RingCentral
477 hedge funds and large institutions have $16.4B invested in RingCentral in 2020 Q1 according to their latest regulatory filings, with 133 funds opening new positions, 163 increasing their positions, 143 reducing their positions, and 54 closing their positions.
146% more first-time investments, than exits
New positions opened: 133 | Existing positions closed: 54
59% more funds holding in top 10
Funds holding in top 10: 22 → 35 (+13)
31% more capital invested
Capital invested by funds: $12.5B → $16.4B (+$3.85B)
18% more funds holding
Funds holding: 403 → 477 (+74)
14% more repeat investments, than reductions
Existing positions increased: 163 | Existing positions reduced: 143
2.43% more ownership
Funds ownership: 99.1% → 101.53% (+2.4%)
13% less call options, than puts
Call options by funds: $264M | Put options by funds: $303M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
+$396M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
+$356M |
| 3 |
Alkeon Capital Management
New York
|
+$277M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
+$80.2M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Coatue Management
New York
|
-$332M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$277M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
-$175M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$78.5M |
| 5 |
Two Sigma Investments
New York
|
-$66.9M |
RNG Hedge Fund Activity: Q1 2020 in Review
477 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q1 2020, worth a combined $16.4B — up 31% from $12.5B a quarter earlier.
Buyers outnumbered sellers: 133 funds opened new RNG positions and 54 closed out — a net gain of 79 holders — while 163 added to existing stakes and 143 trimmed.
The largest buyer was Jennison Associates, adding an estimated $396M. The largest seller was Coatue Management, cutting an estimated $332M.
- 477 institutional investors held RingCentral (RNG) as of Q1 2020, up from 403 in Q4 2019.
- Funds reported $16.4B of RingCentral stock for Q1 2020, up 31% quarter-over-quarter.
- 133 funds opened new RingCentral positions in Q1 2020 and 54 closed out, a net change of +79 holders.
- The largest RingCentral buyer in Q1 2020 was Jennison Associates, an estimated $396M added.
- The largest RingCentral seller in Q1 2020 was Coatue Management, an estimated $332M sold.
Based on aggregated 13F filings for Q1 2020.