RingCentral
521 hedge funds and large institutions have $22B invested in RingCentral in 2020 Q2 according to their latest regulatory filings, with 112 funds opening new positions, 206 increasing their positions, 155 reducing their positions, and 66 closing their positions.
70% more first-time investments, than exits
New positions opened: 112 | Existing positions closed: 66
34% more capital invested
Capital invested by funds: $16.4B → $22B (+$5.6B)
33% more repeat investments, than reductions
Existing positions increased: 206 | Existing positions reduced: 155
30% more call options, than puts
Call options by funds: $412M | Put options by funds: $318M
9% more funds holding
Funds holding: 477 → 521 (+44)
1.26% less ownership
Funds ownership: 101.53% → 100.28% (-1.3%)
14% less funds holding in top 10
Funds holding in top 10: 35 → 30 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
+$588M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$159M |
| 3 |
BlackRock
New York
|
+$156M |
| 4 |
JP Morgan Chase
New York
|
+$87.1M |
| 5 |
Janus Henderson Group
London,
United Kingdom
|
+$82.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$535M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
-$466M |
| 3 |
Coatue Management
New York
|
-$111M |
| 4 |
PC
Polar Capital
London,
United Kingdom
|
-$71.8M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
-$59.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EWM
576
Edge Wealth Management
New York
| – | -$43K | -200 | Closed |
|
|
SL
577
Salomon & Ludwin
Richmond,
Virginia
| – | -$36K | -170 | Closed |
|
|
OFG
578
OmniStar Financial Group
Wilmington,
North Carolina
| – | -$13K | -61 | Closed |
|
|
LIA
579
LS Investment Advisors
Bloomfield Hills,
Michigan
| – | -$12K | -57 | Closed |
|
|
TFA
580
Toth Financial Advisory
Leesburg,
Virginia
| – | -$11K | -50 | Closed |
|
|
KFS
581
Kelly Financial Services
Braintree,
Massachusetts
| – | -$8.48K | -40 | Closed |
|
|
AA
582
Advisory Alpha
Holland,
Michigan
| – | -$4.78K | -20 | Closed |
|
|
SFSIG
583
San Francisco Sentry Investment Group
San Francisco,
California
| – | -$4K | -17 | Closed |
|
|
TFS
584
TrustCore Financial Services
Brentwood,
Tennessee
| – | -$2K | -10 | Closed |
|
|
KPW
585
Kore Private Wealth
New York
| – | +$759 | +3 | New |
|
586
Simplex Trading
Chicago,
Illinois
| – | +$65.8K | +260 | +2% |
|
RNG Hedge Fund Activity: Q2 2020 in Review
521 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q2 2020, worth a combined $22B — up 34% from $16.4B a quarter earlier.
Buyers outnumbered sellers: 112 funds opened new RNG positions and 66 closed out — a net gain of 46 holders — while 206 added to existing stakes and 155 trimmed.
The largest buyer was Jennison Associates, adding an estimated $588M. The largest seller was Fidelity Investments, cutting an estimated $535M.
- 521 institutional investors held RingCentral (RNG) as of Q2 2020, up from 477 in Q1 2020.
- Funds reported $22B of RingCentral stock for Q2 2020, up 34% quarter-over-quarter.
- 112 funds opened new RingCentral positions in Q2 2020 and 66 closed out, a net change of +46 holders.
- The largest RingCentral buyer in Q2 2020 was Jennison Associates, an estimated $588M added.
- The largest RingCentral seller in Q2 2020 was Fidelity Investments, an estimated $535M sold.
Based on aggregated 13F filings for Q2 2020.