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RingCentral
RNG

283 hedge funds and large institutions have $2.28B invested in RingCentral in 2024 Q2 according to their latest regulatory filings, with 60 funds opening new positions, 98 increasing their positions, 83 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 60 | Existing positions closed: 36

18% more repeat investments, than reductions

Existing positions increased: 98 | Existing positions reduced: 83

8% more funds holding

Funds holding: 262 → 283 (+21)

1% more call options, than puts

Call options by funds: $35.5M | Put options by funds: $35.1M

0.95% more ownership

Funds ownership: 97.6% → 98.55% (+0.95%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

18% less capital invested

Capital invested by funds: $2.79B → $2.28B (-$509M)

Holders
283
Holders Change
+21
Holders Change %
+8.02%
% of All Funds
4.09%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
60
Increased
98
Reduced
83
Closed
36
Calls
$35.5M
Puts
$35.1M
Net Calls
+$403K
Net Calls Change
-$3.1M

Top Buyers

1
Alyeska Investment Group
Alyeska Investment Group
Illinois
+$65.2M
2
Ameriprise
Ameriprise
Minnesota
+$29.9M
3
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$16.9M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$16.1M
5
Pacer Advisors
Pacer Advisors
Pennsylvania
+$11.8M

Top Sellers

1
Capital World Investors
Capital World Investors
California
-$73.2M
2
GF
Greenhouse Funds
Maryland
-$30.3M
3
State Street
State Street
Massachusetts
-$21.8M
4
Voloridge Investment Management
Voloridge Investment Management
Florida
-$19M
5
Fidelity Investments
Fidelity Investments
Massachusetts
-$15.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Principal Financial Group
301
Principal Financial Group
Iowa
– -$295K -8,504 Closed
State of Wisconsin Investment Board
302
State of Wisconsin Investment Board
Wisconsin
– -$292K -8,414 Closed
Envestnet Asset Management
303
Envestnet Asset Management
Illinois
– -$253K -7,293 Closed
Wellington Management Group
304
Wellington Management Group
Massachusetts
– -$248K -7,151 Closed
Creative Planning
305
Creative Planning
Kansas
– -$245K -7,046 Closed
RIA
306
Regal Investment Advisors
Michigan
– -$242K -6,962 Closed
BAM
307
Belpointe Asset Management
Nevada
– -$231K -6,644 Closed
MFG
308
MidWestOne Financial Group
Iowa
– -$229K -6,592 Closed
AIG
309
American International Group
New York
– -$48.4K -1,394 Closed
Macquarie Group
310
Macquarie Group
Australia
– -$9.62K -277 Closed
SFCL
311
Strengthening Families & Communities LLC
Massachusetts
– -$6K -187 Closed
AAM
312
Advisors Asset Management
Colorado
– -$5.59K -161 Closed
HPC
313
HM Payson & Co
Maine
– -$5.21K -150 Closed
HGERS
314
Householder Group Estate & Retirement Specialist
Arizona
– -$1.08K -31 Closed
AT
315
Arlington Trust
Alabama
– -$591 -17 Closed
HFM
316
Harvest Fund Management
China
– -$1K -17 Closed
TCOV
317
Trust Company of Vermont
Vermont
– -$521 -15 Closed
FGAM
318
Financial Gravity Asset Management
Texas
– -$69 -2 Closed
AW
319
Avion Wealth
Texas
– +$32 +1 +7%
9 10 11 12
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RNG Hedge Fund Activity: Q2 2024 in Review

283 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q2 2024, worth a combined $2.28B — down 18% from $2.79B a quarter earlier.

Buyers outnumbered sellers: 60 funds opened new RNG positions and 36 closed out — a net gain of 24 holders — while 98 added to existing stakes and 83 trimmed.

The largest buyer was Alyeska Investment Group, opening a new position worth an estimated $65.2M. The largest seller was Capital World Investors, cutting an estimated $73.2M.

  • 283 institutional investors held RingCentral (RNG) as of Q2 2024, up from 262 in Q1 2024.
  • Funds reported $2.28B of RingCentral stock for Q2 2024, down 18% quarter-over-quarter.
  • 60 funds opened new RingCentral positions in Q2 2024 and 36 closed out, a net change of +24 holders.
  • The largest RingCentral buyer in Q2 2024 was Alyeska Investment Group, an estimated $65.2M added.
  • The largest RingCentral seller in Q2 2024 was Capital World Investors, an estimated $73.2M sold.

Based on aggregated 13F filings for Q2 2024.