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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
VF
576
Virtu Financial
New York
– -$925K -2,441 Closed
CCG
577
Capital CS Group
California
– -$900K -2,374 Closed
HH
578
Hilltop Holdings
Texas
– -$703K -1,855 Closed
KPF
579
K2 Principal Fund
Ontario, Canada
– -$441K -1,200 Closed
SCA
580
Spearhead Capital Advisors
Florida
– -$452K -1,193 Closed
PFA
581
Professional Financial Advisors
Nebraska
– -$432K -1,141 Closed
Cetera Investment Advisers
582
Cetera Investment Advisers
Illinois
– -$422K -1,113 Closed
SSWM
583
Sheets Smith Wealth Management
North Carolina
– -$408K -1,077 Closed
TIAM2
584
Tru Independence Asset Management 2
Oregon
– -$403K -1,063 Closed
TFA
585
Toth Financial Advisory
Virginia
– -$398K -1,050 Closed
GLA
586
Great Lakes Advisors
Illinois
– -$381K -1,006 Closed
BWM
587
BT Wealth Management
Georgia
– -$379K -1,000 Closed
EMG
588
ETF Managers Group
New Jersey
– -$382K -984 Closed
TWM
589
TriaGen Wealth Management
California
– -$368K -970 Closed
ACI
590
Alpha Cubed Investments
California
– -$362K -955 Closed
AR
591
Advisory Research
Illinois
– -$334K -881 Closed
AIM
592
Aigen Investment Management
New York
– -$327K -862 Closed
QC
593
QCM Cayman
Texas
– -$327K -862 Closed
VFA
594
Voya Financial Advisors
Connecticut
– -$327K -844 Closed
HIIFS
595
Harel Insurance Investments & Financial Services
Israel
– -$999K -820 Closed
SWP
596
Strategic Wealth Partners
Ohio
– -$293K -774 Closed
SS
597
Simplicity Solutions
Minnesota
– -$289K -762 Closed
AG
598
AlphaSimPlex Group
Massachusetts
– -$288K -761 Closed
CI
599
Cigna Investments
Connecticut
– -$276K -730 Closed
PIA
600
Perennial Investment Advisors
California
– -$271K -716 Closed
22 23
24
25 26

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.