RingCentral
154 hedge funds and large institutions have $774M invested in RingCentral in 2016 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 53 increasing their positions, 58 reducing their positions, and 31 closing their positions.
61% more call options, than puts
Call options by funds: $9.24M | Put options by funds: $5.74M
0% more funds holding
Funds holding: 154 → 154 (0)
0% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 31
0.22% less ownership
Funds ownership: 84.84% → 84.61% (-0.22%)
9% less repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 58
31% less capital invested
Capital invested by funds: $1.13B → $774M (-$355M)
50% less funds holding in top 10
Funds holding in top 10: 6 → 3 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Alyeska Investment Group
Chicago,
Illinois
|
+$31.6M |
| 2 |
GGHC
Gilder Gagnon Howe & Co
New York
|
+$19.2M |
| 3 |
CCI
Columbus Circle Investors
|
+$15.3M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
+$12.4M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$11.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$24.2M |
| 2 |
BCPEM
Bain Capital Public Equity Management
Boston,
Massachusetts
|
-$20.4M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
-$16.5M |
| 4 |
CM
Castleark Management
Chicago,
Illinois
|
-$13.5M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$11.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
Verition Fund Management
Greenwich,
Connecticut
| – | -$269K | -11,409 | Closed |
|
|
TAM
177
Tocqueville Asset Management
New York
| – | -$259K | -11,000 | Closed |
|
|
DTL
178
Dynamic Technology Lab
Singapore
| – | -$207K | -8,789 | Closed |
|
|
P
179
Pitcairn
Conshohocken,
Pennsylvania
| – | -$201K | -8,530 | Closed |
|
|
FAM
180
Fortaleza Asset Management
Chicago,
Illinois
| – | -$188K | -7,965 | Closed |
|
|
HNB
181
Huntington National Bank
Columbus,
Ohio
| – | -$33K | -1,396 | Closed |
|
|
LIA
182
LS Investment Advisors
Bloomfield Hills,
Michigan
| – | -$8K | -356 | Closed |
|
|
KC
183
Kingfisher Capital
Charlotte,
North Carolina
| – | -$8K | -333 | Closed |
|
|
QCG
184
Quadrant Capital Group
Cincinnati,
Ohio
| – | -$5K | -243 | Closed |
|
|
NFG
185
Next Financial Group
Houston,
Texas
| – | -$2K | -100 | Closed |
|
RNG Hedge Fund Activity: Q1 2016 in Review
154 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q1 2016, worth a combined $774M — down 31% from $1.13B a quarter earlier.
Fund positioning in RNG was balanced in Q1 2016: 31 funds opened new positions, 31 closed out, 53 added to existing stakes and 58 trimmed.
The largest buyer was Alyeska Investment Group, adding an estimated $31.6M. The largest seller was Vaughan Nelson Investment Management, cutting an estimated $24.2M.
- 154 institutional investors held RingCentral (RNG) as of Q1 2016, unchanged from Q4 2015.
- Funds reported $774M of RingCentral stock for Q1 2016, down 31% quarter-over-quarter.
- 31 funds opened new RingCentral positions in Q1 2016 and 31 closed out, a net change of 0 holders.
- The largest RingCentral buyer in Q1 2016 was Alyeska Investment Group, an estimated $31.6M added.
- The largest RingCentral seller in Q1 2016 was Vaughan Nelson Investment Management, an estimated $24.2M sold.
Based on aggregated 13F filings for Q1 2016.