RigNet, Inc.
RNET
RNET was delisted on the 30th of April, 2021.
47 hedge funds and large institutions have $85.4M invested in RigNet, Inc. in 2020 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 9 increasing their positions, 12 reducing their positions, and 4 closing their positions.
300% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 4
42% more capital invested
Capital invested by funds: $60.1M → $85.4M (+$25.3M)
34% more funds holding
Funds holding: 35 → 47 (+12)
25% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 12
39% less call options, than puts
Call options by funds: $166K | Put options by funds: $270K
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
+$1.35M |
| 2 |
Tudor Investment Corp
Stamford,
Connecticut
|
+$877K |
| 3 |
AWW
Alan W. Weber
|
+$674K |
| 4 |
AC
AWH Capital
Dallas,
Texas
|
+$495K |
| 5 |
Walleye Capital
New York
|
+$399K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KAM
Kopion Asset Management
Mckinney,
Texas
|
-$2.44M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$1.31M |
| 3 |
AFM
Anson Funds Management
Dallas,
Texas
|
-$1M |
| 4 |
GIPM
G2 Investment Partners Management
New York
|
-$809K |
| 5 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$609K |
RNET Hedge Fund Activity: Q4 2020 in Review
47 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in RigNet, Inc. (RNET) for Q4 2020, worth a combined $85.4M — up 42% from $60.1M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new RNET positions and 4 closed out — a net gain of 12 holders — while 9 added to existing stakes and 12 trimmed.
The largest buyer was Glazer Capital LLC, opening a new position worth an estimated $1.35M. The largest seller was Kopion Asset Management, cutting an estimated $2.44M.
- 47 institutional investors held RigNet, Inc. (RNET) as of Q4 2020, up from 35 in Q3 2020.
- Funds reported $85.4M of RigNet, Inc. stock for Q4 2020, up 42% quarter-over-quarter.
- 16 funds opened new RigNet, Inc. positions in Q4 2020 and 4 closed out, a net change of +12 holders.
- The largest RigNet, Inc. buyer in Q4 2020 was Glazer Capital LLC, an estimated $1.35M added.
- The largest RigNet, Inc. seller in Q4 2020 was Kopion Asset Management, an estimated $2.44M sold.
Based on aggregated 13F filings for Q4 2020.