RingCentral
328 hedge funds and large institutions have $2.86B invested in RingCentral in 2022 Q4 according to their latest regulatory filings, with 65 funds opening new positions, 107 increasing their positions, 124 reducing their positions, and 90 closing their positions.
157% more call options, than puts
Call options by funds: $226M | Put options by funds: $88M
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
3.17% less ownership
Funds ownership: 97.25% → 94.08% (-3.2%)
8% less funds holding
Funds holding: 358 → 328 (-30)
14% less repeat investments, than reductions
Existing positions increased: 107 | Existing positions reduced: 124
14% less capital invested
Capital invested by funds: $3.33B → $2.86B (-$462M)
28% less first-time investments, than exits
New positions opened: 65 | Existing positions closed: 90
Top Buyers
Top Sellers
| 1 |
Tiger Global Management
New York
|
-$99.4M |
| 2 |
Amundi
Paris,
France
|
-$94M |
| 3 |
Man Group
London,
United Kingdom
|
-$39.7M |
| 4 |
Millennium Management
New York
|
-$27.8M |
| 5 |
Korea Investment Corp
Seoul,
South Korea
|
-$22.7M |
RNG Hedge Fund Activity: Q4 2022 in Review
328 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q4 2022, worth a combined $2.86B — down 14% from $3.33B a quarter earlier.
Sellers outnumbered buyers: 90 funds closed out of RNG and 65 opened new positions — a net loss of 25 holders — while 124 trimmed existing stakes and 107 added.
The largest buyer was Capital World Investors, adding an estimated $110M. The largest seller was Tiger Global Management, exiting entirely with an estimated $99.4M sold.
- 328 institutional investors held RingCentral (RNG) as of Q4 2022, down from 358 in Q3 2022.
- Funds reported $2.86B of RingCentral stock for Q4 2022, down 14% quarter-over-quarter.
- 65 funds opened new RingCentral positions in Q4 2022 and 90 closed out, a net change of -25 holders.
- The largest RingCentral buyer in Q4 2022 was Capital World Investors, an estimated $110M added.
- The largest RingCentral seller in Q4 2022 was Tiger Global Management, an estimated $99.4M sold.
Based on aggregated 13F filings for Q4 2022.