RigNet, Inc.
RNET
RNET was delisted on the 30th of April, 2021.
95 hedge funds and large institutions have $371M invested in RigNet, Inc. in 2013 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 33 increasing their positions, 31 reducing their positions, and 4 closing their positions.
500% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 4
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
73% more capital invested
Capital invested by funds: $214M → $371M (+$157M)
25% more funds holding
Funds holding: 76 → 95 (+19)
6% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$18.4M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$16.4M |
| 3 |
DS
Dudley & Shanley
Palm Beach,
Florida
|
+$10.6M |
| 4 |
HLA
Hamilton Lane Advisors
Conshohocken,
Pennsylvania
|
+$4.59M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$2.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIM
Act II Management
New York
|
-$5.37M |
| 2 |
RIM
RS Investment Management
San Francisco,
California
|
-$4.46M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
-$2.16M |
| 4 |
LCM
Lafitte Capital Management
Austin,
Texas
|
-$1.75M |
| 5 |
AIS
AlphaOne Investment Services
West Chester,
Pennsylvania
|
-$1.12M |
RNET Hedge Fund Activity: Q3 2013 in Review
95 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in RigNet, Inc. (RNET) for Q3 2013, worth a combined $371M — up 73% from $214M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new RNET positions and 4 closed out — a net gain of 20 holders — while 33 added to existing stakes and 31 trimmed.
The largest buyer was Lord, Abbett & Co, adding an estimated $18.4M. The largest seller was Act II Management, cutting an estimated $5.37M.
- 95 institutional investors held RigNet, Inc. (RNET) as of Q3 2013, up from 76 in Q2 2013.
- Funds reported $371M of RigNet, Inc. stock for Q3 2013, up 73% quarter-over-quarter.
- 24 funds opened new RigNet, Inc. positions in Q3 2013 and 4 closed out, a net change of +20 holders.
- The largest RigNet, Inc. buyer in Q3 2013 was Lord, Abbett & Co, an estimated $18.4M added.
- The largest RigNet, Inc. seller in Q3 2013 was Act II Management, an estimated $5.37M sold.
Based on aggregated 13F filings for Q3 2013.