Ribbon Communications
RBBN
132 hedge funds and large institutions have $398M invested in Ribbon Communications in 2024 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 40 increasing their positions, 49 reducing their positions, and 12 closing their positions.
67% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 12
6% more capital invested
Capital invested by funds: $374M → $398M (+$23.9M)
6% more funds holding
Funds holding: 125 → 132 (+7)
0.39% more ownership
Funds ownership: 71.67% → 72.06% (+0.39%)
2% less call options, than puts
Call options by funds: $168K | Put options by funds: $172K
18% less repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 49
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$5.17M |
| 2 |
PCMI
Paradigm Capital Management Inc
Albany,
New York
|
+$3.27M |
| 3 |
Neuberger Berman Group
New York
|
+$3.19M |
| 4 |
JP Morgan Chase
New York
|
+$1.34M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
-$2.12M |
| 2 |
Morgan Stanley
New York
|
-$1.46M |
| 3 |
BlackRock
New York
|
-$1.1M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
-$433K |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$304K |
RBBN Hedge Fund Activity: Q1 2024 in Review
132 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Ribbon Communications (RBBN) for Q1 2024, worth a combined $398M — up 6.4% from $374M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new RBBN positions and 12 closed out — a net gain of 8 holders — while 40 added to existing stakes and 49 trimmed.
The largest buyer was Franklin Resources, opening a new position worth an estimated $5.17M. The largest seller was Intrinsic Edge Capital Management, exiting entirely with an estimated $2.12M sold.
- 132 institutional investors held Ribbon Communications (RBBN) as of Q1 2024, up from 125 in Q4 2023.
- Funds reported $398M of Ribbon Communications stock for Q1 2024, up 6.4% quarter-over-quarter.
- 20 funds opened new Ribbon Communications positions in Q1 2024 and 12 closed out, a net change of +8 holders.
- The largest Ribbon Communications buyer in Q1 2024 was Franklin Resources, an estimated $5.17M added.
- The largest Ribbon Communications seller in Q1 2024 was Intrinsic Edge Capital Management, an estimated $2.12M sold.
Based on aggregated 13F filings for Q1 2024.