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RingCentral
RNG

328 hedge funds and large institutions have $2.86B invested in RingCentral in 2022 Q4 according to their latest regulatory filings, with 65 funds opening new positions, 107 increasing their positions, 124 reducing their positions, and 90 closing their positions.

New
Increased
Maintained
Reduced
Closed

157% more call options, than puts

Call options by funds: $226M | Put options by funds: $88M

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

3.17% less ownership

Funds ownership: 97.25% → 94.08% (-3.2%)

8% less funds holding

Funds holding: 358 → 328 (-30)

14% less repeat investments, than reductions

Existing positions increased: 107 | Existing positions reduced: 124

14% less capital invested

Capital invested by funds: $3.33B → $2.86B (-$462M)

28% less first-time investments, than exits

New positions opened: 65 | Existing positions closed: 90

Holders
328
Holders Change
-30
Holders Change %
-8.38%
% of All Funds
5.27%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
65
Increased
107
Reduced
124
Closed
90
Calls
$226M
Puts
$88M
Net Calls
+$138M
Net Calls Change
+$119M

Top Buyers

1
Capital World Investors
Capital World Investors
California
+$110M
2
Alyeska Investment Group
Alyeska Investment Group
Illinois
+$51.3M
3
Westfield Capital Management
Westfield Capital Management
Massachusetts
+$34.8M
4
NSGL
No Street GP LP
California
+$32M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$29.3M

Top Sellers

1
Tiger Global Management
Tiger Global Management
New York
-$99.4M
2
Amundi
Amundi
France
-$94M
3
Man Group
Man Group
United Kingdom
-$39.7M
4
Millennium Management
Millennium Management
New York
-$27.8M
5
Korea Investment Corp
Korea Investment Corp
South Korea
-$22.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Assenagon Asset Management
26
Assenagon Asset Management
Luxembourg
$25.4M +$3.59M +100,399 +16%
Two Sigma Investments
27
Two Sigma Investments
New York
$22.2M +$1.88M +52,483 +9%
Barclays
28
Barclays
United Kingdom
$21.9M -$624K -17,438 -3%
Charles Schwab
29
Charles Schwab
California
$21.4M +$2.97M +82,960 +16%
Bank of New York Mellon
30
Bank of New York Mellon
New York
$19.4M -$3.3M -92,292 -14%
Holocene Advisors
31
Holocene Advisors
New York
$19.2M +$16M +447,064 +475%
Bank of Montreal
32
Bank of Montreal
Ontario, Canada
$18.7M +$9.1M +254,328 +114%
AQR Capital Management
33
AQR Capital Management
Connecticut
$16.5M -$11.8M -329,380 -41%
SIMG
34
Stephens Investment Management Group
Texas
$14.6M +$8.33M +232,845 +129%
IECM
35
Intrinsic Edge Capital Management
Illinois
$14.5M +$14.7M +409,912 New
Marshall Wace
36
Marshall Wace
United Kingdom
$14.4M -$1.88M -52,460 -11%
Bank of America
37
Bank of America
North Carolina
$14.3M -$11.1M -309,618 -43%
Northern Trust
38
Northern Trust
Illinois
$13.5M -$3.06M -85,602 -18%
SPPAM
39
Summit Partners Public Asset Management
Massachusetts
$13.4M +$13.6M +379,902 New
CSS
40
Cubist Systematic Strategies
Connecticut
$12.4M -$1.27M -35,604 -9%
SI
41
SQN Investors
California
$12.2M +$12.3M +344,390 New
N
42
Nuveen
North Carolina
$11.5M -$864K -24,150 -7%
ECM
43
ExodusPoint Capital Management
New York
$10.2M +$10.3M +288,038 New
Connor, Clark & Lunn Investment Management (CC&L)
44
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$9.98M +$7.62M +212,904 +309%
Aberdeen Group
45
Aberdeen Group
United Kingdom
$8.37M -$1.12M -31,239 -12%
Point72 Asset Management
46
Point72 Asset Management
Connecticut
$8.32M +$6.46M +180,642 +332%
WMSA
47
Weiss Multi-Strategy Advisers
New York
$8.18M +$1.87M +52,268 +29%
D.E. Shaw & Co
48
D.E. Shaw & Co
New York
$8.06M -$7.42M -207,397 -48%
CCM
49
Cota Capital Management
California
$7.65M – – –
PCM
50
Penn Capital Management
Pennsylvania
$7.59M +$6.26M +174,916 +453%
1
2
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RNG Hedge Fund Activity: Q4 2022 in Review

328 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q4 2022, worth a combined $2.86B — down 14% from $3.33B a quarter earlier.

Sellers outnumbered buyers: 90 funds closed out of RNG and 65 opened new positions — a net loss of 25 holders — while 124 trimmed existing stakes and 107 added.

The largest buyer was Capital World Investors, adding an estimated $110M. The largest seller was Tiger Global Management, exiting entirely with an estimated $99.4M sold.

  • 328 institutional investors held RingCentral (RNG) as of Q4 2022, down from 358 in Q3 2022.
  • Funds reported $2.86B of RingCentral stock for Q4 2022, down 14% quarter-over-quarter.
  • 65 funds opened new RingCentral positions in Q4 2022 and 90 closed out, a net change of -25 holders.
  • The largest RingCentral buyer in Q4 2022 was Capital World Investors, an estimated $110M added.
  • The largest RingCentral seller in Q4 2022 was Tiger Global Management, an estimated $99.4M sold.

Based on aggregated 13F filings for Q4 2022.