RigNet, Inc.
RNET
RNET was delisted on the 30th of April, 2021.
94 hedge funds and large institutions have $230M invested in RigNet, Inc. in 2016 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 34 increasing their positions, 16 reducing their positions, and 13 closing their positions.
115% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 13
113% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 16
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
18% more funds holding
Funds holding: 80 → 94 (+14)
38% less capital invested
Capital invested by funds: $372M → $230M (-$141M)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $338K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$5.12M |
| 2 |
JP Morgan Chase
New York
|
+$4.12M |
| 3 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$3.15M |
| 4 |
CC
Cannell Capital
Alta,
Wyoming
|
+$2.39M |
| 5 |
SIMG
Stephens Investment Management Group
Houston,
Texas
|
+$2.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rutabaga Capital Management
Boston,
Massachusetts
|
-$21.1M |
| 2 |
Franklin Resources
San Mateo,
California
|
-$8.62M |
| 3 |
Millennium Management
New York
|
-$8.13M |
| 4 |
KCM
Kornitzer Capital Management
Shawnee Mission,
Kansas
|
-$7.63M |
| 5 |
CAM
Cortina Asset Management
Milwaukee,
Wisconsin
|
-$4.18M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
| – | -$724K | -35,000 | Closed |
|
|
LCM
102
LG Capital Management
Owings Mills,
Maryland
| – | -$565K | -27,300 | Closed |
|
|
WA
103
Wasatch Advisors
Salt Lake City,
Utah
| – | -$521K | -25,200 | Closed |
|
104
California Public Employees Retirement System
Sacramento,
California
| – | -$370K | -17,900 | Closed |
|
|
MLICM
105
Metropolitan Life Insurance Company (MetLife)
New York
| – | -$236K | -11,427 | Closed |
|
|
ST
106
Spot Trading
Chicago,
Illinois
| – | -$114K | -5,531 | Closed |
|
RNET Hedge Fund Activity: Q1 2016 in Review
94 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in RigNet, Inc. (RNET) for Q1 2016, worth a combined $230M — down 38% from $372M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new RNET positions and 13 closed out — a net gain of 15 holders — while 34 added to existing stakes and 16 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $5.12M. The largest seller was Rutabaga Capital Management, exiting entirely with an estimated $21.1M sold.
- 94 institutional investors held RigNet, Inc. (RNET) as of Q1 2016, up from 80 in Q4 2015.
- Funds reported $230M of RigNet, Inc. stock for Q1 2016, down 38% quarter-over-quarter.
- 28 funds opened new RigNet, Inc. positions in Q1 2016 and 13 closed out, a net change of +15 holders.
- The largest RigNet, Inc. buyer in Q1 2016 was Fidelity Investments, an estimated $5.12M added.
- The largest RigNet, Inc. seller in Q1 2016 was Rutabaga Capital Management, an estimated $21.1M sold.
Based on aggregated 13F filings for Q1 2016.