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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
YC
351
Yarbrough Capital
Tennessee
-$50.7K -1,433 Closed
HFM
352
Harvest Fund Management
China
-$49K -1,378 Closed
UB
353
UMB Bank
Missouri
-$20K -553 Closed
EC
354
Elequin Capital
New York
-$14.4K -407 Closed
AWM
355
Activest Wealth Management
Florida
-$12.8K -361 Closed
RTC
356
Riverview Trust Company
Washington
-$11K -320 Closed
CT
357
Clearstead Trust
Maine
-$10K -273 Closed
GWM
358
Geneos Wealth Management
Colorado
-$7.08K -200 Closed
MCC
359
Money Concepts Capital
Florida
-$6.3K -178 Closed
Rockefeller Capital Management
360
Rockefeller Capital Management
New York
-$2K -98 Closed
HNWAG
361
High Net Worth Advisory Group
Florida
-$2.65K -75 Closed
ZB
362
Zions Bancorporation
Utah
-$1.63K -46 Closed
BAAM
363
Baker Avenue Asset Management
California
-$1.49K -42 Closed
FGAM
364
Financial Gravity Asset Management
Texas
-$392 -35 Closed
CAL
365
Capital Advisors Ltd
Ohio
-$1K -28 Closed
MFG
366
Mendota Financial Group
Wisconsin
-$850 -24 Closed
WT
367
Whittier Trust
California
-$849 -24 Closed
JAM
368
JCIC Asset Management
Ontario, Canada
-$1K -22 Closed
AWM
369
Accurate Wealth Management
Florida
-$352 -10 Closed
CAS
370
Coppell Advisory Solutions
Texas
-$283 -8 Closed
CASC
371
Coppell Advisory Solutions Corp
Texas
-$283 -8 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.