RingCentral
RNG
521 hedge funds and large institutions have $22.4B invested in RingCentral in 2021 Q2 according to their latest regulatory filings, with 69 funds opening new positions, 208 increasing their positions, 176 reducing their positions, and 86 closing their positions.
18% more repeat investments, than reductions
Existing positions increased: 208 | Existing positions reduced: 176
14% more funds holding in top 10
Funds holding in top 10: 14 → 16 (+2)
14% more call options, than puts
Call options by funds: $597M | Put options by funds: $522M
0.52% less ownership
Funds ownership: 96.1% → 95.58% (-0.52%)
2% less capital invested
Capital invested by funds: $23B → $22.4B (-$528M)
4% less funds holding
Funds holding: 544 → 521 (-23)
20% less first-time investments, than exits
New positions opened: 69 | Existing positions closed: 86
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$370M |
| 2 |
SGA
Sustainable Growth Advisers
Stamford,
Connecticut
|
+$304M |
| 3 |
Capital International Investors
Los Angeles,
California
|
+$262M |
| 4 |
Tiger Global Management
New York
|
+$175M |
| 5 |
JP Morgan Chase
New York
|
+$174M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
-$869M |
| 2 |
BlackRock
New York
|
-$250M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$239M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$140M |
| 5 |
ZCI
Zevenbergen Capital Investments
Edmonds,
Washington
|
-$124M |
RNG Hedge Fund Activity: Q2 2021 in Review
521 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q2 2021, worth a combined $22.4B — down 2.3% from $23B a quarter earlier.
Sellers outnumbered buyers: 86 funds closed out of RNG and 69 opened new positions — a net loss of 17 holders — while 176 trimmed existing stakes and 208 added.
The largest buyer was Wellington Management Group, adding an estimated $370M. The largest seller was Jennison Associates, cutting an estimated $869M.
- 521 institutional investors held RingCentral (RNG) as of Q2 2021, down from 544 in Q1 2021.
- Funds reported $22.4B of RingCentral stock for Q2 2021, down 2.3% quarter-over-quarter.
- 69 funds opened new RingCentral positions in Q2 2021 and 86 closed out, a net change of -17 holders.
- The largest RingCentral buyer in Q2 2021 was Wellington Management Group, an estimated $370M added.
- The largest RingCentral seller in Q2 2021 was Jennison Associates, an estimated $869M sold.
Based on aggregated 13F filings for Q2 2021.