RigNet, Inc.
RNET
RNET was delisted on the 30th of April, 2021.
80 hedge funds and large institutions have $494M invested in RigNet, Inc. in 2015 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 35 increasing their positions, 21 reducing their positions, and 18 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 21
13% less funds holding
Funds holding: 92 → 80 (-12)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
28% less capital invested
Capital invested by funds: $685M → $494M (-$191M)
44% less call options, than puts
Call options by funds: $86K | Put options by funds: $154K
67% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$18.5M |
| 2 |
Franklin Resources
San Mateo,
California
|
+$15.7M |
| 3 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$10.6M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$5.16M |
| 5 |
Schroder Investment Management Group
London,
United Kingdom
|
+$4.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$15.3M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$15.3M |
| 3 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$11.2M |
| 4 |
NCGI
Next Century Growth Investors
Plymouth,
Minnesota
|
-$3.13M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$3.07M |
RNET Hedge Fund Activity: Q1 2015 in Review
80 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in RigNet, Inc. (RNET) for Q1 2015, worth a combined $494M — down 28% from $685M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of RNET and 6 opened new positions — a net loss of 12 holders — while 21 trimmed existing stakes and 35 added.
The largest buyer was Massachusetts Financial Services, opening a new position worth an estimated $18.5M. The largest seller was Icon Advisers, exiting entirely with an estimated $15.3M sold.
- 80 institutional investors held RigNet, Inc. (RNET) as of Q1 2015, down from 92 in Q4 2014.
- Funds reported $494M of RigNet, Inc. stock for Q1 2015, down 28% quarter-over-quarter.
- 6 funds opened new RigNet, Inc. positions in Q1 2015 and 18 closed out, a net change of -12 holders.
- The largest RigNet, Inc. buyer in Q1 2015 was Massachusetts Financial Services, an estimated $18.5M added.
- The largest RigNet, Inc. seller in Q1 2015 was Icon Advisers, an estimated $15.3M sold.
Based on aggregated 13F filings for Q1 2015.