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RingCentral

261 hedge funds and large institutions have $2.75B invested in RingCentral in 2023 Q4 according to their latest regulatory filings, with 43 funds opening new positions, 82 increasing their positions, 103 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

134% more call options, than puts

Call options by funds: $146M | Put options by funds: $62.2M

10% more first-time investments, than exits

New positions opened: 43 | Existing positions closed: 39

4% more capital invested

Capital invested by funds: $2.64B → $2.75B (+$116M)

1% more funds holding

Funds holding: 259261 (+2)

8.21% less ownership

Funds ownership: 104.93%96.71% (-8.2%)

20% less repeat investments, than reductions

Existing positions increased: 82 | Existing positions reduced: 103

25% less funds holding in top 10

Funds holding in top 10: 43 (-1)

Holders
261
Holders Change
+2
Holders Change %
+0.77%
% of All Funds
3.81%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.04%
New
43
Increased
82
Reduced
103
Closed
39
Calls
$146M
Puts
$62.2M
Net Calls
+$83.5M
Net Calls Change
+$61M
Name Holding Trade Value Shares
Change
Change in
Stake
ESCM
276
Echo Street Capital Management
New York
-$375K -12,660 Closed
AWM
277
Axxcess Wealth Management
California
-$356K -12,024 Closed
AIM
278
Aigen Investment Management
New York
-$311K -10,507 Closed
D.E. Shaw & Co
279
D.E. Shaw & Co
New York
-$293K -9,815 Closed
UOC
280
UBS O'Connor
Illinois
-$271K -9,155 Closed
OAM
281
Oppenheimer Asset Management
New York
-$251K -8,483 Closed
DA
282
Doliver Advisors
Texas
-$225K -7,608 Closed
SI
283
Stephens Inc
Arkansas
-$86K -2,903 Closed
NICM
284
Neo Ivy Capital Management
New York
-$53K -1,780 Closed
Asset Management One
285
Asset Management One
Japan
-$24.9K -840 Closed
RTC
286
Riverview Trust Company
Washington
-$14.1K -477 Closed
NA
287
NewEdge Advisors
Louisiana
-$8.83K -298 Closed
HT
288
Headlands Technologies
Illinois
-$4.83K -163 Closed
FFC
289
First Financial Corp
Indiana
-$4.53K -153 Closed
EWA
290
EverSource Wealth Advisors
Alabama
-$3.94K -133 Closed
AA
291
AlphaMark Advisors
Kentucky
-$3K -100 Closed
BAAM
292
Baker Avenue Asset Management
California
-$2.64K -89 Closed
AF
293
Allworth Financial
California
-$2.04K -69 Closed
EARNEST Partners
294
EARNEST Partners
Georgia
-$1.63K -55 Closed
PFBT
295
Parkside Financial Bank & Trust
Missouri
-$1.63K -55 Closed
HIA
296
Harbor Investment Advisory
Maryland
-$1.01K -34 Closed
PWA
297
Provenance Wealth Advisors
Florida
-$889 -30 Closed
MFG
298
Mendota Financial Group
Wisconsin
-$712 -24 Closed
CAS
299
Coppell Advisory Solutions
Texas
-$283 -8 Closed
WWP
300
WR Wealth Planners
Missouri
-$148 -5 Closed

RNG Hedge Fund Activity: Q4 2023 in Review

261 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q4 2023, worth a combined $2.75B — up 4.4% from $2.64B a quarter earlier.

Buyers outnumbered sellers: 43 funds opened new RNG positions and 39 closed out — a net gain of 4 holders — while 82 added to existing stakes and 103 trimmed.

The largest buyer was Ameriprise, adding an estimated $56.6M. The largest seller was Alkeon Capital Management, cutting an estimated $60.1M.

  • 261 institutional investors held RingCentral (RNG) as of Q4 2023, up from 259 in Q3 2023.
  • Funds reported $2.75B of RingCentral stock for Q4 2023, up 4.4% quarter-over-quarter.
  • 43 funds opened new RingCentral positions in Q4 2023 and 39 closed out, a net change of +4 holders.
  • The largest RingCentral buyer in Q4 2023 was Ameriprise, an estimated $56.6M added.
  • The largest RingCentral seller in Q4 2023 was Alkeon Capital Management, an estimated $60.1M sold.

Based on aggregated 13F filings for Q4 2023.