RingCentral
515 hedge funds and large institutions have $21.3B invested in RingCentral in 2020 Q3 according to their latest regulatory filings, with 68 funds opening new positions, 209 increasing their positions, 186 reducing their positions, and 72 closing their positions.
12% more repeat investments, than reductions
Existing positions increased: 209 | Existing positions reduced: 186
0.37% less ownership
Funds ownership: 100.28% → 99.91% (-0.37%)
3% less capital invested
Capital invested by funds: $22B → $21.3B (-$693M)
3% less call options, than puts
Call options by funds: $439M | Put options by funds: $455M
6% less first-time investments, than exits
New positions opened: 68 | Existing positions closed: 72
1% less funds holding
Funds holding: 521 → 515 (-6)
30% less funds holding in top 10
Funds holding in top 10: 30 → 21 (-9)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$223M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$220M |
| 3 |
BlackRock
New York
|
+$170M |
| 4 |
PL
Parkwood LLC
Cleveland,
Ohio
|
+$137M |
| 5 |
FAM
Fred Alger Management
New York
|
+$94.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$282M |
| 2 |
CTA
Carillon Tower Advisers
St. Petersburg,
Florida
|
-$132M |
| 3 |
Capital International Investors
Los Angeles,
California
|
-$121M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
-$119M |
| 5 |
WRCM
Whale Rock Capital Management
Boston,
Massachusetts
|
-$97.5M |
RNG Hedge Fund Activity: Q3 2020 in Review
515 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q3 2020, worth a combined $21.3B — down 3.2% from $22B a quarter earlier.
Sellers outnumbered buyers: 72 funds closed out of RNG and 68 opened new positions — a net loss of 4 holders — while 186 trimmed existing stakes and 209 added.
The largest buyer was Invesco, adding an estimated $223M. The largest seller was Fidelity Investments, cutting an estimated $282M.
- 515 institutional investors held RingCentral (RNG) as of Q3 2020, down from 521 in Q2 2020.
- Funds reported $21.3B of RingCentral stock for Q3 2020, down 3.2% quarter-over-quarter.
- 68 funds opened new RingCentral positions in Q3 2020 and 72 closed out, a net change of -4 holders.
- The largest RingCentral buyer in Q3 2020 was Invesco, an estimated $223M added.
- The largest RingCentral seller in Q3 2020 was Fidelity Investments, an estimated $282M sold.
Based on aggregated 13F filings for Q3 2020.