RigNet, Inc.
RNET
RNET was delisted on the 30th of April, 2021.
80 hedge funds and large institutions have $372M invested in RigNet, Inc. in 2015 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 28 increasing their positions, 27 reducing their positions, and 15 closing their positions.
4% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 27
8% less funds holding
Funds holding: 87 → 80 (-7)
21% less capital invested
Capital invested by funds: $468M → $372M (-$96.2M)
47% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 15
75% less funds holding in top 10
Funds holding in top 10: 4 → 1 (-3)
100% less call options, than puts
Call options by funds: $2K | Put options by funds: $497K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$16.9M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
+$2.99M |
| 3 |
RCM
Rutabaga Capital Management
Boston,
Massachusetts
|
+$2.62M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$2.12M |
| 5 |
SIMG
Stephens Investment Management Group
Houston,
Texas
|
+$1.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIM
RS Investment Management
San Francisco,
California
|
-$19.1M |
| 2 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
-$9.52M |
| 3 |
KCM
Kornitzer Capital Management
Shawnee Mission,
Kansas
|
-$7.05M |
| 4 |
SCPM
Sagard Capital Partners Management
New York
|
-$6.3M |
| 5 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
-$2.62M |
RNET Hedge Fund Activity: Q4 2015 in Review
80 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in RigNet, Inc. (RNET) for Q4 2015, worth a combined $372M — down 21% from $468M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of RNET and 8 opened new positions — a net loss of 7 holders — while 27 trimmed existing stakes and 28 added.
The largest buyer was Millennium Management, opening a new position worth an estimated $16.9M. The largest seller was RS Investment Management, exiting entirely with an estimated $19.1M sold.
- 80 institutional investors held RigNet, Inc. (RNET) as of Q4 2015, down from 87 in Q3 2015.
- Funds reported $372M of RigNet, Inc. stock for Q4 2015, down 21% quarter-over-quarter.
- 8 funds opened new RigNet, Inc. positions in Q4 2015 and 15 closed out, a net change of -7 holders.
- The largest RigNet, Inc. buyer in Q4 2015 was Millennium Management, an estimated $16.9M added.
- The largest RigNet, Inc. seller in Q4 2015 was RS Investment Management, an estimated $19.1M sold.
Based on aggregated 13F filings for Q4 2015.