RingCentral
202 hedge funds and large institutions have $2.88B invested in RingCentral in 2017 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 53 increasing their positions, 91 reducing their positions, and 15 closing their positions.
147% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 15
16% more capital invested
Capital invested by funds: $2.49B → $2.88B (+$398M)
12% more funds holding
Funds holding: 180 → 202 (+22)
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
1.47% less ownership
Funds ownership: 93.26% → 91.79% (-1.5%)
42% less repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 91
75% less call options, than puts
Call options by funds: $4.75M | Put options by funds: $18.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$72.4M |
| 2 |
BlackRock
New York
|
+$34.2M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$27M |
| 4 |
1WCM
12 West Capital Management
New York
|
+$13.7M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$11.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$22.9M |
| 2 |
JP Morgan Chase
New York
|
-$19.4M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
-$16.2M |
| 4 |
Millennium Management
New York
|
-$12.2M |
| 5 |
WRCM
Whale Rock Capital Management
Boston,
Massachusetts
|
-$11.8M |
RNG Hedge Fund Activity: Q4 2017 in Review
202 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q4 2017, worth a combined $2.88B — up 16% from $2.49B a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new RNG positions and 15 closed out — a net gain of 22 holders — while 53 added to existing stakes and 91 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $72.4M. The largest seller was Putnam Investments, cutting an estimated $22.9M.
- 202 institutional investors held RingCentral (RNG) as of Q4 2017, up from 180 in Q3 2017.
- Funds reported $2.88B of RingCentral stock for Q4 2017, up 16% quarter-over-quarter.
- 37 funds opened new RingCentral positions in Q4 2017 and 15 closed out, a net change of +22 holders.
- The largest RingCentral buyer in Q4 2017 was Fidelity Investments, an estimated $72.4M added.
- The largest RingCentral seller in Q4 2017 was Putnam Investments, an estimated $22.9M sold.
Based on aggregated 13F filings for Q4 2017.