RingCentral
403 hedge funds and large institutions have $12.5B invested in RingCentral in 2019 Q4 according to their latest regulatory filings, with 122 funds opening new positions, 129 increasing their positions, 113 reducing their positions, and 38 closing their positions.
221% more first-time investments, than exits
New positions opened: 122 | Existing positions closed: 38
69% more funds holding in top 10
Funds holding in top 10: 13 → 22 (+9)
42% more capital invested
Capital invested by funds: $8.83B → $12.5B (+$3.7B)
24% more funds holding
Funds holding: 325 → 403 (+78)
14% more repeat investments, than reductions
Existing positions increased: 129 | Existing positions reduced: 113
1.18% more ownership
Funds ownership: 97.93% → 99.1% (+1.2%)
7% less call options, than puts
Call options by funds: $90.3M | Put options by funds: $97.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Coatue Management
New York
|
+$279M |
| 2 |
BlackRock
New York
|
+$144M |
| 3 |
Jennison Associates
New York
|
+$114M |
| 4 |
State Street
Boston,
Massachusetts
|
+$88.7M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
+$70.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$132M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
-$127M |
| 3 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$71.9M |
| 4 |
D.E. Shaw & Co
New York
|
-$63.2M |
| 5 |
1WCM
12 West Capital Management
New York
|
-$61.6M |
RNG Hedge Fund Activity: Q4 2019 in Review
403 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q4 2019, worth a combined $12.5B — up 42% from $8.83B a quarter earlier.
Buyers outnumbered sellers: 122 funds opened new RNG positions and 38 closed out — a net gain of 84 holders — while 129 added to existing stakes and 113 trimmed.
The largest buyer was Coatue Management, adding an estimated $279M. The largest seller was Fidelity Investments, cutting an estimated $132M.
- 403 institutional investors held RingCentral (RNG) as of Q4 2019, up from 325 in Q3 2019.
- Funds reported $12.5B of RingCentral stock for Q4 2019, up 42% quarter-over-quarter.
- 122 funds opened new RingCentral positions in Q4 2019 and 38 closed out, a net change of +84 holders.
- The largest RingCentral buyer in Q4 2019 was Coatue Management, an estimated $279M added.
- The largest RingCentral seller in Q4 2019 was Fidelity Investments, an estimated $132M sold.
Based on aggregated 13F filings for Q4 2019.