RingCentral
RNG
83 hedge funds and large institutions have $363M invested in RingCentral in 2014 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 41 increasing their positions, 13 reducing their positions, and 19 closing their positions.
215% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 13
47% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 19
27% more call options, than puts
Call options by funds: $2.22M | Put options by funds: $1.74M
12% more funds holding
Funds holding: 74 → 83 (+9)
4% more capital invested
Capital invested by funds: $350M → $363M (+$13.6M)
33.06% less ownership
Funds ownership: 117.87% → 84.82% (-33%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$23.5M |
| 2 |
BCPEM
Bain Capital Public Equity Management
Boston,
Massachusetts
|
+$13.6M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$12.3M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
+$11.7M |
| 5 |
LSCM
Light Street Capital Management
Palo Alto,
California
|
+$11.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Cisco Systems
San Jose,
California
|
-$31.7M |
| 2 |
LCP
Lamond Capital Partners
San Francisco,
California
|
-$13.4M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$5.37M |
| 4 |
KCM
Kornitzer Capital Management
Shawnee Mission,
Kansas
|
-$4.58M |
| 5 |
GIPM
G2 Investment Partners Management
New York
|
-$4.44M |
RNG Hedge Fund Activity: Q2 2014 in Review
83 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q2 2014, worth a combined $363M — up 3.9% from $350M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new RNG positions and 19 closed out — a net gain of 9 holders — while 41 added to existing stakes and 13 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $23.5M. The largest seller was Cisco Systems, exiting entirely with an estimated $31.7M sold.
- 83 institutional investors held RingCentral (RNG) as of Q2 2014, up from 74 in Q1 2014.
- Funds reported $363M of RingCentral stock for Q2 2014, up 3.9% quarter-over-quarter.
- 28 funds opened new RingCentral positions in Q2 2014 and 19 closed out, a net change of +9 holders.
- The largest RingCentral buyer in Q2 2014 was Fidelity Investments, an estimated $23.5M added.
- The largest RingCentral seller in Q2 2014 was Cisco Systems, an estimated $31.7M sold.
Based on aggregated 13F filings for Q2 2014.