RingCentral
93 hedge funds and large institutions have $363M invested in RingCentral in 2014 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 41 increasing their positions, 20 reducing their positions, and 11 closing their positions.
105% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 20
104% more call options, than puts
Call options by funds: $1.31M | Put options by funds: $645K
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
100% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 11
12% more funds holding
Funds holding: 83 → 93 (+10)
0% more capital invested
Capital invested by funds: $363M → $363M (+$127K)
18.62% less ownership
Funds ownership: 84.82% → 66.2% (-19%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCCM
Herring Creek Capital Management
Stamford,
Connecticut
|
+$16.3M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$12.8M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$11.9M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$6.73M |
| 5 |
Alyeska Investment Group
Chicago,
Illinois
|
+$5.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSCM
Light Street Capital Management
Palo Alto,
California
|
-$12.1M |
| 2 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
-$3M |
| 3 |
CC
Crosslink Capital
Menlo Park,
California
|
-$1.92M |
| 4 |
OFC
Open Field Capital
New York,
United States
|
-$915K |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
-$669K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BG
101
BlackRock Group
London,
United Kingdom
| – | -$152K | -10,042 | Closed |
|
102
Group One Trading
Chicago,
Illinois
| – | -$38.7K | -2,810 | Closed |
|
|
VFA
103
Virtus Fund Advisers
Hartford,
Connecticut
| – | -$36K | -2,391 | Closed |
|
104
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$4K | -240 | Closed |
|
RNG Hedge Fund Activity: Q3 2014 in Review
93 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q3 2014, worth a combined $363M — up 0.03% from $363M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new RNG positions and 11 closed out — a net gain of 11 holders — while 41 added to existing stakes and 20 trimmed.
The largest buyer was Herring Creek Capital Management, opening a new position worth an estimated $16.3M. The largest seller was Light Street Capital Management, exiting entirely with an estimated $12.1M sold.
- 93 institutional investors held RingCentral (RNG) as of Q3 2014, up from 83 in Q2 2014.
- Funds reported $363M of RingCentral stock for Q3 2014, up 0.03% quarter-over-quarter.
- 22 funds opened new RingCentral positions in Q3 2014 and 11 closed out, a net change of +11 holders.
- The largest RingCentral buyer in Q3 2014 was Herring Creek Capital Management, an estimated $16.3M added.
- The largest RingCentral seller in Q3 2014 was Light Street Capital Management, an estimated $12.1M sold.
Based on aggregated 13F filings for Q3 2014.