RingCentral
325 hedge funds and large institutions have $8.83B invested in RingCentral in 2019 Q3 according to their latest regulatory filings, with 56 funds opening new positions, 103 increasing their positions, 114 reducing their positions, and 42 closing their positions.
33% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 42
12% more capital invested
Capital invested by funds: $7.91B → $8.83B (+$919M)
5% more funds holding
Funds holding: 311 → 325 (+14)
0.1% more ownership
Funds ownership: 97.83% → 97.93% (+0.1%)
0% more funds holding in top 10
Funds holding in top 10: 13 → 13 (0)
10% less repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 114
36% less call options, than puts
Call options by funds: $89.4M | Put options by funds: $141M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Holocene Advisors
New York
|
+$63.2M |
| 2 |
Alkeon Capital Management
New York
|
+$62.3M |
| 3 |
Coatue Management
New York
|
+$58M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$47.4M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$46.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$43.9M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$43.3M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$42.4M |
| 4 |
Capital International Investors
Los Angeles,
California
|
-$38.1M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$33.1M |
RNG Hedge Fund Activity: Q3 2019 in Review
325 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q3 2019, worth a combined $8.83B — up 12% from $7.91B a quarter earlier.
Buyers outnumbered sellers: 56 funds opened new RNG positions and 42 closed out — a net gain of 14 holders — while 103 added to existing stakes and 114 trimmed.
The largest buyer was Holocene Advisors, opening a new position worth an estimated $63.2M. The largest seller was BlackRock, cutting an estimated $43.9M.
- 325 institutional investors held RingCentral (RNG) as of Q3 2019, up from 311 in Q2 2019.
- Funds reported $8.83B of RingCentral stock for Q3 2019, up 12% quarter-over-quarter.
- 56 funds opened new RingCentral positions in Q3 2019 and 42 closed out, a net change of +14 holders.
- The largest RingCentral buyer in Q3 2019 was Holocene Advisors, an estimated $63.2M added.
- The largest RingCentral seller in Q3 2019 was BlackRock, an estimated $43.9M sold.
Based on aggregated 13F filings for Q3 2019.