RingCentral
250 hedge funds and large institutions have $3.9B invested in RingCentral in 2018 Q1 according to their latest regulatory filings, with 65 funds opening new positions, 59 increasing their positions, 92 reducing their positions, and 15 closing their positions.
333% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 15
38% more funds holding in top 10
Funds holding in top 10: 8 → 11 (+3)
35% more capital invested
Capital invested by funds: $2.88B → $3.9B (+$1.01B)
24% more funds holding
Funds holding: 202 → 250 (+48)
0.61% more ownership
Funds ownership: 91.79% → 92.4% (+0.61%)
21% less call options, than puts
Call options by funds: $12.7M | Put options by funds: $16.1M
36% less repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 92
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Alkeon Capital Management
New York
|
+$56.5M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$41M |
| 3 |
WRCM
Whale Rock Capital Management
Boston,
Massachusetts
|
+$40.2M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
+$38.3M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$28.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Southpoint Capital Advisors
New York
|
-$29.7M |
| 2 |
BlackRock
New York
|
-$26.7M |
| 3 |
HLC
Hunt Lane Capital
New York
|
-$23.4M |
| 4 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$17.7M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
-$17.6M |
RNG Hedge Fund Activity: Q1 2018 in Review
250 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q1 2018, worth a combined $3.9B — up 35% from $2.88B a quarter earlier.
Buyers outnumbered sellers: 65 funds opened new RNG positions and 15 closed out — a net gain of 50 holders — while 59 added to existing stakes and 92 trimmed.
The largest buyer was Alkeon Capital Management, opening a new position worth an estimated $56.5M. The largest seller was Southpoint Capital Advisors, cutting an estimated $29.7M.
- 250 institutional investors held RingCentral (RNG) as of Q1 2018, up from 202 in Q4 2017.
- Funds reported $3.9B of RingCentral stock for Q1 2018, up 35% quarter-over-quarter.
- 65 funds opened new RingCentral positions in Q1 2018 and 15 closed out, a net change of +50 holders.
- The largest RingCentral buyer in Q1 2018 was Alkeon Capital Management, an estimated $56.5M added.
- The largest RingCentral seller in Q1 2018 was Southpoint Capital Advisors, an estimated $29.7M sold.
Based on aggregated 13F filings for Q1 2018.