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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
Charles Schwab
51
Charles Schwab
California
$68.4M +$1.72M +4,666 +2%
AllianceBernstein
52
AllianceBernstein
Tennessee
$67.4M -$2.07M -5,643 -2%
EAM
53
Eventide Asset Management
Massachusetts
$65.9M +$1.92M +5,210 +2%
US Bancorp
54
US Bancorp
Minnesota
$63.7M -$2.07M -5,640 -3%
PWAM
55
Park West Asset Management
California
$63.1M -$12M -32,707 -13%
SPPAM
56
Summit Partners Public Asset Management
Massachusetts
$61.5M -$19.5M -53,167 -20%
T. Rowe Price Associates
57
T. Rowe Price Associates
Maryland
$60.8M -$375M -1,020,817 -83%
Norges Bank
58
Norges Bank
Norway
$60.2M +$47.4M +128,870 +176%
SIMG
59
Stephens Investment Management Group
Texas
$57.4M +$141K +384 +0.2%
Primecap Management
60
Primecap Management
California
$55M +$165K +450 +0.2%
PPA
61
Parametric Portfolio Associates
Washington
$49.7M -$3.86M -10,494 -6%
California Public Employees Retirement System
62
California Public Employees Retirement System
California
$49.4M -$2.96M -8,060 -5%
Bank of Montreal
63
Bank of Montreal
Ontario, Canada
$48.4M +$20M +54,327 +54%
EVM
64
Eaton Vance Management
Massachusetts
$45.3M +$3.31K +9 +0%
California State Teachers Retirement System (CalSTRS)
65
California State Teachers Retirement System (CalSTRS)
California
$44.3M +$345K +939 +0.6%
Westfield Capital Management
66
Westfield Capital Management
Massachusetts
$43.7M -$22.6M -61,373 -29%
State of Wisconsin Investment Board
67
State of Wisconsin Investment Board
Wisconsin
$43.2M -$8.64M -23,509 -14%
CMG
68
Cavalry Management Group
California
$39.9M -$28.7M -78,119 -37%
Morgan Stanley
69
Morgan Stanley
New York
$39.6M +$19M +51,727 +64%
First Trust Advisors
70
First Trust Advisors
Illinois
$38M +$9.89M +26,885 +27%
BAWC
71
Black-and-white Capital
California
$37.3M +$7.52M +20,455 +20%
CS
72
Credit Suisse
Switzerland
$35.4M +$7.45M +20,252 +21%
Point72 Asset Management
73
Point72 Asset Management
Connecticut
$35.3M -$46.7M -126,998 -52%
Citadel Advisors
74
Citadel Advisors
Florida
$35.2M +$35.2M +95,781 +426%
Arrowstreet Capital
75
Arrowstreet Capital
Massachusetts
$34.9M +$36M +97,804 +508%
1 2
3
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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.