RingCentral
158 hedge funds and large institutions have $974M invested in RingCentral in 2016 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 67 increasing their positions, 45 reducing their positions, and 23 closing their positions.
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
49% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 45
47% more call options, than puts
Call options by funds: $11.9M | Put options by funds: $8.05M
26% more capital invested
Capital invested by funds: $774M → $974M (+$200M)
22% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 23
3% more funds holding
Funds holding: 154 → 158 (+4)
0.72% less ownership
Funds ownership: 84.61% → 83.89% (-0.72%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GGHC
Gilder Gagnon Howe & Co
New York
|
+$24.1M |
| 2 |
EM
Elliott Management
New York
|
+$9.46M |
| 3 |
HCS
Harvest Capital Strategies
San Francisco,
California
|
+$6.94M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$5.91M |
| 5 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$5.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCPEM
Bain Capital Public Equity Management
Boston,
Massachusetts
|
-$19.3M |
| 2 |
CC
Crosslink Capital
Menlo Park,
California
|
-$9.1M |
| 3 |
CCI
Columbus Circle Investors
|
-$9.01M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$8.84M |
| 5 |
Alyeska Investment Group
Chicago,
Illinois
|
-$7.33M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
SEI Investments
Oaks,
Pennsylvania
| – | -$108K | -5,732 | -100% |
|
|
BRA
177
Blue Rock Advisors
Wayzata,
Minnesota
| – | -$85K | -5,417 | Closed |
|
178
Simplex Trading
Chicago,
Illinois
| – | -$80.7K | -4,266 | Closed |
|
179
Creative Planning
Overland Park,
Kansas
| – | -$2K | -100 | Closed |
|
|
IA
180
IFP Advisors
Tampa,
Florida
| – | -$2K | -14 | Closed |
|
|
JG
181
Jefferies Group
New York
| – | +$114 | +6 | New |
|
RNG Hedge Fund Activity: Q2 2016 in Review
158 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q2 2016, worth a combined $974M — up 26% from $774M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new RNG positions and 23 closed out — a net gain of 5 holders — while 67 added to existing stakes and 45 trimmed.
The largest buyer was Gilder Gagnon Howe & Co, adding an estimated $24.1M. The largest seller was Bain Capital Public Equity Management, exiting entirely with an estimated $19.3M sold.
- 158 institutional investors held RingCentral (RNG) as of Q2 2016, up from 154 in Q1 2016.
- Funds reported $974M of RingCentral stock for Q2 2016, up 26% quarter-over-quarter.
- 28 funds opened new RingCentral positions in Q2 2016 and 23 closed out, a net change of +5 holders.
- The largest RingCentral buyer in Q2 2016 was Gilder Gagnon Howe & Co, an estimated $24.1M added.
- The largest RingCentral seller in Q2 2016 was Bain Capital Public Equity Management, an estimated $19.3M sold.
Based on aggregated 13F filings for Q2 2016.