Ribbon Communications
RBBN
124 hedge funds and large institutions have $256M invested in Ribbon Communications in 2015 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 60 increasing their positions, 35 reducing their positions, and 53 closing their positions.
95% more call options, than puts
Call options by funds: $3.79M | Put options by funds: $1.95M
71% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 35
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
20% less funds holding
Funds holding: 155 → 124 (-31)
58% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 53
63% less capital invested
Capital invested by funds: $698M → $256M (-$442M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
California Public Employees Retirement System
Sacramento,
California
|
+$9.92M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$9.08M |
| 3 |
HCM
Horrell Capital Management
Little Rock,
Arkansas
|
+$6.6M |
| 4 |
Millennium Management
New York
|
+$5.31M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$5.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECM
Empire Capital Management
Westport,
Connecticut
|
-$33.6M |
| 2 |
ClearBridge Investments
New York
|
-$21.3M |
| 3 |
Capital World Investors
Los Angeles,
California
|
-$19.9M |
| 4 |
CCM
Century Capital Management
Boston,
Massachusetts
|
-$14.8M |
| 5 |
Luther King Capital Management (LKCM)
Fort Worth,
Texas
|
-$8.28M |
RBBN Hedge Fund Activity: Q1 2015 in Review
124 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Ribbon Communications (RBBN) for Q1 2015, worth a combined $256M — down 63% from $698M a quarter earlier.
Sellers outnumbered buyers: 53 funds closed out of RBBN and 22 opened new positions — a net loss of 31 holders — while 35 trimmed existing stakes and 60 added.
The largest buyer was California Public Employees Retirement System, adding an estimated $9.92M. The largest seller was Empire Capital Management, cutting an estimated $33.6M.
- 124 institutional investors held Ribbon Communications (RBBN) as of Q1 2015, down from 155 in Q4 2014.
- Funds reported $256M of Ribbon Communications stock for Q1 2015, down 63% quarter-over-quarter.
- 22 funds opened new Ribbon Communications positions in Q1 2015 and 53 closed out, a net change of -31 holders.
- The largest Ribbon Communications buyer in Q1 2015 was California Public Employees Retirement System, an estimated $9.92M added.
- The largest Ribbon Communications seller in Q1 2015 was Empire Capital Management, an estimated $33.6M sold.
Based on aggregated 13F filings for Q1 2015.