RingCentral
RNG
311 hedge funds and large institutions have $7.91B invested in RingCentral in 2019 Q2 according to their latest regulatory filings, with 54 funds opening new positions, 107 increasing their positions, 113 reducing their positions, and 50 closing their positions.
8% more capital invested
Capital invested by funds: $7.3B → $7.91B (+$604M)
8% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 50
0.54% more ownership
Funds ownership: 97.29% → 97.83% (+0.54%)
0% more funds holding in top 10
Funds holding in top 10: 13 → 13 (0)
0% less funds holding
Funds holding: 312 → 311 (-1)
5% less repeat investments, than reductions
Existing positions increased: 107 | Existing positions reduced: 113
38% less call options, than puts
Call options by funds: $40.6M | Put options by funds: $65.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Tiger Global Management
New York
|
+$190M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$175M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
+$95M |
| 4 |
Capital International Investors
Los Angeles,
California
|
+$68.6M |
| 5 |
Capital World Investors
Los Angeles,
California
|
+$60.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRCM
Whale Rock Capital Management
Boston,
Massachusetts
|
-$137M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$85.5M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
-$51.3M |
| 4 |
CCI
Columbus Circle Investors
|
-$49.6M |
| 5 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$38M |
RNG Hedge Fund Activity: Q2 2019 in Review
311 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q2 2019, worth a combined $7.91B — up 8.3% from $7.3B a quarter earlier.
Buyers outnumbered sellers: 54 funds opened new RNG positions and 50 closed out — a net gain of 4 holders — while 107 added to existing stakes and 113 trimmed.
The largest buyer was Tiger Global Management, adding an estimated $190M. The largest seller was Whale Rock Capital Management, exiting entirely with an estimated $137M sold.
- 311 institutional investors held RingCentral (RNG) as of Q2 2019, down from 312 in Q1 2019.
- Funds reported $7.91B of RingCentral stock for Q2 2019, up 8.3% quarter-over-quarter.
- 54 funds opened new RingCentral positions in Q2 2019 and 50 closed out, a net change of +4 holders.
- The largest RingCentral buyer in Q2 2019 was Tiger Global Management, an estimated $190M added.
- The largest RingCentral seller in Q2 2019 was Whale Rock Capital Management, an estimated $137M sold.
Based on aggregated 13F filings for Q2 2019.