RigNet, Inc.
RNET
RNET was delisted on the 30th of April, 2021.
83 hedge funds and large institutions have $387M invested in RigNet, Inc. in 2016 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 36 increasing their positions, 28 reducing their positions, and 5 closing their positions.
120% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 5
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
51% more capital invested
Capital invested by funds: $256M → $387M (+$131M)
29% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 28
8% more funds holding
Funds holding: 77 → 83 (+6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIP
Granite Investment Partners
El Segundo,
California
|
+$1.75M |
| 2 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
+$1.22M |
| 3 |
Renaissance Technologies
New York
|
+$1.18M |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$1.07M |
| 5 |
Morgan Stanley
New York
|
+$702K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Skandinaviska Enskilda Banken (SEB)
Stockholm,
Sweden
|
-$5.7M |
| 2 |
Franklin Resources
San Mateo,
California
|
-$4.14M |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$1.22M |
| 4 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$895K |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$681K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CG
76
Cutler Group
San Francisco,
California
| $19K | +$6.08K | +343 | +71% |
|
77
Royal Bank of Canada
Toronto,
Ontario, Canada
| $19K | +$13K | +734 | +713% |
|
78
Federated Hermes
Pittsburgh,
Pennsylvania
| $11K | -$310K | -17,515 | -97% |
|
79
Zurich Cantonal Bank
Zurich,
Switzerland
| $11K | – | – | – |
|
80
Barclays
London,
United Kingdom
| $10K | +$3.33K | +188 | +72% |
|
|
TRCT
81
Tower Research Capital (TRC)
New York
| $8K | -$1.17K | -66 | -17% |
|
82
Walleye Trading
New York
| $7K | -$21.3K | -1,200 | -80% |
|
83
BNP Paribas Financial Markets
Paris,
France
| $3.26K | -$19.2K | -1,082 | -88% |
|
|
84
Franklin Resources
San Mateo,
California
| – | -$4.14M | -273,677 | Closed |
|
85
Jacobs Levy Equity Management
Florham Park,
New Jersey
| – | -$233K | -15,399 | Closed |
|
|
SCA
86
Secor Capital Advisors
New York
| – | -$229K | -15,151 | Closed |
|
|
HHC
87
Hutchin Hill Capital
New York
| – | -$224K | -14,800 | Closed |
|
|
SIM
88
Spark Investment Management
New York
| – | -$216K | -14,300 | Closed |
|
RNET Hedge Fund Activity: Q4 2016 in Review
83 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in RigNet, Inc. (RNET) for Q4 2016, worth a combined $387M — up 51% from $256M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new RNET positions and 5 closed out — a net gain of 6 holders — while 36 added to existing stakes and 28 trimmed.
The largest buyer was Granite Investment Partners, opening a new position worth an estimated $1.75M. The largest seller was Skandinaviska Enskilda Banken (SEB), cutting an estimated $5.7M.
- 83 institutional investors held RigNet, Inc. (RNET) as of Q4 2016, up from 77 in Q3 2016.
- Funds reported $387M of RigNet, Inc. stock for Q4 2016, up 51% quarter-over-quarter.
- 11 funds opened new RigNet, Inc. positions in Q4 2016 and 5 closed out, a net change of +6 holders.
- The largest RigNet, Inc. buyer in Q4 2016 was Granite Investment Partners, an estimated $1.75M added.
- The largest RigNet, Inc. seller in Q4 2016 was Skandinaviska Enskilda Banken (SEB), an estimated $5.7M sold.
Based on aggregated 13F filings for Q4 2016.