RingCentral
284 hedge funds and large institutions have $2.28B invested in RingCentral in 2024 Q2 according to their latest regulatory filings, with 60 funds opening new positions, 98 increasing their positions, 83 reducing their positions, and 35 closing their positions.
71% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 35
18% more repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 83
8% more funds holding
Funds holding: 262 → 284 (+22)
1% more call options, than puts
Call options by funds: $35.5M | Put options by funds: $35.1M
0.95% more ownership
Funds ownership: 97.6% → 98.55% (+0.95%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
18% less capital invested
Capital invested by funds: $2.79B → $2.28B (-$509M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Alyeska Investment Group
Chicago,
Illinois
|
+$65.2M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$29.9M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$16.9M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$16.1M |
| 5 |
Pacer Advisors
Malvern,
Pennsylvania
|
+$11.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$73.2M |
| 2 |
GF
Greenhouse Funds
Baltimore,
Maryland
|
-$30.3M |
| 3 |
State Street
Boston,
Massachusetts
|
-$21.8M |
| 4 |
Voloridge Investment Management
Jupiter,
Florida
|
-$19M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$15.3M |
RNG Hedge Fund Activity: Q2 2024 in Review
284 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q2 2024, worth a combined $2.28B — down 18% from $2.79B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new RNG positions and 35 closed out — a net gain of 25 holders — while 98 added to existing stakes and 83 trimmed.
The largest buyer was Alyeska Investment Group, opening a new position worth an estimated $65.2M. The largest seller was Capital World Investors, cutting an estimated $73.2M.
- 284 institutional investors held RingCentral (RNG) as of Q2 2024, up from 262 in Q1 2024.
- Funds reported $2.28B of RingCentral stock for Q2 2024, down 18% quarter-over-quarter.
- 60 funds opened new RingCentral positions in Q2 2024 and 35 closed out, a net change of +25 holders.
- The largest RingCentral buyer in Q2 2024 was Alyeska Investment Group, an estimated $65.2M added.
- The largest RingCentral seller in Q2 2024 was Capital World Investors, an estimated $73.2M sold.
Based on aggregated 13F filings for Q2 2024.