RingCentral
573 hedge funds and large institutions have $29.8B invested in RingCentral in 2020 Q4 according to their latest regulatory filings, with 119 funds opening new positions, 200 increasing their positions, 187 reducing their positions, and 56 closing their positions.
113% more first-time investments, than exits
New positions opened: 119 | Existing positions closed: 56
40% more capital invested
Capital invested by funds: $21.3B → $29.8B (+$8.53B)
24% more funds holding in top 10
Funds holding in top 10: 21 → 26 (+5)
11% more funds holding
Funds holding: 515 → 573 (+58)
7% more repeat investments, than reductions
Existing positions increased: 200 | Existing positions reduced: 187
1.01% less ownership
Funds ownership: 99.91% → 98.9% (-1%)
20% less call options, than puts
Call options by funds: $455M | Put options by funds: $566M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$319M |
| 2 |
CTA
Carillon Tower Advisers
St. Petersburg,
Florida
|
+$166M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$164M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$141M |
| 5 |
VOYA Investment Management
Atlanta,
Georgia
|
+$98.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
-$312M |
| 2 |
Norges Bank
Oslo,
Norway
|
-$141M |
| 3 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$139M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$114M |
| 5 |
JP Morgan Chase
New York
|
-$102M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AW
626
Alpha Windward
Westwood,
Massachusetts
| – | -$1K | -2 | Closed |
|
|
SIC
627
Salem Investment Counselors
Winston Salem,
North Carolina
| – | +$311 | +1 | New |
|
628
Simplex Trading
Chicago,
Illinois
| – | +$4.87M | +15,663 | New |
|
RNG Hedge Fund Activity: Q4 2020 in Review
573 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q4 2020, worth a combined $29.8B — up 40% from $21.3B a quarter earlier.
Buyers outnumbered sellers: 119 funds opened new RNG positions and 56 closed out — a net gain of 63 holders — while 200 added to existing stakes and 187 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $319M. The largest seller was Jennison Associates, cutting an estimated $312M.
- 573 institutional investors held RingCentral (RNG) as of Q4 2020, up from 515 in Q3 2020.
- Funds reported $29.8B of RingCentral stock for Q4 2020, up 40% quarter-over-quarter.
- 119 funds opened new RingCentral positions in Q4 2020 and 56 closed out, a net change of +63 holders.
- The largest RingCentral buyer in Q4 2020 was T. Rowe Price Associates, an estimated $319M added.
- The largest RingCentral seller in Q4 2020 was Jennison Associates, an estimated $312M sold.
Based on aggregated 13F filings for Q4 2020.