RingCentral
312 hedge funds and large institutions have $7.3B invested in RingCentral in 2019 Q1 according to their latest regulatory filings, with 66 funds opening new positions, 96 increasing their positions, 114 reducing their positions, and 36 closing their positions.
83% more first-time investments, than exits
New positions opened: 66 | Existing positions closed: 36
34% more capital invested
Capital invested by funds: $5.45B → $7.3B (+$1.85B)
10% more funds holding
Funds holding: 284 → 312 (+28)
0.84% more ownership
Funds ownership: 96.45% → 97.29% (+0.84%)
1% more call options, than puts
Call options by funds: $64.7M | Put options by funds: $64.3M
16% less repeat investments, than reductions
Existing positions increased: 96 | Existing positions reduced: 114
28% less funds holding in top 10
Funds holding in top 10: 18 → 13 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Tiger Global Management
New York
|
+$133M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
+$61.9M |
| 3 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$50.1M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
+$49.8M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$45.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$42.8M |
| 2 |
JP Morgan Chase
New York
|
-$41.4M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$33.4M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
-$27.3M |
| 5 |
PC
Polar Capital
London,
United Kingdom
|
-$25.8M |
RNG Hedge Fund Activity: Q1 2019 in Review
312 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q1 2019, worth a combined $7.3B — up 34% from $5.45B a quarter earlier.
Buyers outnumbered sellers: 66 funds opened new RNG positions and 36 closed out — a net gain of 30 holders — while 96 added to existing stakes and 114 trimmed.
The largest buyer was Tiger Global Management, opening a new position worth an estimated $133M. The largest seller was Millennium Management, cutting an estimated $42.8M.
- 312 institutional investors held RingCentral (RNG) as of Q1 2019, up from 284 in Q4 2018.
- Funds reported $7.3B of RingCentral stock for Q1 2019, up 34% quarter-over-quarter.
- 66 funds opened new RingCentral positions in Q1 2019 and 36 closed out, a net change of +30 holders.
- The largest RingCentral buyer in Q1 2019 was Tiger Global Management, an estimated $133M added.
- The largest RingCentral seller in Q1 2019 was Millennium Management, an estimated $42.8M sold.
Based on aggregated 13F filings for Q1 2019.