RingCentral
180 hedge funds and large institutions have $2.49B invested in RingCentral in 2017 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 67 increasing their positions, 72 reducing their positions, and 19 closing their positions.
60% more call options, than puts
Call options by funds: $6.3M | Put options by funds: $3.94M
18% more capital invested
Capital invested by funds: $2.12B → $2.49B (+$371M)
16% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 19
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
1% more funds holding
Funds holding: 179 → 180 (+1)
0.36% more ownership
Funds ownership: 92.9% → 93.26% (+0.36%)
7% less repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 72
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$72.8M |
| 2 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$19.3M |
| 3 |
Capital World Investors
Los Angeles,
California
|
+$18.2M |
| 4 |
Millennium Management
New York
|
+$13.7M |
| 5 |
Two Sigma Investments
New York
|
+$12.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Palestra Capital Management
New York
|
-$43.1M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
-$30.1M |
| 3 |
HCM
Highline Capital Management
New York
|
-$21.7M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
-$21.2M |
| 5 |
VOYA Investment Management
Atlanta,
Georgia
|
-$18.7M |
RNG Hedge Fund Activity: Q3 2017 in Review
180 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q3 2017, worth a combined $2.49B — up 18% from $2.12B a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new RNG positions and 19 closed out — a net gain of 3 holders — while 67 added to existing stakes and 72 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $72.8M. The largest seller was Palestra Capital Management, exiting entirely with an estimated $43.1M sold.
- 180 institutional investors held RingCentral (RNG) as of Q3 2017, up from 179 in Q2 2017.
- Funds reported $2.49B of RingCentral stock for Q3 2017, up 18% quarter-over-quarter.
- 22 funds opened new RingCentral positions in Q3 2017 and 19 closed out, a net change of +3 holders.
- The largest RingCentral buyer in Q3 2017 was Fidelity Investments, an estimated $72.8M added.
- The largest RingCentral seller in Q3 2017 was Palestra Capital Management, an estimated $43.1M sold.
Based on aggregated 13F filings for Q3 2017.