RigNet, Inc.
RNET
RNET was delisted on the 30th of April, 2021.
54 hedge funds and large institutions have $133M invested in RigNet, Inc. in 2021 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 11 increasing their positions, 12 reducing their positions, and 11 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
113% more call options, than puts
Call options by funds: $659K | Put options by funds: $310K
73% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 11
56% more capital invested
Capital invested by funds: $84.9M → $133M (+$47.9M)
15% more funds holding
Funds holding: 47 → 54 (+7)
8% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GLAM
Gardner Lewis Asset Management
Chadds Ford,
Pennsylvania
|
+$12.4M |
| 2 |
Tudor Investment Corp
Stamford,
Connecticut
|
+$7.15M |
| 3 |
PCM
Prelude Capital Management
New York
|
+$6.72M |
| 4 |
JP Morgan Chase
New York
|
+$3.77M |
| 5 |
CCM
Chicago Capital Management
Chicago,
Illinois
|
+$3.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$13.9M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$5.21M |
| 3 |
AFM
Anson Funds Management
Dallas,
Texas
|
-$2.58M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$2.24M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$803K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Wells Fargo
San Francisco,
California
| $1K | +$18 | +2 | +2% |
|
52
BNP Paribas Financial Markets
Paris,
France
| $567 | -$9 | -1 | -2% |
|
|
WIM
53
Westside Investment Management
Santa Monica,
California
| $1 | – | – | – |
|
|
ACH
54
ArrowMark Colorado Holdings
Denver,
Colorado
| – | -$13.9M | -2,364,478 | Closed |
|
|
AFM
55
Anson Funds Management
Dallas,
Texas
| – | -$2.58M | -437,600 | Closed |
|
|
PPA
56
Parametric Portfolio Associates
Seattle,
Washington
| – | -$803K | -136,347 | Closed |
|
57
Walleye Capital
New York
| – | -$489 | -83,000 | Closed |
|
|
HAM
58
Harber Asset Management
Asheville,
North Carolina
| – | -$303K | -51,481 | Closed |
|
59
Verition Fund Management
Greenwich,
Connecticut
| – | -$266K | -45,140 | Closed |
|
60
M&T Bank
Buffalo,
New York
| – | -$175K | -29,660 | Closed |
|
61
Acadian Asset Management
Boston,
Massachusetts
| – | -$96K | -16,222 | Closed |
|
62
Capstone Investment Advisors
New York
| – | -$70K | -11,810 | Closed |
|
63
Squarepoint
New York
| – | -$64K | -10,949 | Closed |
|
64
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$1K | -100 | Closed |
|
RNET Hedge Fund Activity: Q1 2021 in Review
54 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in RigNet, Inc. (RNET) for Q1 2021, worth a combined $133M — up 56% from $84.9M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new RNET positions and 11 closed out — a net gain of 8 holders — while 11 added to existing stakes and 12 trimmed.
The largest buyer was Gardner Lewis Asset Management, opening a new position worth an estimated $12.4M. The largest seller was ArrowMark Colorado Holdings, exiting entirely with an estimated $13.9M sold.
- 54 institutional investors held RigNet, Inc. (RNET) as of Q1 2021, up from 47 in Q4 2020.
- Funds reported $133M of RigNet, Inc. stock for Q1 2021, up 56% quarter-over-quarter.
- 19 funds opened new RigNet, Inc. positions in Q1 2021 and 11 closed out, a net change of +8 holders.
- The largest RigNet, Inc. buyer in Q1 2021 was Gardner Lewis Asset Management, an estimated $12.4M added.
- The largest RigNet, Inc. seller in Q1 2021 was ArrowMark Colorado Holdings, an estimated $13.9M sold.
Based on aggregated 13F filings for Q1 2021.