Ribbon Communications
RBBN
109 hedge funds and large institutions have $432M invested in Ribbon Communications in 2019 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 44 increasing their positions, 32 reducing their positions, and 17 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 32
4% less capital invested
Capital invested by funds: $449M → $432M (-$16.9M)
1.36% less ownership
Funds ownership: 81.22% → 79.86% (-1.4%)
6% less funds holding
Funds holding: 116 → 109 (-7)
29% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 17
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
97% less call options, than puts
Call options by funds: $15K | Put options by funds: $560K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NC
Nokomis Capital
Dallas,
Texas
|
+$7.42M |
| 2 |
Nuveen
Charlotte,
North Carolina
|
+$3.27M |
| 3 |
HIM
Herald Investment Management
London,
United Kingdom
|
+$2.98M |
| 4 |
PCMI
Paradigm Capital Management Inc
Albany,
New York
|
+$2.26M |
| 5 |
Neuberger Berman Group
New York
|
+$2.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$4.14M |
| 2 |
RA
Royce & Associates
New York
|
-$2.46M |
| 3 |
VCA
VIEX Capital Advisors
Sunny Isles Beach,
Florida
|
-$2.09M |
| 4 |
MAG
Millrace Asset Group
Berwyn,
Pennsylvania
|
-$2.01M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$1.52M |
RBBN Hedge Fund Activity: Q2 2019 in Review
109 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Ribbon Communications (RBBN) for Q2 2019, worth a combined $432M — down 3.8% from $449M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of RBBN and 12 opened new positions — a net loss of 5 holders — while 32 trimmed existing stakes and 44 added.
The largest buyer was Nokomis Capital, opening a new position worth an estimated $7.42M. The largest seller was Hotchkis & Wiley Capital Management, exiting entirely with an estimated $4.14M sold.
- 109 institutional investors held Ribbon Communications (RBBN) as of Q2 2019, down from 116 in Q1 2019.
- Funds reported $432M of Ribbon Communications stock for Q2 2019, down 3.8% quarter-over-quarter.
- 12 funds opened new Ribbon Communications positions in Q2 2019 and 17 closed out, a net change of -5 holders.
- The largest Ribbon Communications buyer in Q2 2019 was Nokomis Capital, an estimated $7.42M added.
- The largest Ribbon Communications seller in Q2 2019 was Hotchkis & Wiley Capital Management, an estimated $4.14M sold.
Based on aggregated 13F filings for Q2 2019.