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RingCentral
RNG

477 hedge funds and large institutions have $16.4B invested in RingCentral in 2020 Q1 according to their latest regulatory filings, with 133 funds opening new positions, 163 increasing their positions, 143 reducing their positions, and 54 closing their positions.

New
Increased
Maintained
Reduced
Closed

146% more first-time investments, than exits

New positions opened: 133 | Existing positions closed: 54

59% more funds holding in top 10

Funds holding in top 10: 22 → 35 (+13)

31% more capital invested

Capital invested by funds: $12.5B → $16.4B (+$3.85B)

18% more funds holding

Funds holding: 403 → 477 (+74)

14% more repeat investments, than reductions

Existing positions increased: 163 | Existing positions reduced: 143

2.43% more ownership

Funds ownership: 99.1% → 101.53% (+2.4%)

13% less call options, than puts

Call options by funds: $264M | Put options by funds: $303M

Holders
477
Holders Change
+74
Holders Change %
+18.36%
% of All Funds
10.51%
Holding in Top 10
35
Holding in Top 10 Change
+13
Holding in Top 10 Change %
+59.09%
% of All Funds
0.77%
New
133
Increased
163
Reduced
143
Closed
54
Calls
$264M
Puts
$303M
Net Calls
-$39M
Net Calls Change
-$31.9M

Top Buyers

Rank Fund Capital Flow
1
Jennison Associates
Jennison Associates
New York
+$396M
2
Victory Capital Management
Victory Capital Management
Texas
+$356M
3
Alkeon Capital Management
Alkeon Capital Management
New York
+$277M
4
AllianceBernstein
AllianceBernstein
Tennessee
+$80.2M
5
Wellington Management Group
Wellington Management Group
Massachusetts
+$73M

Top Sellers

Rank Fund Capital Flow
1
Coatue Management
Coatue Management
New York
-$332M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$277M
3
Fidelity International
Fidelity International
Bermuda
-$175M
4
Invesco
Invesco
Georgia
-$78.5M
5
Two Sigma Investments
Two Sigma Investments
New York
-$66.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
TFO
476
Tarbox Family Office
California
$1K +$824 +4 New
ZB
477
Zions Bancorporation
Utah
$1K +$1.44K +7 New
Adage Capital Partners
478
Adage Capital Partners
Massachusetts
– -$27.8M -165,000 Closed
Holocene Advisors
479
Holocene Advisors
New York
– -$27.2M -161,441 Closed
Renaissance Technologies
480
Renaissance Technologies
New York
– -$26.3M -155,800 Closed
HAM
481
Honeycomb Asset Management
New York
– -$21.1M -125,000 Closed
SSA
482
Schonfeld Strategic Advisors
New York
– -$20.5M -121,600 Closed
Assenagon Asset Management
483
Assenagon Asset Management
Luxembourg
– -$20M -118,334 Closed
IP
484
Interval Partners
New York
– -$18.6M -110,000 Closed
MC
485
Maplelane Capital
New York
– -$16.9M -99,913 Closed
Point72 Asset Management
486
Point72 Asset Management
Connecticut
– -$13.8M -81,896 Closed
ECM
487
ExodusPoint Capital Management
New York
– -$6.49M -31,522 Closed
ARTA
488
A.R.T. Advisors
New York
– -$4.2M -24,901 Closed
BM
489
Brandywine Managers
Delaware
– -$3.9M -23,095 Closed
MGM
490
Miura Global Management
New York
– -$3.54M -21,000 Closed
SIM
491
Spark Investment Management
New York
– -$3.04M -18,000 Closed
VCM
492
Venator Capital Management
Ontario, Canada
– -$2.95M -17,500 Closed
BC
493
Breakline Capital
New York
– -$2.93M -17,356 Closed
DIM
494
Delta Investment Management
California
– -$2.46M -14,605 Closed
EGM
495
Engineers Gate Manager
New York
– -$2.06M -12,185 Closed
Twin Tree Management
496
Twin Tree Management
Texas
– -$2.4M -11,648 Closed
BA
497
Bridgewater Associates
Connecticut
– -$1.89M -11,201 Closed
TI
498
Trexquant Investment
Connecticut
– -$1.44M -8,533 Closed
Voloridge Investment Management
499
Voloridge Investment Management
Florida
– -$1.18M -6,999 Closed
Capital Fund Management (CFM)
500
Capital Fund Management (CFM)
France
– -$1.3M -6,312 Closed
18 19
20
21 22

RNG Hedge Fund Activity: Q1 2020 in Review

477 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q1 2020, worth a combined $16.4B — up 31% from $12.5B a quarter earlier.

Buyers outnumbered sellers: 133 funds opened new RNG positions and 54 closed out — a net gain of 79 holders — while 163 added to existing stakes and 143 trimmed.

The largest buyer was Jennison Associates, adding an estimated $396M. The largest seller was Coatue Management, cutting an estimated $332M.

  • 477 institutional investors held RingCentral (RNG) as of Q1 2020, up from 403 in Q4 2019.
  • Funds reported $16.4B of RingCentral stock for Q1 2020, up 31% quarter-over-quarter.
  • 133 funds opened new RingCentral positions in Q1 2020 and 54 closed out, a net change of +79 holders.
  • The largest RingCentral buyer in Q1 2020 was Jennison Associates, an estimated $396M added.
  • The largest RingCentral seller in Q1 2020 was Coatue Management, an estimated $332M sold.

Based on aggregated 13F filings for Q1 2020.