Ribbon Communications
RBBN
121 hedge funds and large institutions have $432M invested in Ribbon Communications in 2018 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 40 increasing their positions, 40 reducing their positions, and 22 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 40
9% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 22
1.18% less ownership
Funds ownership: 84.2% → 83.02% (-1.2%)
2% less funds holding
Funds holding: 123 → 121 (-2)
35% less capital invested
Capital invested by funds: $665M → $432M (-$234M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
+$4.46M |
| 2 |
Russell Investments Group
London,
United Kingdom
|
+$4.42M |
| 3 |
SBH
Segall Bryant & Hamill
Chicago,
Illinois
|
+$3.91M |
| 4 |
Millennium Management
New York
|
+$3.03M |
| 5 |
Renaissance Technologies
New York
|
+$2.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$31.6M |
| 2 |
HRCM
Hawk Ridge Capital Management
Los Angeles,
California
|
-$3.39M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
-$2.58M |
| 4 |
Capital Research Global Investors
Los Angeles,
California
|
-$2.27M |
| 5 |
MAG
Millrace Asset Group
Berwyn,
Pennsylvania
|
-$2.24M |
RBBN Hedge Fund Activity: Q1 2018 in Review
121 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Ribbon Communications (RBBN) for Q1 2018, worth a combined $432M — down 35% from $665M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of RBBN and 20 opened new positions — a net loss of 2 holders — while 40 trimmed existing stakes and 40 added.
The largest buyer was Royce & Associates, adding an estimated $4.46M. The largest seller was First Trust Advisors, exiting entirely with an estimated $31.6M sold.
- 121 institutional investors held Ribbon Communications (RBBN) as of Q1 2018, down from 123 in Q4 2017.
- Funds reported $432M of Ribbon Communications stock for Q1 2018, down 35% quarter-over-quarter.
- 20 funds opened new Ribbon Communications positions in Q1 2018 and 22 closed out, a net change of -2 holders.
- The largest Ribbon Communications buyer in Q1 2018 was Royce & Associates, an estimated $4.46M added.
- The largest Ribbon Communications seller in Q1 2018 was First Trust Advisors, an estimated $31.6M sold.
Based on aggregated 13F filings for Q1 2018.