RingCentral
161 hedge funds and large institutions have $1.52B invested in RingCentral in 2017 Q1 according to their latest regulatory filings, with 35 funds opening new positions, 43 increasing their positions, 61 reducing their positions, and 28 closing their positions.
75% more funds holding in top 10
Funds holding in top 10: 4 → 7 (+3)
47% more capital invested
Capital invested by funds: $1.04B → $1.52B (+$486M)
25% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 28
4.35% more ownership
Funds ownership: 83.22% → 87.57% (+4.3%)
1% less funds holding
Funds holding: 162 → 161 (-1)
30% less repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 61
47% less call options, than puts
Call options by funds: $3.22M | Put options by funds: $6.02M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$94.5M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$56M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$41M |
| 4 |
Adage Capital Partners
Boston,
Massachusetts
|
+$28.3M |
| 5 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$13.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$17.9M |
| 2 |
CCI
Columbus Circle Investors
|
-$15.2M |
| 3 |
HCS
Harvest Capital Strategies
San Francisco,
California
|
-$10.8M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$10.4M |
| 5 |
Alyeska Investment Group
Chicago,
Illinois
|
-$10.3M |
RNG Hedge Fund Activity: Q1 2017 in Review
161 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q1 2017, worth a combined $1.52B — up 47% from $1.04B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new RNG positions and 28 closed out — a net gain of 7 holders — while 43 added to existing stakes and 61 trimmed.
The largest buyer was BlackRock, adding an estimated $94.5M. The largest seller was T. Rowe Price Associates, cutting an estimated $17.9M.
- 161 institutional investors held RingCentral (RNG) as of Q1 2017, down from 162 in Q4 2016.
- Funds reported $1.52B of RingCentral stock for Q1 2017, up 47% quarter-over-quarter.
- 35 funds opened new RingCentral positions in Q1 2017 and 28 closed out, a net change of +7 holders.
- The largest RingCentral buyer in Q1 2017 was BlackRock, an estimated $94.5M added.
- The largest RingCentral seller in Q1 2017 was T. Rowe Price Associates, an estimated $17.9M sold.
Based on aggregated 13F filings for Q1 2017.