RingCentral
262 hedge funds and large institutions have $2.72B invested in RingCentral in 2023 Q4 according to their latest regulatory filings, with 43 funds opening new positions, 82 increasing their positions, 102 reducing their positions, and 39 closing their positions.
134% more call options, than puts
Call options by funds: $146M | Put options by funds: $62.2M
10% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 39
3% more capital invested
Capital invested by funds: $2.64B → $2.72B (+$80M)
1% more funds holding
Funds holding: 260 → 262 (+2)
9.48% less ownership
Funds ownership: 104.93% → 95.45% (-9.5%)
20% less repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 102
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$56.6M |
| 2 |
Alyeska Investment Group
Chicago,
Illinois
|
+$13.5M |
| 3 |
Morgan Stanley
New York
|
+$11.6M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$11.4M |
| 5 |
Two Sigma Investments
New York
|
+$11.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Alkeon Capital Management
New York
|
-$60.1M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$27M |
| 3 |
Capital World Investors
Los Angeles,
California
|
-$22.7M |
| 4 |
SIMG
Stephens Investment Management Group
Houston,
Texas
|
-$15.9M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$12.3M |
RNG Hedge Fund Activity: Q4 2023 in Review
262 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q4 2023, worth a combined $2.72B — up 3% from $2.64B a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new RNG positions and 39 closed out — a net gain of 4 holders — while 82 added to existing stakes and 102 trimmed.
The largest buyer was Ameriprise, adding an estimated $56.6M. The largest seller was Alkeon Capital Management, cutting an estimated $60.1M.
- 262 institutional investors held RingCentral (RNG) as of Q4 2023, up from 260 in Q3 2023.
- Funds reported $2.72B of RingCentral stock for Q4 2023, up 3% quarter-over-quarter.
- 43 funds opened new RingCentral positions in Q4 2023 and 39 closed out, a net change of +4 holders.
- The largest RingCentral buyer in Q4 2023 was Ameriprise, an estimated $56.6M added.
- The largest RingCentral seller in Q4 2023 was Alkeon Capital Management, an estimated $60.1M sold.
Based on aggregated 13F filings for Q4 2023.