RigNet, Inc.
RNET
RNET was delisted on the 30th of April, 2021.
54 hedge funds and large institutions have $170M invested in RigNet, Inc. in 2019 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 17 increasing their positions, 23 reducing their positions, and 10 closing their positions.
300% more call options, than puts
Call options by funds: $20K | Put options by funds: $5K
14% less funds holding
Funds holding: 63 → 54 (-9)
23% less capital invested
Capital invested by funds: $220M → $170M (-$49.9M)
26% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 23
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
80% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIPM
G2 Investment Partners Management
New York
|
+$2.34M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$905K |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$533K |
| 4 |
JP Morgan Chase
New York
|
+$311K |
| 5 |
PI
PEAK6 Investments
Chicago,
Illinois
|
+$265K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$762K |
| 2 |
Skandinaviska Enskilda Banken (SEB)
Stockholm,
Sweden
|
-$712K |
| 3 |
BlackRock
New York
|
-$600K |
| 4 |
Boston Partners
Boston,
Massachusetts
|
-$485K |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$406K |
RNET Hedge Fund Activity: Q1 2019 in Review
54 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in RigNet, Inc. (RNET) for Q1 2019, worth a combined $170M — down 23% from $220M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of RNET and 2 opened new positions — a net loss of 8 holders — while 23 trimmed existing stakes and 17 added.
The largest buyer was G2 Investment Partners Management, adding an estimated $2.34M. The largest seller was ArrowMark Colorado Holdings, cutting an estimated $762K.
- 54 institutional investors held RigNet, Inc. (RNET) as of Q1 2019, down from 63 in Q4 2018.
- Funds reported $170M of RigNet, Inc. stock for Q1 2019, down 23% quarter-over-quarter.
- 2 funds opened new RigNet, Inc. positions in Q1 2019 and 10 closed out, a net change of -8 holders.
- The largest RigNet, Inc. buyer in Q1 2019 was G2 Investment Partners Management, an estimated $2.34M added.
- The largest RigNet, Inc. seller in Q1 2019 was ArrowMark Colorado Holdings, an estimated $762K sold.
Based on aggregated 13F filings for Q1 2019.