RigNet, Inc.
RNET
RNET was delisted on the 30th of April, 2021.
77 hedge funds and large institutions have $256M invested in RigNet, Inc. in 2016 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 36 increasing their positions, 22 reducing their positions, and 10 closing their positions.
64% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 22
12% more capital invested
Capital invested by funds: $229M → $256M (+$27.2M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less funds holding
Funds holding: 84 → 77 (-7)
70% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Skandinaviska Enskilda Banken (SEB)
Stockholm,
Sweden
|
+$3.87M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$3.51M |
| 3 |
Renaissance Technologies
New York
|
+$823K |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$648K |
| 5 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
+$610K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Brown Advisory
Baltimore,
Maryland
|
-$5.92M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$1.61M |
| 3 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$1.12M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$936K |
| 5 |
ARTA
A.R.T. Advisors
New York
|
-$589K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Royal Bank of Canada
Toronto,
Ontario, Canada
| $2K | +$38 | +3 | +3% |
|
|
TCIM
77
TIAA CREF Investment Management
New York
| $833 | +$78.2K | +6,118 | +12% |
|
|
78
Brown Advisory
Baltimore,
Maryland
| – | -$5.92M | -441,888 | Closed |
|
|
79
Capital World Investors
Los Angeles,
California
| – | -$1.61M | -120,000 | Closed |
|
|
ARTA
80
A.R.T. Advisors
New York
| – | -$589K | -44,059 | Closed |
|
|
PP
81
PDT Partners
New York
| – | -$327K | -24,400 | Closed |
|
|
BIM
82
Bogle Investment Management
Newton Lower Falls,
Massachusetts
| – | -$296K | -22,127 | Closed |
|
|
DTL
83
Dynamic Technology Lab
Singapore
| – | -$213K | -15,886 | Closed |
|
84
Envestnet Asset Management
Chicago,
Illinois
| – | -$149K | -11,157 | Closed |
|
85
Teacher Retirement System of Texas
Austin,
Texas
| – | -$25K | -1,843 | Closed |
|
86
Creative Planning
Overland Park,
Kansas
| – | -$8K | -600 | Closed |
|
87
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$1K | -76 | Closed |
|
RNET Hedge Fund Activity: Q3 2016 in Review
77 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in RigNet, Inc. (RNET) for Q3 2016, worth a combined $256M — up 12% from $229M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of RNET and 3 opened new positions — a net loss of 7 holders — while 22 trimmed existing stakes and 36 added.
The largest buyer was Skandinaviska Enskilda Banken (SEB), adding an estimated $3.87M. The largest seller was Brown Advisory, exiting entirely with an estimated $5.92M sold.
- 77 institutional investors held RigNet, Inc. (RNET) as of Q3 2016, down from 84 in Q2 2016.
- Funds reported $256M of RigNet, Inc. stock for Q3 2016, up 12% quarter-over-quarter.
- 3 funds opened new RigNet, Inc. positions in Q3 2016 and 10 closed out, a net change of -7 holders.
- The largest RigNet, Inc. buyer in Q3 2016 was Skandinaviska Enskilda Banken (SEB), an estimated $3.87M added.
- The largest RigNet, Inc. seller in Q3 2016 was Brown Advisory, an estimated $5.92M sold.
Based on aggregated 13F filings for Q3 2016.