RigNet, Inc.
RNET
RNET was delisted on the 30th of April, 2021.
84 hedge funds and large institutions have $229M invested in RigNet, Inc. in 2016 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 36 increasing their positions, 26 reducing their positions, and 17 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 26
0% less capital invested
Capital invested by funds: $230M → $229M (-$1.14M)
11% less funds holding
Funds holding: 94 → 84 (-10)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
53% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 17
100% less call options, than puts
Call options by funds: $1K | Put options by funds: $551K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$14.3M |
| 2 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$2.78M |
| 3 |
CC
Cannell Capital
Alta,
Wyoming
|
+$1.85M |
| 4 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
+$1.71M |
| 5 |
PCM
Prelude Capital Management
New York
|
+$1.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$10.5M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
-$4.39M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$1.74M |
| 4 |
BIM
Bogle Investment Management
Newton Lower Falls,
Massachusetts
|
-$1.69M |
| 5 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$1.23M |
RNET Hedge Fund Activity: Q2 2016 in Review
84 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in RigNet, Inc. (RNET) for Q2 2016, worth a combined $229M — down 0.5% from $230M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of RNET and 8 opened new positions — a net loss of 9 holders — while 26 trimmed existing stakes and 36 added.
The largest buyer was Fidelity Investments, adding an estimated $14.3M. The largest seller was Franklin Resources, cutting an estimated $10.5M.
- 84 institutional investors held RigNet, Inc. (RNET) as of Q2 2016, down from 94 in Q1 2016.
- Funds reported $229M of RigNet, Inc. stock for Q2 2016, down 0.5% quarter-over-quarter.
- 8 funds opened new RigNet, Inc. positions in Q2 2016 and 17 closed out, a net change of -9 holders.
- The largest RigNet, Inc. buyer in Q2 2016 was Fidelity Investments, an estimated $14.3M added.
- The largest RigNet, Inc. seller in Q2 2016 was Franklin Resources, an estimated $10.5M sold.
Based on aggregated 13F filings for Q2 2016.