RigNet, Inc.
RNET
RNET was delisted on the 30th of April, 2021.
52 hedge funds and large institutions have $116M invested in RigNet, Inc. in 2019 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 18 increasing their positions, 16 reducing their positions, and 8 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 16
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7% less funds holding
Funds holding: 56 → 52 (-4)
12% less capital invested
Capital invested by funds: $133M → $116M (-$16.2M)
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $9K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIPM
G2 Investment Partners Management
New York
|
+$2.2M |
| 2 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$1.22M |
| 3 |
Millennium Management
New York
|
+$114K |
| 4 |
Renaissance Technologies
New York
|
+$92.4K |
| 5 |
BlackRock
New York
|
+$53.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIMG
Stephens Investment Management Group
Houston,
Texas
|
-$3.08M |
| 2 |
JP Morgan Chase
New York
|
-$187K |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$153K |
| 4 |
Boston Partners
Boston,
Massachusetts
|
-$148K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$127K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BFC
51
Bedel Financial Consulting
Indianapolis,
Indiana
| $1K | – | – | – |
|
|
TWA
52
TCI Wealth Advisors
Tucson,
Arizona
| $1K | +$780 | +130 | New |
|
|
SIMG
53
Stephens Investment Management Group
Houston,
Texas
| – | -$3.08M | -397,606 | Closed |
|
|
54
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$127K | -16,376 | Closed |
|
|
SI
55
Stephens Inc
Little Rock,
Arkansas
| – | -$113K | -14,583 | Closed |
|
56
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$82K | -10,551 | Closed |
|
|
OAM
57
Oppenheimer Asset Management
New York
| – | -$64K | -8,284 | Closed |
|
|
TRCT
58
Tower Research Capital (TRC)
New York
| – | -$37K | -4,730 | Closed |
|
59
Victory Capital Management
San Antonio,
Texas
| – | -$17K | -2,138 | Closed |
|
|
QT
60
Quantamental Technologies
White Plains,
New York
| – | -$2K | -201 | Closed |
|
RNET Hedge Fund Activity: Q4 2019 in Review
52 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in RigNet, Inc. (RNET) for Q4 2019, worth a combined $116M — down 12% from $133M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of RNET and 4 opened new positions — a net loss of 4 holders — while 16 trimmed existing stakes and 18 added.
The largest buyer was G2 Investment Partners Management, adding an estimated $2.2M. The largest seller was Stephens Investment Management Group, exiting entirely with an estimated $3.08M sold.
- 52 institutional investors held RigNet, Inc. (RNET) as of Q4 2019, down from 56 in Q3 2019.
- Funds reported $116M of RigNet, Inc. stock for Q4 2019, down 12% quarter-over-quarter.
- 4 funds opened new RigNet, Inc. positions in Q4 2019 and 8 closed out, a net change of -4 holders.
- The largest RigNet, Inc. buyer in Q4 2019 was G2 Investment Partners Management, an estimated $2.2M added.
- The largest RigNet, Inc. seller in Q4 2019 was Stephens Investment Management Group, an estimated $3.08M sold.
Based on aggregated 13F filings for Q4 2019.