RigNet, Inc.
RNET
RNET was delisted on the 30th of April, 2021.
40 hedge funds and large institutions have $31.3M invested in RigNet, Inc. in 2020 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 9 increasing their positions, 16 reducing their positions, and 19 closing their positions.
7,100% more call options, than puts
Call options by funds: $72K | Put options by funds: $1K
0% more capital invested
Capital invested by funds: $31.3M → $31.3M (+$11.3K)
18% less funds holding
Funds holding: 49 → 40 (-9)
44% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 16
47% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KAM
Kopion Asset Management
Mckinney,
Texas
|
+$1.26M |
| 2 |
AC
AWH Capital
Dallas,
Texas
|
+$405K |
| 3 |
Renaissance Technologies
New York
|
+$236K |
| 4 |
ICM
Invenomic Capital Management
Boston,
Massachusetts
|
+$135K |
| 5 |
PP
Paloma Partners
Greenwich,
Connecticut
|
+$120K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$1.66M |
| 2 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$1.37M |
| 3 |
Skandinaviska Enskilda Banken (SEB)
Stockholm,
Sweden
|
-$1.22M |
| 4 |
BlackRock
New York
|
-$819K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$452K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Legal & General Group
London,
United Kingdom
| – | -$7K | -4,001 | Closed |
|
52
Citigroup
New York
| – | -$7K | -3,989 | Closed |
|
53
Simplex Trading
Chicago,
Illinois
| – | -$2K | -1,408 | Closed |
|
|
AIP
54
Ameritas Investment Partners
Lincoln,
Nebraska
| – | -$2K | -1,109 | Closed |
|
|
MAM
55
Meeder Asset Management
Dublin,
Ohio
| – | -$1K | -965 | Closed |
|
56
Group One Trading
Chicago,
Illinois
| – | -$639 | -451 | -72% |
|
57
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$1K | -161 | Closed |
|
RNET Hedge Fund Activity: Q2 2020 in Review
40 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in RigNet, Inc. (RNET) for Q2 2020, worth a combined $31.3M — up 0.04% from $31.3M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of RNET and 10 opened new positions — a net loss of 9 holders — while 16 trimmed existing stakes and 9 added.
The largest buyer was Kopion Asset Management, adding an estimated $1.26M. The largest seller was Fidelity Investments, cutting an estimated $1.66M.
- 40 institutional investors held RigNet, Inc. (RNET) as of Q2 2020, down from 49 in Q1 2020.
- Funds reported $31.3M of RigNet, Inc. stock for Q2 2020, up 0.04% quarter-over-quarter.
- 10 funds opened new RigNet, Inc. positions in Q2 2020 and 19 closed out, a net change of -9 holders.
- The largest RigNet, Inc. buyer in Q2 2020 was Kopion Asset Management, an estimated $1.26M added.
- The largest RigNet, Inc. seller in Q2 2020 was Fidelity Investments, an estimated $1.66M sold.
Based on aggregated 13F filings for Q2 2020.