RingCentral
262 hedge funds and large institutions have $2.79B invested in RingCentral in 2024 Q1 according to their latest regulatory filings, with 45 funds opening new positions, 85 increasing their positions, 101 reducing their positions, and 41 closing their positions.
10% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 41
8% more call options, than puts
Call options by funds: $48.2M | Put options by funds: $44.7M
1% more capital invested
Capital invested by funds: $2.75B → $2.79B (+$40.3M)
0.88% more ownership
Funds ownership: 96.71% → 97.6% (+0.88%)
0% more funds holding
Funds holding: 261 → 262 (+1)
16% less repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 101
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pacer Advisors
Malvern,
Pennsylvania
|
+$48.8M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$28.1M |
| 3 |
Capital World Investors
Los Angeles,
California
|
+$27.8M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
+$20M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$18.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$52.9M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$26.8M |
| 3 |
NSGL
No Street GP LP
San Francisco,
California
|
-$25.2M |
| 4 |
SC
Sylebra Capital
Palo Alto,
California
|
-$21.8M |
| 5 |
Alyeska Investment Group
Chicago,
Illinois
|
-$15.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GI
301
Gradient Investments
Arden Hills,
Minnesota
| – | -$441 | -13 | Closed |
|
|
BC
302
Barrett & Company
Providence,
Rhode Island
| – | -$340 | -10 | Closed |
|
303
AssetMark Inc
Concord,
California
| – | -$170 | -5 | Closed |
|
RNG Hedge Fund Activity: Q1 2024 in Review
262 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q1 2024, worth a combined $2.79B — up 1.5% from $2.75B a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new RNG positions and 41 closed out — a net gain of 4 holders — while 85 added to existing stakes and 101 trimmed.
The largest buyer was Pacer Advisors, opening a new position worth an estimated $48.8M. The largest seller was Morgan Stanley, cutting an estimated $52.9M.
- 262 institutional investors held RingCentral (RNG) as of Q1 2024, up from 261 in Q4 2023.
- Funds reported $2.79B of RingCentral stock for Q1 2024, up 1.5% quarter-over-quarter.
- 45 funds opened new RingCentral positions in Q1 2024 and 41 closed out, a net change of +4 holders.
- The largest RingCentral buyer in Q1 2024 was Pacer Advisors, an estimated $48.8M added.
- The largest RingCentral seller in Q1 2024 was Morgan Stanley, an estimated $52.9M sold.
Based on aggregated 13F filings for Q1 2024.