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RingCentral

300 hedge funds and large institutions have $2.45B invested in RingCentral in 2023 Q1 according to their latest regulatory filings, with 50 funds opening new positions, 110 increasing their positions, 98 reducing their positions, and 73 closing their positions.

New
Increased
Maintained
Reduced
Closed

23% more call options, than puts

Call options by funds: $182M | Put options by funds: $148M

12% more repeat investments, than reductions

Existing positions increased: 110 | Existing positions reduced: 98

0% more funds holding in top 10

Funds holding in top 10: 33 (0)

0.82% less ownership

Funds ownership: 94.08%93.26% (-0.82%)

9% less funds holding

Funds holding: 328300 (-28)

14% less capital invested

Capital invested by funds: $2.86B → $2.45B (-$414M)

32% less first-time investments, than exits

New positions opened: 50 | Existing positions closed: 73

Holders
300
Holders Change
-28
Holders Change %
-8.54%
% of All Funds
4.78%
Holding in Top 10
3
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.05%
New
50
Increased
110
Reduced
98
Closed
73
Calls
$182M
Puts
$148M
Net Calls
+$34M
Net Calls Change
-$104M
Name Holding Trade Value Shares
Change
Change in
Stake
TWA
276
TCI Wealth Advisors
Arizona
$1.26K
GRP
277
Global Retirement Partners
California
$1.22K -$751 -21 -31%
TPCW
278
TD Private Client Wealth
New York
$1.14K +$894 +25 +208%
HIA
279
Harbor Investment Advisory
Maryland
$1.04K
HGERS
280
Householder Group Estate & Retirement Specialist
Arizona
$1K
Toronto Dominion Bank
281
Toronto Dominion Bank
Ontario, Canada
$1K
EI
282
Ellevest Inc
New York
$859 -$17.2K -480 -94%
AAP
283
Arax Advisory Partners
Colorado
$859
FFA
284
Farther Finance Advisors
California
$644
WAM
285
Worth Asset Management
Texas
$613
HNB
286
Huntington National Bank
Ohio
$552 +$215 +6 +50%
PP
287
Pacifica Partners
Canada
$503
GEA
288
Glen Eagle Advisors
New Jersey
$491 -$1.18K -33 -67%
Commonwealth Equity Services
289
Commonwealth Equity Services
Massachusetts
$418 +$488K +13,650 New
GI
290
Gradient Investments
Minnesota
$399
AF
291
Allworth Financial
California
$369 -$17.5K -490 -98%
BWM
292
BerganKDV Wealth Management
Minnesota
$338
BC
293
Barrett & Company
Rhode Island
$307 +$358 +10 New
BF
294
BOK Financial
Oklahoma
$307 +$358 +10 New
MPWT
295
MassMutual Private Wealth & Trust
Connecticut
$245
PO
296
Private Ocean
California
$215 +$250 +7 New
FHA
297
First Horizon Advisors
Tennessee
$153
WWP
298
WR Wealth Planners
Missouri
$153
IAIM
299
International Assets Investment Management
Florida
$61 +$72 +2 New
Westfield Capital Management
300
Westfield Capital Management
Massachusetts
-$34.5M -974,224 Closed

RNG Hedge Fund Activity: Q1 2023 in Review

300 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q1 2023, worth a combined $2.45B — down 14% from $2.86B a quarter earlier.

Sellers outnumbered buyers: 73 funds closed out of RNG and 50 opened new positions — a net loss of 23 holders — while 98 trimmed existing stakes and 110 added.

The largest buyer was BlackRock, adding an estimated $50.2M. The largest seller was Wellington Management Group, cutting an estimated $52.3M.

  • 300 institutional investors held RingCentral (RNG) as of Q1 2023, down from 328 in Q4 2022.
  • Funds reported $2.45B of RingCentral stock for Q1 2023, down 14% quarter-over-quarter.
  • 50 funds opened new RingCentral positions in Q1 2023 and 73 closed out, a net change of -23 holders.
  • The largest RingCentral buyer in Q1 2023 was BlackRock, an estimated $50.2M added.
  • The largest RingCentral seller in Q1 2023 was Wellington Management Group, an estimated $52.3M sold.

Based on aggregated 13F filings for Q1 2023.