RingCentral
260 hedge funds and large institutions have $2.64B invested in RingCentral in 2023 Q3 according to their latest regulatory filings, with 33 funds opening new positions, 91 increasing their positions, 97 reducing their positions, and 57 closing their positions.
41% more call options, than puts
Call options by funds: $77.7M | Put options by funds: $55.2M
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
10.09% more ownership
Funds ownership: 94.84% → 104.93% (+10%)
1% less capital invested
Capital invested by funds: $2.66B → $2.64B (-$23.8M)
6% less repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 97
9% less funds holding
Funds holding: 286 → 260 (-26)
42% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 57
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$75.6M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$29.4M |
| 3 |
MRCP
Maple Rock Capital Partners
Toronto,
Ontario, Canada
|
+$17.4M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$15.6M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$14.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NSGL
No Street GP LP
San Francisco,
California
|
-$24.1M |
| 2 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$23.8M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$19M |
| 4 |
Goldman Sachs
New York
|
-$18.4M |
| 5 |
Renaissance Technologies
New York
|
-$18M |
RNG Hedge Fund Activity: Q3 2023 in Review
260 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q3 2023, worth a combined $2.64B — down 0.9% from $2.66B a quarter earlier.
Sellers outnumbered buyers: 57 funds closed out of RNG and 33 opened new positions — a net loss of 24 holders — while 97 trimmed existing stakes and 91 added.
The largest buyer was Ameriprise, adding an estimated $75.6M. The largest seller was No Street GP LP, cutting an estimated $24.1M.
- 260 institutional investors held RingCentral (RNG) as of Q3 2023, down from 286 in Q2 2023.
- Funds reported $2.64B of RingCentral stock for Q3 2023, down 0.9% quarter-over-quarter.
- 33 funds opened new RingCentral positions in Q3 2023 and 57 closed out, a net change of -24 holders.
- The largest RingCentral buyer in Q3 2023 was Ameriprise, an estimated $75.6M added.
- The largest RingCentral seller in Q3 2023 was No Street GP LP, an estimated $24.1M sold.
Based on aggregated 13F filings for Q3 2023.