RingCentral
155 hedge funds and large institutions have $1.17B invested in RingCentral in 2016 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 57 increasing their positions, 55 reducing their positions, and 23 closing their positions.
226% more call options, than puts
Call options by funds: $5.01M | Put options by funds: $1.54M
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
20% more capital invested
Capital invested by funds: $974M → $1.17B (+$194M)
4% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 55
0.55% less ownership
Funds ownership: 83.89% → 83.34% (-0.55%)
9% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 23
2% less funds holding
Funds holding: 158 → 155 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$75.3M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$27.4M |
| 3 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
+$10.1M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$8.27M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$7.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCI
Columbus Circle Investors
|
-$20.4M |
| 2 |
EM
Elliott Management
New York
|
-$9.86M |
| 3 |
HLC
Hunt Lane Capital
New York
|
-$8.8M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$7.06M |
| 5 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
-$5.62M |
RNG Hedge Fund Activity: Q3 2016 in Review
155 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q3 2016, worth a combined $1.17B — up 20% from $974M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of RNG and 21 opened new positions — a net loss of 2 holders — while 55 trimmed existing stakes and 57 added.
The largest buyer was Victory Capital Management, opening a new position worth an estimated $75.3M. The largest seller was Columbus Circle Investors, cutting an estimated $20.4M.
- 155 institutional investors held RingCentral (RNG) as of Q3 2016, down from 158 in Q2 2016.
- Funds reported $1.17B of RingCentral stock for Q3 2016, up 20% quarter-over-quarter.
- 21 funds opened new RingCentral positions in Q3 2016 and 23 closed out, a net change of -2 holders.
- The largest RingCentral buyer in Q3 2016 was Victory Capital Management, an estimated $75.3M added.
- The largest RingCentral seller in Q3 2016 was Columbus Circle Investors, an estimated $20.4M sold.
Based on aggregated 13F filings for Q3 2016.