RigNet, Inc.
RNET
RNET was delisted on the 30th of April, 2021.
49 hedge funds and large institutions have $31.3M invested in RigNet, Inc. in 2020 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 13 increasing their positions, 20 reducing their positions, and 9 closing their positions.
0% more call options, than puts
Call options by funds: $2K | Put options by funds: $2K
6% less funds holding
Funds holding: 52 → 49 (-3)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
35% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 20
73% less capital invested
Capital invested by funds: $116M → $31.3M (-$85.2M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIPM
G2 Investment Partners Management
New York
|
+$1.37M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$254K |
| 3 |
KAM
Kopion Asset Management
Mckinney,
Texas
|
+$169K |
| 4 |
State Street
Boston,
Massachusetts
|
+$129K |
| 5 |
M&T Bank
Buffalo,
New York
|
+$118K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Russell Investments Group
London,
United Kingdom
|
-$867K |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$838K |
| 3 |
Skandinaviska Enskilda Banken (SEB)
Stockholm,
Sweden
|
-$573K |
| 4 |
SO
STRS Ohio
Columbus,
Ohio
|
-$215K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$206K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Invesco
Atlanta,
Georgia
| – | -$156K | -23,697 | Closed |
|
52
Squarepoint
New York
| – | -$127K | -19,234 | Closed |
|
53
Millennium Management
New York
| – | -$126K | -19,056 | Closed |
|
54
Two Sigma Advisers
New York
| – | -$69K | -10,525 | Closed |
|
55
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$12K | -1,867 | Closed |
|
56
Nisa Investment Advisors
St. Louis,
Missouri
| – | -$5K | -780 | Closed |
|
|
EI
57
Ellevest Inc
New York
| – | +$571 | +143 | New |
|
RNET Hedge Fund Activity: Q1 2020 in Review
49 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in RigNet, Inc. (RNET) for Q1 2020, worth a combined $31.3M — down 73% from $116M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of RNET and 7 opened new positions — a net loss of 2 holders — while 20 trimmed existing stakes and 13 added.
The largest buyer was G2 Investment Partners Management, adding an estimated $1.37M. The largest seller was Russell Investments Group, exiting entirely with an estimated $867K sold.
- 49 institutional investors held RigNet, Inc. (RNET) as of Q1 2020, down from 52 in Q4 2019.
- Funds reported $31.3M of RigNet, Inc. stock for Q1 2020, down 73% quarter-over-quarter.
- 7 funds opened new RigNet, Inc. positions in Q1 2020 and 9 closed out, a net change of -2 holders.
- The largest RigNet, Inc. buyer in Q1 2020 was G2 Investment Partners Management, an estimated $1.37M added.
- The largest RigNet, Inc. seller in Q1 2020 was Russell Investments Group, an estimated $867K sold.
Based on aggregated 13F filings for Q1 2020.