RigNet, Inc.
RNET
RNET was delisted on the 30th of April, 2021.
75 hedge funds and large institutions have $429M invested in RigNet, Inc. in 2017 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 31 increasing their positions, 27 reducing their positions, and 8 closing their positions.
15% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 27
11% more capital invested
Capital invested by funds: $387M → $429M (+$41.9M)
10% less funds holding
Funds holding: 83 → 75 (-8)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $401K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$16.7M |
| 2 |
Credit Agricole
Montrouge Cedex,
France
|
+$13.5M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$4.51M |
| 4 |
CC
Cannell Capital
Alta,
Wyoming
|
+$862K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$824K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
-$3.74M |
| 2 |
2L
22NW LP
Seattle,
Washington
|
-$1.08M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$821K |
| 4 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$684K |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$639K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
2L
76
22NW LP
Seattle,
Washington
| – | -$1.08M | -46,618 | Closed |
|
|
OAM
77
Oxford Asset Management
Oxford,
United Kingdom
| – | -$331K | -14,278 | Closed |
|
|
CI
78
Cigna Investments
Bloomfield,
Connecticut
| – | -$312K | -13,482 | Closed |
|
|
GIPM
79
G2 Investment Partners Management
New York
| – | -$244K | -10,552 | Closed |
|
|
HCM
80
Highbridge Capital Management
New York
| – | -$239K | -10,331 | Closed |
|
81
Wolverine Trading
Chicago,
Illinois
| – | -$206K | -8,883 | Closed |
|
|
CG
82
Cutler Group
San Francisco,
California
| – | -$19K | -824 | Closed |
|
|
TRCT
83
Tower Research Capital (TRC)
New York
| – | -$8K | -334 | Closed |
|
RNET Hedge Fund Activity: Q1 2017 in Review
75 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in RigNet, Inc. (RNET) for Q1 2017, worth a combined $429M — up 11% from $387M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of RNET and 7 opened new positions — a net loss of 1 holder — while 27 trimmed existing stakes and 31 added.
The largest buyer was BlackRock, adding an estimated $16.7M. The largest seller was THB Asset Management, cutting an estimated $3.74M.
- 75 institutional investors held RigNet, Inc. (RNET) as of Q1 2017, down from 83 in Q4 2016.
- Funds reported $429M of RigNet, Inc. stock for Q1 2017, up 11% quarter-over-quarter.
- 7 funds opened new RigNet, Inc. positions in Q1 2017 and 8 closed out, a net change of -1 holder.
- The largest RigNet, Inc. buyer in Q1 2017 was BlackRock, an estimated $16.7M added.
- The largest RigNet, Inc. seller in Q1 2017 was THB Asset Management, an estimated $3.74M sold.
Based on aggregated 13F filings for Q1 2017.