RigNet, Inc.
RNET
RNET was delisted on the 30th of April, 2021.
54 hedge funds and large institutions have $170M invested in RigNet, Inc. in 2019 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 17 increasing their positions, 23 reducing their positions, and 10 closing their positions.
300% more call options, than puts
Call options by funds: $20K | Put options by funds: $5K
14% less funds holding
Funds holding: 63 → 54 (-9)
23% less capital invested
Capital invested by funds: $220M → $170M (-$49.9M)
26% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 23
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
80% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIPM
G2 Investment Partners Management
New York
|
+$2.34M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$905K |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$533K |
| 4 |
JP Morgan Chase
New York
|
+$311K |
| 5 |
PI
PEAK6 Investments
Chicago,
Illinois
|
+$265K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$762K |
| 2 |
Skandinaviska Enskilda Banken (SEB)
Stockholm,
Sweden
|
-$712K |
| 3 |
BlackRock
New York
|
-$600K |
| 4 |
Boston Partners
Boston,
Massachusetts
|
-$485K |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$406K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DWA
51
Dorsey Wright & Associates
Pasadena,
California
| $4K | -$6.34K | -456 | -50% |
|
52
Federated Hermes
Pittsburgh,
Pennsylvania
| $4K | -$14 | -1 | -0.3% |
|
53
Nisa Investment Advisors
St. Louis,
Missouri
| $3K | – | – | – |
|
|
PAM
54
Panagora Asset Management
Boston,
Massachusetts
| $3K | – | – | – |
|
|
EIM
55
Essex Investment Management
Boston,
Massachusetts
| – | -$276K | -21,807 | Closed |
|
56
Millennium Management
New York
| – | -$203K | -16,054 | Closed |
|
57
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$169K | -13,365 | Closed |
|
|
OAM
58
Oxford Asset Management
Oxford,
United Kingdom
| – | -$157K | -12,403 | Closed |
|
|
RQS
59
Ramsey Quantitative Systems
Louisville,
Kentucky
| – | -$140K | -11,102 | Closed |
|
60
Citadel Advisors
Miami,
Florida
| – | -$128K | -10,139 | Closed |
|
61
UBS Group
Zurich,
Switzerland
| – | -$90K | -7,101 | Closed |
|
|
MWNA
62
Marshall Wace North America
New York
| – | -$55K | -4,340 | Closed |
|
63
Simplex Trading
Chicago,
Illinois
| – | -$14.7K | -1,058 | Closed |
|
|
MOS
64
MGO One Seven
Beachwood,
Ohio
| – | -$3K | -266 | Closed |
|
RNET Hedge Fund Activity: Q1 2019 in Review
54 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in RigNet, Inc. (RNET) for Q1 2019, worth a combined $170M — down 23% from $220M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of RNET and 2 opened new positions — a net loss of 8 holders — while 23 trimmed existing stakes and 17 added.
The largest buyer was G2 Investment Partners Management, adding an estimated $2.34M. The largest seller was ArrowMark Colorado Holdings, cutting an estimated $762K.
- 54 institutional investors held RigNet, Inc. (RNET) as of Q1 2019, down from 63 in Q4 2018.
- Funds reported $170M of RigNet, Inc. stock for Q1 2019, down 23% quarter-over-quarter.
- 2 funds opened new RigNet, Inc. positions in Q1 2019 and 10 closed out, a net change of -8 holders.
- The largest RigNet, Inc. buyer in Q1 2019 was G2 Investment Partners Management, an estimated $2.34M added.
- The largest RigNet, Inc. seller in Q1 2019 was ArrowMark Colorado Holdings, an estimated $762K sold.
Based on aggregated 13F filings for Q1 2019.