RingCentral
179 hedge funds and large institutions have $2.12B invested in RingCentral in 2017 Q2 according to their latest regulatory filings, with 44 funds opening new positions, 63 increasing their positions, 58 reducing their positions, and 26 closing their positions.
69% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 26
39% more capital invested
Capital invested by funds: $1.52B → $2.12B (+$593M)
11% more funds holding
Funds holding: 161 → 179 (+18)
5.33% more ownership
Funds ownership: 87.57% → 92.9% (+5.3%)
9% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 58
0% more funds holding in top 10
Funds holding in top 10: 7 → 7 (0)
36% less call options, than puts
Call options by funds: $3.8M | Put options by funds: $5.91M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
+$42.2M |
| 2 |
PCM
Palestra Capital Management
New York
|
+$39M |
| 3 |
WRCM
Whale Rock Capital Management
Boston,
Massachusetts
|
+$35.7M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$27.5M |
| 5 |
HCM
Highline Capital Management
New York
|
+$19.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$22.4M |
| 2 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$21.4M |
| 3 |
Alyeska Investment Group
Chicago,
Illinois
|
-$19M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$18.1M |
| 5 |
GCP
Garelick Capital Partners
Boston,
Massachusetts
|
-$11.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
201
Group One Trading
Chicago,
Illinois
| – | -$144K | -4,348 | Closed |
|
|
TRCT
202
Tower Research Capital (TRC)
New York
| – | -$28K | -1,000 | Closed |
|
|
PHK
203
Point72 Hong Kong
Hong Kong
| – | -$12K | -410 | Closed |
|
|
FDCDDQ
204
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| – | -$1.42K | -50 | Closed |
|
|
QT
205
Quantbot Technologies
New York
| – | +$430 | +13 | New |
|
RNG Hedge Fund Activity: Q2 2017 in Review
179 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q2 2017, worth a combined $2.12B — up 39% from $1.52B a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new RNG positions and 26 closed out — a net gain of 18 holders — while 63 added to existing stakes and 58 trimmed.
The largest buyer was Capital World Investors, adding an estimated $42.2M. The largest seller was Victory Capital Management, cutting an estimated $22.4M.
- 179 institutional investors held RingCentral (RNG) as of Q2 2017, up from 161 in Q1 2017.
- Funds reported $2.12B of RingCentral stock for Q2 2017, up 39% quarter-over-quarter.
- 44 funds opened new RingCentral positions in Q2 2017 and 26 closed out, a net change of +18 holders.
- The largest RingCentral buyer in Q2 2017 was Capital World Investors, an estimated $42.2M added.
- The largest RingCentral seller in Q2 2017 was Victory Capital Management, an estimated $22.4M sold.
Based on aggregated 13F filings for Q2 2017.