RingCentral
264 hedge funds and large institutions have $4.37B invested in RingCentral in 2018 Q2 according to their latest regulatory filings, with 43 funds opening new positions, 93 increasing their positions, 103 reducing their positions, and 27 closing their positions.
59% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 27
12% more capital invested
Capital invested by funds: $3.9B → $4.37B (+$469M)
6% more funds holding
Funds holding: 250 → 264 (+14)
1.33% more ownership
Funds ownership: 92.4% → 93.72% (+1.3%)
10% less repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 103
18% less funds holding in top 10
Funds holding in top 10: 11 → 9 (-2)
53% less call options, than puts
Call options by funds: $16.9M | Put options by funds: $36.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Alkeon Capital Management
New York
|
+$52.4M |
| 2 |
Goldman Sachs
New York
|
+$47.4M |
| 3 |
Millennium Management
New York
|
+$44.6M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$38.9M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$33.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$62.8M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$53M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$52.3M |
| 4 |
State Street
Boston,
Massachusetts
|
-$33.8M |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$31.2M |
RNG Hedge Fund Activity: Q2 2018 in Review
264 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q2 2018, worth a combined $4.37B — up 12% from $3.9B a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new RNG positions and 27 closed out — a net gain of 16 holders — while 93 added to existing stakes and 103 trimmed.
The largest buyer was Alkeon Capital Management, adding an estimated $52.4M. The largest seller was BlackRock, cutting an estimated $62.8M.
- 264 institutional investors held RingCentral (RNG) as of Q2 2018, up from 250 in Q1 2018.
- Funds reported $4.37B of RingCentral stock for Q2 2018, up 12% quarter-over-quarter.
- 43 funds opened new RingCentral positions in Q2 2018 and 27 closed out, a net change of +16 holders.
- The largest RingCentral buyer in Q2 2018 was Alkeon Capital Management, an estimated $52.4M added.
- The largest RingCentral seller in Q2 2018 was BlackRock, an estimated $62.8M sold.
Based on aggregated 13F filings for Q2 2018.