Ribbon Communications
RBBN
129 hedge funds and large institutions have $263M invested in Ribbon Communications in 2022 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 46 increasing their positions, 40 reducing their positions, and 13 closing their positions.
15% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 40
3.55% more ownership
Funds ownership: 67.12% → 70.67% (+3.6%)
2% less funds holding
Funds holding: 131 → 129 (-2)
14% less capital invested
Capital invested by funds: $307M → $263M (-$43.7M)
15% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 13
Top Buyers
| 1 |
Neuberger Berman Group
New York
|
+$31.8M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
+$11.6M |
| 3 |
JP Morgan Chase
New York
|
+$5.2M |
| 4 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
+$5.19M |
| 5 |
CH
CVI Holdings
Wilmington,
Delaware
|
+$4.81M |
Top Sellers
| 1 |
BlackRock
New York
|
-$2.18M |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$1.52M |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
-$1.36M |
| 4 |
Millennium Management
New York
|
-$799K |
| 5 |
Russell Investments Group
London,
United Kingdom
|
-$763K |
RBBN Hedge Fund Activity: Q3 2022 in Review
129 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Ribbon Communications (RBBN) for Q3 2022, worth a combined $263M — down 14% from $307M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of RBBN and 11 opened new positions — a net loss of 2 holders — while 40 trimmed existing stakes and 46 added.
The largest buyer was Neuberger Berman Group, adding an estimated $31.8M. The largest seller was BlackRock, cutting an estimated $2.18M.
- 129 institutional investors held Ribbon Communications (RBBN) as of Q3 2022, down from 131 in Q2 2022.
- Funds reported $263M of Ribbon Communications stock for Q3 2022, down 14% quarter-over-quarter.
- 11 funds opened new Ribbon Communications positions in Q3 2022 and 13 closed out, a net change of -2 holders.
- The largest Ribbon Communications buyer in Q3 2022 was Neuberger Berman Group, an estimated $31.8M added.
- The largest Ribbon Communications seller in Q3 2022 was BlackRock, an estimated $2.18M sold.
Based on aggregated 13F filings for Q3 2022.