Ribbon Communications
RBBN
111 hedge funds and large institutions have $375M invested in Ribbon Communications in 2020 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 42 increasing their positions, 37 reducing their positions, and 18 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
33% more capital invested
Capital invested by funds: $281M → $375M (+$93.8M)
14% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 37
1.53% more ownership
Funds ownership: 64.47% → 66% (+1.5%)
6% less funds holding
Funds holding: 118 → 111 (-7)
39% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FS
Feinberg Stephen
|
+$9.73M |
| 2 |
PCMI
Paradigm Capital Management Inc
Albany,
New York
|
+$4.53M |
| 3 |
BlackRock
New York
|
+$3.89M |
| 4 |
HIM
Herald Investment Management
London,
United Kingdom
|
+$1.74M |
| 5 |
State Street
Boston,
Massachusetts
|
+$1.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$2.34M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$2.3M |
| 3 |
RA
Royce & Associates
New York
|
-$1.57M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
-$1.21M |
| 5 |
HCM
Horrell Capital Management
Little Rock,
Arkansas
|
-$1.07M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$610 | -168 | -58% |
|
RBBN Hedge Fund Activity: Q2 2020 in Review
111 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Ribbon Communications (RBBN) for Q2 2020, worth a combined $375M — up 33% from $281M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of RBBN and 11 opened new positions — a net loss of 7 holders — while 37 trimmed existing stakes and 42 added.
The largest buyer was Feinberg Stephen, opening a new position worth an estimated $9.73M. The largest seller was Millennium Management, exiting entirely with an estimated $2.34M sold.
- 111 institutional investors held Ribbon Communications (RBBN) as of Q2 2020, down from 118 in Q1 2020.
- Funds reported $375M of Ribbon Communications stock for Q2 2020, up 33% quarter-over-quarter.
- 11 funds opened new Ribbon Communications positions in Q2 2020 and 18 closed out, a net change of -7 holders.
- The largest Ribbon Communications buyer in Q2 2020 was Feinberg Stephen, an estimated $9.73M added.
- The largest Ribbon Communications seller in Q2 2020 was Millennium Management, an estimated $2.34M sold.
Based on aggregated 13F filings for Q2 2020.