RigNet, Inc.
RNET
RNET was delisted on the 30th of April, 2021.
64 hedge funds and large institutions have $351M invested in RigNet, Inc. in 2018 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 27 increasing their positions, 23 reducing their positions, and 15 closing their positions.
104% more capital invested
Capital invested by funds: $172M → $351M (+$179M)
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
61% more call options, than puts
Call options by funds: $1.34M | Put options by funds: $830K
17% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 23
10% less funds holding
Funds holding: 71 → 64 (-7)
47% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIPM
G2 Investment Partners Management
New York
|
+$6.89M |
| 2 |
KKRC
Kohlberg Kravis Roberts & Co
New York
|
+$3.76M |
| 3 |
Skandinaviska Enskilda Banken (SEB)
Stockholm,
Sweden
|
+$1.89M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1M |
| 5 |
Boston Partners
Boston,
Massachusetts
|
+$969K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$3.27M |
| 2 |
Millennium Management
New York
|
-$584K |
| 3 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$494K |
| 4 |
MC
Menta Capital
San Francisco,
California
|
-$467K |
| 5 |
MTM
Millennium TVP Management
New York
|
-$463K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PIA
76
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$3K | -244 | Closed |
|
|
PCM
77
Prelude Capital Management
New York
| – | -$2K | -200 | Closed |
|
|
PHK
78
Point72 Hong Kong
Hong Kong
| – | -$1K | -133 | Closed |
|
79
SEI Investments
Oaks,
Pennsylvania
| – | -$1K | -123 | Closed |
|
RNET Hedge Fund Activity: Q3 2018 in Review
64 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in RigNet, Inc. (RNET) for Q3 2018, worth a combined $351M — up 104% from $172M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of RNET and 8 opened new positions — a net loss of 7 holders — while 23 trimmed existing stakes and 27 added.
The largest buyer was G2 Investment Partners Management, opening a new position worth an estimated $6.89M. The largest seller was JP Morgan Chase, cutting an estimated $3.27M.
- 64 institutional investors held RigNet, Inc. (RNET) as of Q3 2018, down from 71 in Q2 2018.
- Funds reported $351M of RigNet, Inc. stock for Q3 2018, up 104% quarter-over-quarter.
- 8 funds opened new RigNet, Inc. positions in Q3 2018 and 15 closed out, a net change of -7 holders.
- The largest RigNet, Inc. buyer in Q3 2018 was G2 Investment Partners Management, an estimated $6.89M added.
- The largest RigNet, Inc. seller in Q3 2018 was JP Morgan Chase, an estimated $3.27M sold.
Based on aggregated 13F filings for Q3 2018.