RigNet, Inc.
RNET
RNET was delisted on the 30th of April, 2021.
74 hedge funds and large institutions have $290M invested in RigNet, Inc. in 2017 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 28 increasing their positions, 20 reducing their positions, and 11 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 20
8% more capital invested
Capital invested by funds: $267M → $290M (+$22.6M)
9% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 11
1% less funds holding
Funds holding: 75 → 74 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$5.81M |
| 2 |
JP Morgan Chase
New York
|
+$2.87M |
| 3 |
Skandinaviska Enskilda Banken (SEB)
Stockholm,
Sweden
|
+$1.27M |
| 4 |
Renaissance Technologies
New York
|
+$1.07M |
| 5 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Cannell Capital
Alta,
Wyoming
|
-$4.53M |
| 2 |
SIMG
Stephens Investment Management Group
Houston,
Texas
|
-$1.19M |
| 3 |
O
OppenheimerFunds
New York
|
-$1.06M |
| 4 |
PCM
Prelude Capital Management
New York
|
-$916K |
| 5 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
-$896K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TC
76
TFS Capital
West Chester,
Pennsylvania
| – | -$776K | -48,331 | Closed |
|
|
GIP
77
Granite Investment Partners
El Segundo,
California
| – | -$692K | -43,127 | Closed |
|
|
DCM
78
Dupont Capital Management
Wilmington,
Delaware
| – | -$605K | -37,668 | Closed |
|
|
AIM
79
Alambic Investment Management
Belvedere,
California
| – | -$573K | -35,696 | Closed |
|
80
Brown Advisory
Baltimore,
Maryland
| – | -$472K | -29,378 | Closed |
|
|
GCP
81
GSA Capital Partners
London,
United Kingdom
| – | -$419K | -26,100 | Closed |
|
82
Citigroup
New York
| – | -$250K | -15,612 | Closed |
|
83
Millennium Management
New York
| – | -$194K | -12,063 | Closed |
|
|
AIM
84
Acrospire Investment Management
Chicago,
Illinois
| – | -$22K | -1,397 | Closed |
|
|
QI
85
QS Investors
New York
| – | -$5K | -324 | Closed |
|
RNET Hedge Fund Activity: Q3 2017 in Review
74 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in RigNet, Inc. (RNET) for Q3 2017, worth a combined $290M — up 8.4% from $267M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of RNET and 10 opened new positions — a net loss of 1 holder — while 20 trimmed existing stakes and 28 added.
The largest buyer was Fidelity Investments, adding an estimated $5.81M. The largest seller was Cannell Capital, cutting an estimated $4.53M.
- 74 institutional investors held RigNet, Inc. (RNET) as of Q3 2017, down from 75 in Q2 2017.
- Funds reported $290M of RigNet, Inc. stock for Q3 2017, up 8.4% quarter-over-quarter.
- 10 funds opened new RigNet, Inc. positions in Q3 2017 and 11 closed out, a net change of -1 holder.
- The largest RigNet, Inc. buyer in Q3 2017 was Fidelity Investments, an estimated $5.81M added.
- The largest RigNet, Inc. seller in Q3 2017 was Cannell Capital, an estimated $4.53M sold.
Based on aggregated 13F filings for Q3 2017.