RingCentral
277 hedge funds and large institutions have $5.91B invested in RingCentral in 2018 Q3 according to their latest regulatory filings, with 49 funds opening new positions, 90 increasing their positions, 105 reducing their positions, and 33 closing their positions.
48% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 33
35% more capital invested
Capital invested by funds: $4.37B → $5.91B (+$1.54B)
5% more funds holding
Funds holding: 264 → 277 (+13)
0.09% less ownership
Funds ownership: 93.72% → 93.64% (-0.09%)
14% less repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 105
22% less funds holding in top 10
Funds holding in top 10: 9 → 7 (-2)
29% less call options, than puts
Call options by funds: $28.8M | Put options by funds: $40.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
+$259M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
+$50.4M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$29.3M |
| 4 |
Capital World Investors
Los Angeles,
California
|
+$25M |
| 5 |
CCI
Columbus Circle Investors
|
+$17.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$52.3M |
| 2 |
Renaissance Technologies
New York
|
-$45.6M |
| 3 |
GCP
Garelick Capital Partners
Boston,
Massachusetts
|
-$29.6M |
| 4 |
Alyeska Investment Group
Chicago,
Illinois
|
-$24.6M |
| 5 |
Millennium Management
New York
|
-$23.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
301
CIBC World Market
Toronto,
Ontario, Canada
| – | -$313K | -4,450 | Closed |
|
|
ZCA
302
Zeke Capital Advisors
Berwyn,
Pennsylvania
| – | -$209K | -2,973 | Closed |
|
|
C
303
Cerebellum
San Francisco,
California
| – | -$183K | -2,608 | Closed |
|
304
Comerica Bank
Dallas,
Texas
| – | -$202K | -2,467 | Closed |
|
|
TG
305
TLP Group
Evanston,
Illinois
| – | -$105K | -1,497 | Closed |
|
|
OIA
306
Optimum Investment Advisors
Chicago,
Illinois
| – | -$21K | -300 | Closed |
|
307
Parallax Volatility Advisers
San Francisco,
California
| – | -$13.9K | -161 | Closed |
|
308
Envestnet Asset Management
Chicago,
Illinois
| – | -$6K | -92 | Closed |
|
309
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$1K | -18 | Closed |
|
|
CAG
310
Csenge Advisory Group
Clearwater,
Florida
| – | +$173 | +2 | New |
|
RNG Hedge Fund Activity: Q3 2018 in Review
277 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q3 2018, worth a combined $5.91B — up 35% from $4.37B a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new RNG positions and 33 closed out — a net gain of 16 holders — while 90 added to existing stakes and 105 trimmed.
The largest buyer was Capital International Investors, opening a new position worth an estimated $259M. The largest seller was Goldman Sachs, cutting an estimated $52.3M.
- 277 institutional investors held RingCentral (RNG) as of Q3 2018, up from 264 in Q2 2018.
- Funds reported $5.91B of RingCentral stock for Q3 2018, up 35% quarter-over-quarter.
- 49 funds opened new RingCentral positions in Q3 2018 and 33 closed out, a net change of +16 holders.
- The largest RingCentral buyer in Q3 2018 was Capital International Investors, an estimated $259M added.
- The largest RingCentral seller in Q3 2018 was Goldman Sachs, an estimated $52.3M sold.
Based on aggregated 13F filings for Q3 2018.