RigNet, Inc.
RNET
RNET was delisted on the 30th of April, 2021.
67 hedge funds and large institutions have $229M invested in RigNet, Inc. in 2018 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 17 increasing their positions, 28 reducing their positions, and 6 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less funds holding
Funds holding: 71 → 67 (-4)
9% less capital invested
Capital invested by funds: $250M → $229M (-$21.8M)
39% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 28
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
87% less call options, than puts
Call options by funds: $46K | Put options by funds: $355K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$1.55M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$863K |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$805K |
| 4 |
RA
Royce & Associates
New York
|
+$478K |
| 5 |
MSL
Mackay Shields LLC
New York
|
+$461K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$647K |
| 2 |
AG
Algert Global
San Francisco,
California
|
-$501K |
| 3 |
JP Morgan Chase
New York
|
-$487K |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$212K |
| 5 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
-$179K |
RNET Hedge Fund Activity: Q1 2018 in Review
67 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in RigNet, Inc. (RNET) for Q1 2018, worth a combined $229M — down 8.7% from $250M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of RNET and 3 opened new positions — a net loss of 3 holders — while 28 trimmed existing stakes and 17 added.
The largest buyer was Punch & Associates Investment Management, adding an estimated $1.55M. The largest seller was ArrowMark Colorado Holdings, cutting an estimated $647K.
- 67 institutional investors held RigNet, Inc. (RNET) as of Q1 2018, down from 71 in Q4 2017.
- Funds reported $229M of RigNet, Inc. stock for Q1 2018, down 8.7% quarter-over-quarter.
- 3 funds opened new RigNet, Inc. positions in Q1 2018 and 6 closed out, a net change of -3 holders.
- The largest RigNet, Inc. buyer in Q1 2018 was Punch & Associates Investment Management, an estimated $1.55M added.
- The largest RigNet, Inc. seller in Q1 2018 was ArrowMark Colorado Holdings, an estimated $647K sold.
Based on aggregated 13F filings for Q1 2018.