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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
TS
26
Tamar Securities
California
$12.1M +$609K +18,921 +5%
CSS
27
Cubist Systematic Strategies
Connecticut
$11.7M +$7.95M +247,238 +148%
Coatue Management
28
Coatue Management
New York
$11.6M – – –
Jane Street
29
Jane Street
New York
$10.6M +$10.8M +336,829 +855%
GF
30
Greenhouse Funds
Maryland
$9.74M -$30.3M -941,129 -73%
Invesco
31
Invesco
Georgia
$9.31M +$7.26M +225,688 +216%
JP Morgan Chase
32
JP Morgan Chase
New York
$8.95M +$932K +28,988 +10%
Man Group
33
Man Group
United Kingdom
$8.8M +$3.72M +115,637 +59%
UBS AM
34
UBS AM
Illinois
$7.75M +$4.56M +141,725 +107%
Goldman Sachs
35
Goldman Sachs
New York
$7.69M +$1.34M +41,779 +18%
Connor, Clark & Lunn Investment Management (CC&L)
36
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$6.48M +$5.96M +185,297 +417%
JAM
37
Jupiter Asset Management
United Kingdom
$6.18M +$5.65M +175,715 +404%
N
38
Nuveen
North Carolina
$6.06M +$29.2K +907 +0.4%
Point72 Asset Management
39
Point72 Asset Management
Connecticut
$6.05M -$12.2M -378,400 -64%
Canada Life
40
Canada Life
Manitoba, Canada
$5.64M -$407K -12,656 -6%
Jacobs Levy Equity Management
41
Jacobs Levy Equity Management
New Jersey
$5.55M -$3.68M -114,294 -37%
Lazard Asset Management
42
Lazard Asset Management
New York
$5.32M +$468K +14,557 +8%
Assenagon Asset Management
43
Assenagon Asset Management
Luxembourg
$5.25M – – –
UBS Group
44
UBS Group
Switzerland
$5.01M +$1.59M +49,571 +39%
AG
45
Algert Global
California
$4.96M +$4.58M +142,495 +429%
SFI
46
Susquehanna Fundamental Investments
Pennsylvania
$4.8M +$5.48M +170,265 New
TI
47
Trexquant Investment
Connecticut
$4.66M +$2.47M +76,737 +87%
Two Sigma Advisers
48
Two Sigma Advisers
New York
$4.56M -$3.44M -106,900 -40%
EGM
49
Engineers Gate Manager
New York
$4.53M +$3.51M +109,057 +211%
HIMC
50
Heritage Investors Management Corp
Maryland
$4.46M +$21.2K +658 +0.4%
1
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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.