RingCentral
544 hedge funds and large institutions have $23B invested in RingCentral in 2021 Q1 according to their latest regulatory filings, with 75 funds opening new positions, 211 increasing their positions, 205 reducing their positions, and 94 closing their positions.
3% more repeat investments, than reductions
Existing positions increased: 211 | Existing positions reduced: 205
5% less call options, than puts
Call options by funds: $425M | Put options by funds: $449M
2.79% less ownership
Funds ownership: 98.9% → 96.1% (-2.8%)
5% less funds holding
Funds holding: 573 → 544 (-29)
20% less first-time investments, than exits
New positions opened: 75 | Existing positions closed: 94
23% less capital invested
Capital invested by funds: $29.8B → $23B (-$6.86B)
46% less funds holding in top 10
Funds holding in top 10: 26 → 14 (-12)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
+$387M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$220M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$115M |
| 4 |
JP Morgan Chase
New York
|
+$101M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$87.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$375M |
| 2 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
-$153M |
| 3 |
Alkeon Capital Management
New York
|
-$135M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
-$125M |
| 5 |
VOYA Investment Management
Atlanta,
Georgia
|
-$123M |
RNG Hedge Fund Activity: Q1 2021 in Review
544 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q1 2021, worth a combined $23B — down 23% from $29.8B a quarter earlier.
Sellers outnumbered buyers: 94 funds closed out of RNG and 75 opened new positions — a net loss of 19 holders — while 205 trimmed existing stakes and 211 added.
The largest buyer was Jennison Associates, adding an estimated $387M. The largest seller was T. Rowe Price Associates, cutting an estimated $375M.
- 544 institutional investors held RingCentral (RNG) as of Q1 2021, down from 573 in Q4 2020.
- Funds reported $23B of RingCentral stock for Q1 2021, down 23% quarter-over-quarter.
- 75 funds opened new RingCentral positions in Q1 2021 and 94 closed out, a net change of -19 holders.
- The largest RingCentral buyer in Q1 2021 was Jennison Associates, an estimated $387M added.
- The largest RingCentral seller in Q1 2021 was T. Rowe Price Associates, an estimated $375M sold.
Based on aggregated 13F filings for Q1 2021.