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RingCentral
RNG

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
544
Holders Change
-29
Holders Change %
-5.06%
% of All Funds
9.55%
Holding in Top 10
14
Holding in Top 10 Change
-12
Holding in Top 10 Change %
-46.15%
% of All Funds
0.25%
New
75
Increased
211
Reduced
205
Closed
94
Calls
$425M
Puts
$449M
Net Calls
-$23.7M
Net Calls Change
+$87.3M

Top Buyers

1
Jennison Associates
Jennison Associates
New York
+$387M
2
Ameriprise
Ameriprise
Minnesota
+$220M
3
Wells Fargo
Wells Fargo
California
+$115M
4
JP Morgan Chase
JP Morgan Chase
New York
+$101M
5
Bank of America
Bank of America
North Carolina
+$87.6M

Top Sellers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$375M
2
FCM
Frontier Capital Management
Massachusetts
-$153M
3
Alkeon Capital Management
Alkeon Capital Management
New York
-$135M
4
Allianz Asset Management
Allianz Asset Management
Germany
-$125M
5
VOYA Investment Management
VOYA Investment Management
Georgia
-$123M
Name Holding Trade Value Shares
Change 		Change in
Stake
VNIM
551
Vaughan Nelson Investment Management
Texas
– -$11.8M -31,166 Closed
CCP
552
Clough Capital Partners
Massachusetts
– -$9.88M -26,070 Closed
WMSA
553
Weiss Multi-Strategy Advisers
New York
– -$9.63M -25,400 Closed
NFAM
554
North Fourth Asset Management
New Jersey
– -$9.49M -25,050 Closed
OC
555
One01 Capital
California
– -$8.94M -23,600 Closed
MAM
556
Melqart Asset Management
United Kingdom
– -$8.6M -22,700 Closed
DBG
557
De Burlo Group
Massachusetts
– -$8.56M -22,600 Closed
E
558
Ergoteles
New York
– -$8.2M -21,636 Closed
CWM
559
CIBC World Markets
New York
– -$7.54M -19,882 Closed
BCM
560
Bridgeway Capital Management
Texas
– -$6.21M -16,400 Closed
ACM
561
Alight Capital Management
New York
– -$4.93M -13,000 Closed
CLCM
562
Center Lake Capital Management
Florida
– -$4.47M -11,800 Closed
BAM
563
Bullseye Asset Management
Colorado
– -$4.07M -10,741 Closed
SSI
564
Scott & Selber Inc
Texas
– -$3.42M -9,023 Closed
DCM
565
Discovery Capital Management
Connecticut
– -$3.04M -8,021 Closed
KC
566
KCL Capital
New York
– -$2.84M -7,500 Closed
BBCM
567
Boardman Bay Capital Management
New York
– -$2.27M -6,000 Closed
AG
568
Algert Global
California
– -$1.96M -5,182 Closed
CIA
569
Capital Impact Advisors
Massachusetts
– -$1.9M -5,000 Closed
AI
570
Atria Investments
North Carolina
– -$1.81M -4,766 Closed
Verition Fund Management
571
Verition Fund Management
Connecticut
– -$1.52M -4,004 Closed
CIBC World Market
572
CIBC World Market
Ontario, Canada
– -$1.35M -3,575 Closed
BC
573
Breakline Capital
New York
– -$1.34M -3,529 Closed
Cerity Partners
574
Cerity Partners
New York
– -$1.17M -3,094 Closed
AFT
575
Alpha Family Trust
California
– -$1.13M -2,975 Closed
21 22
23
24 25

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.