RingCentral
RNG
154 hedge funds and large institutions have $1.13B invested in RingCentral in 2015 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 48 increasing their positions, 59 reducing their positions, and 14 closing their positions.
136% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 14
123% more call options, than puts
Call options by funds: $10.1M | Put options by funds: $4.55M
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
39% more capital invested
Capital invested by funds: $812M → $1.13B (+$317M)
13% more funds holding
Funds holding: 136 → 154 (+18)
4.24% more ownership
Funds ownership: 80.6% → 84.84% (+4.2%)
19% less repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 59
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GGHC
Gilder Gagnon Howe & Co
New York
|
+$31.1M |
| 2 |
CCI
Columbus Circle Investors
|
+$23.5M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
+$15.1M |
| 4 |
CCM
Century Capital Management
Boston,
Massachusetts
|
+$13.8M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$12.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Hitchwood Capital Management
New York
|
-$18.1M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
-$16.3M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$11.4M |
| 4 |
Adage Capital Partners
Boston,
Massachusetts
|
-$11.2M |
| 5 |
TA
Teachers Advisors
New York
|
-$6.9M |
RNG Hedge Fund Activity: Q4 2015 in Review
154 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q4 2015, worth a combined $1.13B — up 39% from $812M a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new RNG positions and 14 closed out — a net gain of 19 holders — while 48 added to existing stakes and 59 trimmed.
The largest buyer was Gilder Gagnon Howe & Co, adding an estimated $31.1M. The largest seller was Hitchwood Capital Management, exiting entirely with an estimated $18.1M sold.
- 154 institutional investors held RingCentral (RNG) as of Q4 2015, up from 136 in Q3 2015.
- Funds reported $1.13B of RingCentral stock for Q4 2015, up 39% quarter-over-quarter.
- 33 funds opened new RingCentral positions in Q4 2015 and 14 closed out, a net change of +19 holders.
- The largest RingCentral buyer in Q4 2015 was Gilder Gagnon Howe & Co, an estimated $31.1M added.
- The largest RingCentral seller in Q4 2015 was Hitchwood Capital Management, an estimated $18.1M sold.
Based on aggregated 13F filings for Q4 2015.