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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.

New
Increased
Maintained
Reduced
Closed

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: 23 (+1)

3.17% less ownership

Funds ownership: 97.25%94.08% (-3.2%)

8% less funds holding

Funds holding: 358328 (-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

Holders
328
Holders Change
-30
Holders Change %
-8.38%
% of All Funds
5.27%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
65
Increased
107
Reduced
124
Closed
90
Calls
$226M
Puts
$88M
Net Calls
+$138M
Net Calls Change
+$119M
Name Holding Trade Value Shares
Change
Change in
Stake
Capital World Investors
1
Capital World Investors
California
$459M +$110M +3,068,611 +31%
Vanguard Group
2
Vanguard Group
Pennsylvania
$345M +$29.3M +820,282 +9%
BlackRock
3
BlackRock
New York
$222M -$16.5M -462,309 -7%
Alkeon Capital Management
4
Alkeon Capital Management
New York
$135M +$5.66M +158,250 +4%
PAMS
5
Pictet Asset Management (Switzerland)
Switzerland
$130M +$13M +363,489 +11%
State Street
6
State Street
Massachusetts
$82.8M -$3.08M -86,217 -4%
Capital International Investors
7
Capital International Investors
California
$70.3M -$19M -529,935 -21%
Renaissance Technologies
8
Renaissance Technologies
New York
$66.8M -$4.7M -131,500 -7%
NSGL
9
No Street GP LP
California
$66.6M +$32M +895,000 +91%
Wellington Management Group
10
Wellington Management Group
Massachusetts
$62.3M -$3.76M -105,177 -6%
Alyeska Investment Group
11
Alyeska Investment Group
Illinois
$60.7M +$51.3M +1,433,595 +510%
First Trust Advisors
12
First Trust Advisors
Illinois
$53.6M -$1.5M -41,839 -3%
Goldman Sachs
13
Goldman Sachs
New York
$50.2M +$1.26M +35,311 +3%
Citadel Advisors
14
Citadel Advisors
Florida
$47.9M -$8.97M -250,898 -16%
Millennium Management
15
Millennium Management
New York
$45.2M -$27.8M -776,301 -38%
Geode Capital Management
16
Geode Capital Management
Massachusetts
$37.2M +$1.57M +43,899 +4%
Voloridge Investment Management
17
Voloridge Investment Management
Florida
$35.8M +$13.1M +364,945 +56%
Westfield Capital Management
18
Westfield Capital Management
Massachusetts
$34.5M +$34.8M +974,224 New
Fidelity Investments
19
Fidelity Investments
Massachusetts
$33.5M -$5.28M -147,732 -13%
Susquehanna International Group
20
Susquehanna International Group
Pennsylvania
$32.2M +$16.8M +468,465 +106%
Norges Bank
21
Norges Bank
Norway
$31.3M +$16.3M +456,759 +107%
Morgan Stanley
22
Morgan Stanley
New York
$31.1M -$461K -12,887 -1%
Qube Research & Technologies (QRT)
23
Qube Research & Technologies (QRT)
United Kingdom
$29.5M +$18.1M +504,798 +153%
Deutsche Bank
24
Deutsche Bank
Germany
$28.7M +$24.7M +690,805 +581%
Amundi
25
Amundi
France
$27.7M -$94M -2,628,578 -78%

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.