RingCentral
101 hedge funds and large institutions have $602M invested in RingCentral in 2015 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 41 increasing their positions, 24 reducing their positions, and 16 closing their positions.
98% more call options, than puts
Call options by funds: $2.1M | Put options by funds: $1.06M
71% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 24
50% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 16
20% more capital invested
Capital invested by funds: $502M → $602M (+$100M)
9% more funds holding
Funds holding: 93 → 101 (+8)
8.18% more ownership
Funds ownership: 67.7% → 75.89% (+8.2%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$18.9M |
| 2 |
CCI
Columbus Circle Investors
|
+$13.2M |
| 3 |
Canada Life
Winnipeg,
Manitoba, Canada
|
+$7.78M |
| 4 |
PC
Pier Capital
Stamford,
Connecticut
|
+$6.33M |
| 5 |
CM
Castleark Management
Chicago,
Illinois
|
+$6.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
SG Capital Management
Chicago,
Illinois
|
-$6.04M |
| 2 |
HCCM
Herring Creek Capital Management
Stamford,
Connecticut
|
-$2.5M |
| 3 |
LCP
Lamond Capital Partners
San Francisco,
California
|
-$2.41M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.98M |
| 5 |
HAM
Harber Asset Management
Asheville,
North Carolina
|
-$1.79M |
RNG Hedge Fund Activity: Q1 2015 in Review
101 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q1 2015, worth a combined $602M — up 20% from $502M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new RNG positions and 16 closed out — a net gain of 8 holders — while 41 added to existing stakes and 24 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $18.9M. The largest seller was SG Capital Management, cutting an estimated $6.04M.
- 101 institutional investors held RingCentral (RNG) as of Q1 2015, up from 93 in Q4 2014.
- Funds reported $602M of RingCentral stock for Q1 2015, up 20% quarter-over-quarter.
- 24 funds opened new RingCentral positions in Q1 2015 and 16 closed out, a net change of +8 holders.
- The largest RingCentral buyer in Q1 2015 was Fidelity Investments, an estimated $18.9M added.
- The largest RingCentral seller in Q1 2015 was SG Capital Management, an estimated $6.04M sold.
Based on aggregated 13F filings for Q1 2015.