RigNet, Inc.
RNET
RNET was delisted on the 30th of April, 2021.
71 hedge funds and large institutions have $250M invested in RigNet, Inc. in 2017 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 23 increasing their positions, 21 reducing their positions, and 12 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 21
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less funds holding
Funds holding: 74 → 71 (-3)
14% less capital invested
Capital invested by funds: $290M → $250M (-$39.2M)
25% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$1.63M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$505K |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$345K |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$286K |
| 5 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
+$194K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$833K |
| 2 |
SIMG
Stephens Investment Management Group
Houston,
Texas
|
-$830K |
| 3 |
William Blair & Company
Chicago,
Illinois
|
-$691K |
| 4 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$361K |
| 5 |
JP Morgan Chase
New York
|
-$336K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Squarepoint
New York
| – | -$219K | -12,725 | Closed |
|
|
PCM
77
Prelude Capital Management
New York
| – | -$216K | -12,585 | Closed |
|
|
WF
78
Welch & Forbes
Boston,
Massachusetts
| – | -$194K | -11,270 | Closed |
|
|
CS
79
Credit Suisse
Zurich,
Switzerland
| – | -$186K | -10,824 | Closed |
|
|
MLICM
80
Metropolitan Life Insurance Company (MetLife)
New York
| – | -$183K | -10,617 | Closed |
|
81
American Century Companies
Kansas City,
Missouri
| – | -$174K | -10,106 | Closed |
|
|
OAM
82
Oppenheimer Asset Management
New York
| – | -$148K | -8,628 | Closed |
|
|
NFA
83
Nationwide Fund Advisors
Columbus,
Ohio
| – | -$141K | -8,217 | Closed |
|
RNET Hedge Fund Activity: Q4 2017 in Review
71 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in RigNet, Inc. (RNET) for Q4 2017, worth a combined $250M — down 14% from $290M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of RNET and 9 opened new positions — a net loss of 3 holders — while 21 trimmed existing stakes and 23 added.
The largest buyer was Punch & Associates Investment Management, adding an estimated $1.63M. The largest seller was AJO LP, cutting an estimated $833K.
- 71 institutional investors held RigNet, Inc. (RNET) as of Q4 2017, down from 74 in Q3 2017.
- Funds reported $250M of RigNet, Inc. stock for Q4 2017, down 14% quarter-over-quarter.
- 9 funds opened new RigNet, Inc. positions in Q4 2017 and 12 closed out, a net change of -3 holders.
- The largest RigNet, Inc. buyer in Q4 2017 was Punch & Associates Investment Management, an estimated $1.63M added.
- The largest RigNet, Inc. seller in Q4 2017 was AJO LP, an estimated $833K sold.
Based on aggregated 13F filings for Q4 2017.