Ribbon Communications
RBBN
145 hedge funds and large institutions have $422M invested in Ribbon Communications in 2023 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 53 increasing their positions, 36 reducing their positions, and 13 closing their positions.
131% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 13
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
47% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 36
33% more capital invested
Capital invested by funds: $319M → $422M (+$104M)
12% more funds holding
Funds holding: 130 → 145 (+15)
0.94% more ownership
Funds ownership: 70.22% → 71.16% (+0.94%)
67% less call options, than puts
Call options by funds: $95K | Put options by funds: $290K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
+$7.73M |
| 2 |
Millennium Management
New York
|
+$4.47M |
| 3 |
RA
Royce & Associates
New York
|
+$2.11M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$1.83M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$1.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$16.8M |
| 2 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
-$1.2M |
| 3 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$1.17M |
| 4 |
WCM
Westerly Capital Management
San Francisco,
California
|
-$822K |
| 5 |
AE
AMH Equity
Great Neck,
New York
|
-$673K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WS
151
Wedbush Securities
Los Angeles,
California
| – | -$39K | -14,109 | Closed |
|
152
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
| – | -$38.7K | -13,870 | Closed |
|
|
AGM
153
Alpine Global Management
New York
| – | -$35K | -12,590 | Closed |
|
154
Rockefeller Capital Management
New York
| – | -$20K | -7,325 | Closed |
|
155
Allspring Global Investments
Charlotte,
North Carolina
| – | -$6.32K | -2,266 | Closed |
|
|
LC
156
Lindbrook Capital
Calabasas,
California
| – | -$181 | -65 | Closed |
|
|
FGAM
157
Financial Gravity Asset Management
Lakeway,
Texas
| – | -$34 | -3 | Closed |
|
RBBN Hedge Fund Activity: Q1 2023 in Review
145 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Ribbon Communications (RBBN) for Q1 2023, worth a combined $422M — up 33% from $319M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new RBBN positions and 13 closed out — a net gain of 17 holders — while 53 added to existing stakes and 36 trimmed.
The largest buyer was Neuberger Berman Group, adding an estimated $7.73M. The largest seller was First Trust Advisors, exiting entirely with an estimated $16.8M sold.
- 145 institutional investors held Ribbon Communications (RBBN) as of Q1 2023, up from 130 in Q4 2022.
- Funds reported $422M of Ribbon Communications stock for Q1 2023, up 33% quarter-over-quarter.
- 30 funds opened new Ribbon Communications positions in Q1 2023 and 13 closed out, a net change of +17 holders.
- The largest Ribbon Communications buyer in Q1 2023 was Neuberger Berman Group, an estimated $7.73M added.
- The largest Ribbon Communications seller in Q1 2023 was First Trust Advisors, an estimated $16.8M sold.
Based on aggregated 13F filings for Q1 2023.