Rimini Street
RMNI
98 hedge funds and large institutions have $128M invested in Rimini Street in 2023 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 38 increasing their positions, 29 reducing their positions, and 27 closing their positions.
31% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 29
4.05% less ownership
Funds ownership: 69.35% → 65.3% (-4%)
13% less funds holding
Funds holding: 113 → 98 (-15)
15% less call options, than puts
Call options by funds: $23K | Put options by funds: $27K
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
52% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 27
57% less capital invested
Capital invested by funds: $295M → $128M (-$167M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Brooktree Capital Management
Gand Rapids,
Michigan
|
+$2.6M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.41M |
| 3 |
USPCM
Union Square Park Capital Management
New York
|
+$1.47M |
| 4 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$1.15M |
| 5 |
SCP
Steamboat Capital Partners
Rye,
New York
|
+$1.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$8.67M |
| 2 |
Corient Private Wealth
Miami,
Florida
|
-$5.41M |
| 3 |
Diamond Hill Capital Management
Columbus,
Ohio
|
-$5.17M |
| 4 |
UIC
Uniplan Investment Counsel
Milwaukee,
Wisconsin
|
-$2.35M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$1.85M |
RMNI Hedge Fund Activity: Q3 2023 in Review
98 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Rimini Street (RMNI) for Q3 2023, worth a combined $128M — down 57% from $295M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of RMNI and 13 opened new positions — a net loss of 14 holders — while 29 trimmed existing stakes and 38 added.
The largest buyer was Brooktree Capital Management, adding an estimated $2.6M. The largest seller was Wellington Management Group, exiting entirely with an estimated $8.67M sold.
- 98 institutional investors held Rimini Street (RMNI) as of Q3 2023, down from 113 in Q2 2023.
- Funds reported $128M of Rimini Street stock for Q3 2023, down 57% quarter-over-quarter.
- 13 funds opened new Rimini Street positions in Q3 2023 and 27 closed out, a net change of -14 holders.
- The largest Rimini Street buyer in Q3 2023 was Brooktree Capital Management, an estimated $2.6M added.
- The largest Rimini Street seller in Q3 2023 was Wellington Management Group, an estimated $8.67M sold.
Based on aggregated 13F filings for Q3 2023.