RingCentral
59 hedge funds and large institutions have $207M invested in RingCentral in 2013 Q4 according to their latest regulatory filings, with 56 funds opening new positions, 3 increasing their positions, reducing their positions, and 7 closing their positions.
1,112% more capital invested
Capital invested by funds: $17M → $207M (+$190M)
700% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 7
490% more funds holding
Funds holding: 10 → 59 (+49)
309% more call options, than puts
Call options by funds: $90K | Put options by funds: $22K
117.81% more ownership
Funds ownership: 12.61% → 130.42% (+118%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Cisco Systems
San Jose,
California
|
+$38.3M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$26.3M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$21.9M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
+$16.3M |
| 5 |
Capital World Investors
Los Angeles,
California
|
+$8.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCPEM
Bain Capital Public Equity Management
Boston,
Massachusetts
|
-$2.25M |
| 2 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$1.8M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$1.27M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$822K |
| 5 |
CAM
Cortina Asset Management
Milwaukee,
Wisconsin
|
-$541K |
RNG Hedge Fund Activity: Q4 2013 in Review
59 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q4 2013, worth a combined $207M — up 1,112% from $17M a quarter earlier.
Buyers outnumbered sellers: 56 funds opened new RNG positions and 7 closed out — a net gain of 49 holders — while 3 added to existing stakes and 0 trimmed.
The largest buyer was Cisco Systems, opening a new position worth an estimated $38.3M. The largest seller was Bain Capital Public Equity Management, exiting entirely with an estimated $2.25M sold.
- 59 institutional investors held RingCentral (RNG) as of Q4 2013, up from 10 in Q3 2013.
- Funds reported $207M of RingCentral stock for Q4 2013, up 1,112% quarter-over-quarter.
- 56 funds opened new RingCentral positions in Q4 2013 and 7 closed out, a net change of +49 holders.
- The largest RingCentral buyer in Q4 2013 was Cisco Systems, an estimated $38.3M added.
- The largest RingCentral seller in Q4 2013 was Bain Capital Public Equity Management, an estimated $2.25M sold.
Based on aggregated 13F filings for Q4 2013.