RingCentral
74 hedge funds and large institutions have $350M invested in RingCentral in 2014 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 26 increasing their positions, 17 reducing their positions, and 9 closing their positions.
178% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 9
172% more call options, than puts
Call options by funds: $462K | Put options by funds: $170K
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
69% more capital invested
Capital invested by funds: $207M → $350M (+$143M)
53% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 17
25% more funds holding
Funds holding: 59 → 74 (+15)
12.55% less ownership
Funds ownership: 130.42% → 117.87% (-13%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCPEM
Bain Capital Public Equity Management
Boston,
Massachusetts
|
+$29.8M |
| 2 |
RIM
RS Investment Management
San Francisco,
California
|
+$27.9M |
| 3 |
JP Morgan Chase
New York
|
+$21M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
+$19.8M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$11.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$11.6M |
| 2 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
-$2.92M |
| 3 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$2.69M |
| 4 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$1.98M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$1.92M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CCP
76
Clough Capital Partners
Boston,
Massachusetts
| – | -$1.92M | -104,500 | Closed |
|
|
BG
77
BlackRock Group
London,
United Kingdom
| – | -$841K | -45,800 | Closed |
|
78
BlackRock
New York
| – | -$454K | -24,700 | Closed |
|
|
SIM
79
Spark Investment Management
New York
| – | -$200K | -10,900 | Closed |
|
80
Credit Agricole
Montrouge Cedex,
France
| – | -$184K | -10,000 | Closed |
|
|
SO
81
STRS Ohio
Columbus,
Ohio
| – | -$70.3K | -3,500 | Closed |
|
|
U
82
UBS
Zurich,
Switzerland
| – | -$37K | -2,038 | Closed |
|
83
Creative Planning
Overland Park,
Kansas
| – | -$2K | -100 | Closed |
|
RNG Hedge Fund Activity: Q1 2014 in Review
74 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q1 2014, worth a combined $350M — up 69% from $207M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new RNG positions and 9 closed out — a net gain of 16 holders — while 26 added to existing stakes and 17 trimmed.
The largest buyer was Bain Capital Public Equity Management, opening a new position worth an estimated $29.8M. The largest seller was Fidelity Investments, cutting an estimated $11.6M.
- 74 institutional investors held RingCentral (RNG) as of Q1 2014, up from 59 in Q4 2013.
- Funds reported $350M of RingCentral stock for Q1 2014, up 69% quarter-over-quarter.
- 25 funds opened new RingCentral positions in Q1 2014 and 9 closed out, a net change of +16 holders.
- The largest RingCentral buyer in Q1 2014 was Bain Capital Public Equity Management, an estimated $29.8M added.
- The largest RingCentral seller in Q1 2014 was Fidelity Investments, an estimated $11.6M sold.
Based on aggregated 13F filings for Q1 2014.