295M (+$36.2M)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
1.46% less ownership
Funds ownership: 70.82% → 69.35% (-1.5%)
5% less funds holding
Funds holding: 119 → 113 (-6)
24% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Corient Private Wealth
Miami,
Florida
|
+$4.68M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.51M |
| 3 |
Millennium Management
New York
|
+$1.25M |
| 4 |
BCM
Brooktree Capital Management
Gand Rapids,
Michigan
|
+$1.17M |
| 5 |
Boston Partners
Boston,
Massachusetts
|
+$1.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VC
Voss Capital
Houston,
Texas
|
-$9.55M |
| 2 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
-$3.69M |
| 3 |
RCG
Rock Creek Group
Washington,
District of Columbia
|
-$1.59M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$1.46M |
| 5 |
Goldman Sachs
New York
|
-$826K |
RMNI Hedge Fund Activity: Q2 2023 in Review
113 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Rimini Street (RMNI) for Q2 2023, worth a combined $295M — up 14% from $259M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of RMNI and 13 opened new positions — a net loss of 4 holders — while 29 trimmed existing stakes and 48 added.
The largest buyer was Corient Private Wealth, opening a new position worth an estimated $4.68M. The largest seller was Voss Capital, exiting entirely with an estimated $9.55M sold.
- 113 institutional investors held Rimini Street (RMNI) as of Q2 2023, down from 119 in Q1 2023.
- Funds reported $295M of Rimini Street stock for Q2 2023, up 14% quarter-over-quarter.
- 13 funds opened new Rimini Street positions in Q2 2023 and 17 closed out, a net change of -4 holders.
- The largest Rimini Street buyer in Q2 2023 was Corient Private Wealth, an estimated $4.68M added.
- The largest Rimini Street seller in Q2 2023 was Voss Capital, an estimated $9.55M sold.
Based on aggregated 13F filings for Q2 2023.