RingCentral
301 hedge funds and large institutions have $2.45B invested in RingCentral in 2023 Q1 according to their latest regulatory filings, with 50 funds opening new positions, 110 increasing their positions, 98 reducing their positions, and 71 closing their positions.
23% more call options, than puts
Call options by funds: $182M | Put options by funds: $148M
12% more repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 98
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.81% less ownership
Funds ownership: 94.07% → 93.26% (-0.81%)
8% less funds holding
Funds holding: 327 → 301 (-26)
14% less capital invested
Capital invested by funds: $2.86B → $2.45B (-$413M)
30% less first-time investments, than exits
New positions opened: 50 | Existing positions closed: 71
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$50.2M |
| 2 |
PAMS
Pictet Asset Management (Switzerland)
Geneva 73,
Switzerland
|
+$33.7M |
| 3 |
SCH
Sylebra Capital (HK)
Hong Kong
|
+$29.1M |
| 4 |
GF
Greenhouse Funds
Baltimore,
Maryland
|
+$25M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$52.3M |
| 2 |
Capital International Investors
Los Angeles,
California
|
-$42.9M |
| 3 |
Alkeon Capital Management
New York
|
-$41.3M |
| 4 |
Millennium Management
New York
|
-$37M |
| 5 |
Renaissance Technologies
New York
|
-$34.7M |
RNG Hedge Fund Activity: Q1 2023 in Review
301 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q1 2023, worth a combined $2.45B — down 14% from $2.86B a quarter earlier.
Sellers outnumbered buyers: 71 funds closed out of RNG and 50 opened new positions — a net loss of 21 holders — while 98 trimmed existing stakes and 110 added.
The largest buyer was BlackRock, adding an estimated $50.2M. The largest seller was Wellington Management Group, cutting an estimated $52.3M.
- 301 institutional investors held RingCentral (RNG) as of Q1 2023, down from 327 in Q4 2022.
- Funds reported $2.45B of RingCentral stock for Q1 2023, down 14% quarter-over-quarter.
- 50 funds opened new RingCentral positions in Q1 2023 and 71 closed out, a net change of -21 holders.
- The largest RingCentral buyer in Q1 2023 was BlackRock, an estimated $50.2M added.
- The largest RingCentral seller in Q1 2023 was Wellington Management Group, an estimated $52.3M sold.
Based on aggregated 13F filings for Q1 2023.