RingCentral
287 hedge funds and large institutions have $2.66B invested in RingCentral in 2023 Q2 according to their latest regulatory filings, with 44 funds opening new positions, 103 increasing their positions, 103 reducing their positions, and 54 closing their positions.
154% more call options, than puts
Call options by funds: $149M | Put options by funds: $58.5M
9% more capital invested
Capital invested by funds: $2.45B → $2.66B (+$210M)
1.58% more ownership
Funds ownership: 93.26% → 94.84% (+1.6%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0% more repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 103
4% less funds holding
Funds holding: 300 → 287 (-13)
19% less first-time investments, than exits
New positions opened: 44 | Existing positions closed: 54
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCH
Sylebra Capital (HK)
Hong Kong
|
+$226M |
| 2 |
Renaissance Technologies
New York
|
+$28.9M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$24.4M |
| 4 |
Alkeon Capital Management
New York
|
+$14.8M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$13.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$57.2M |
| 2 |
Alyeska Investment Group
Chicago,
Illinois
|
-$51.1M |
| 3 |
Barclays
London,
United Kingdom
|
-$24.4M |
| 4 |
Capital International Investors
Los Angeles,
California
|
-$24.1M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
-$23.2M |
RNG Hedge Fund Activity: Q2 2023 in Review
287 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q2 2023, worth a combined $2.66B — up 8.6% from $2.45B a quarter earlier.
Sellers outnumbered buyers: 54 funds closed out of RNG and 44 opened new positions — a net loss of 10 holders — while 103 trimmed existing stakes and 103 added.
The largest buyer was Sylebra Capital (HK), adding an estimated $226M. The largest seller was BlackRock, cutting an estimated $57.2M.
- 287 institutional investors held RingCentral (RNG) as of Q2 2023, down from 300 in Q1 2023.
- Funds reported $2.66B of RingCentral stock for Q2 2023, up 8.6% quarter-over-quarter.
- 44 funds opened new RingCentral positions in Q2 2023 and 54 closed out, a net change of -10 holders.
- The largest RingCentral buyer in Q2 2023 was Sylebra Capital (HK), an estimated $226M added.
- The largest RingCentral seller in Q2 2023 was BlackRock, an estimated $57.2M sold.
Based on aggregated 13F filings for Q2 2023.