RingCentral
162 hedge funds and large institutions have $1.04B invested in RingCentral in 2016 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 54 increasing their positions, 61 reducing their positions, and 18 closing their positions.
44% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 18
5% more funds holding
Funds holding: 155 → 162 (+7)
0.12% less ownership
Funds ownership: 83.34% → 83.22% (-0.12%)
11% less capital invested
Capital invested by funds: $1.17B → $1.04B (-$132M)
11% less repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 61
39% less call options, than puts
Call options by funds: $5.64M | Put options by funds: $9.27M
43% less funds holding in top 10
Funds holding in top 10: 7 → 4 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VOYA Investment Management
Atlanta,
Georgia
|
+$21.5M |
| 2 |
GCP
Garelick Capital Partners
Boston,
Massachusetts
|
+$13.4M |
| 3 |
HLC
Hunt Lane Capital
New York
|
+$12.6M |
| 4 |
PC
Polar Capital
London,
United Kingdom
|
+$12.1M |
| 5 |
Capital World Investors
Los Angeles,
California
|
+$8.99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
-$17.1M |
| 2 |
CCI
Columbus Circle Investors
|
-$10.3M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$8.66M |
| 4 |
VEPM
Vista Equity Partners Management
San Francisco,
California
|
-$8.01M |
| 5 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$7.59M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BCM
176
Bayesian Capital Management
Brooklyn,
New York
| – | -$277K | -11,711 | Closed |
|
|
PP
177
Paloma Partners
Greenwich,
Connecticut
| – | -$274K | -11,594 | Closed |
|
|
RJFSA
178
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$215K | -9,107 | Closed |
|
179
Walleye Trading
New York
| – | -$56.2K | -2,572 | Closed |
|
RNG Hedge Fund Activity: Q4 2016 in Review
162 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q4 2016, worth a combined $1.04B — down 11% from $1.17B a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new RNG positions and 18 closed out — a net gain of 8 holders — while 54 added to existing stakes and 61 trimmed.
The largest buyer was VOYA Investment Management, adding an estimated $21.5M. The largest seller was Portolan Capital Management, cutting an estimated $17.1M.
- 162 institutional investors held RingCentral (RNG) as of Q4 2016, up from 155 in Q3 2016.
- Funds reported $1.04B of RingCentral stock for Q4 2016, down 11% quarter-over-quarter.
- 26 funds opened new RingCentral positions in Q4 2016 and 18 closed out, a net change of +8 holders.
- The largest RingCentral buyer in Q4 2016 was VOYA Investment Management, an estimated $21.5M added.
- The largest RingCentral seller in Q4 2016 was Portolan Capital Management, an estimated $17.1M sold.
Based on aggregated 13F filings for Q4 2016.