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RingCentral
RNG

283 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 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 60 | Existing positions closed: 36

18% more repeat investments, than reductions

Existing positions increased: 98 | Existing positions reduced: 83

8% more funds holding

Funds holding: 262 → 283 (+21)

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)

Holders
283
Holders Change
+21
Holders Change %
+8.02%
% of All Funds
4.09%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
60
Increased
98
Reduced
83
Closed
36
Calls
$35.5M
Puts
$35.1M
Net Calls
+$403K
Net Calls Change
-$3.1M

Top Buyers

1
Alyeska Investment Group
Alyeska Investment Group
Illinois
+$65.2M
2
Ameriprise
Ameriprise
Minnesota
+$29.9M
3
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$16.9M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$16.1M
5
Pacer Advisors
Pacer Advisors
Pennsylvania
+$11.8M

Top Sellers

1
Capital World Investors
Capital World Investors
California
-$73.2M
2
GF
Greenhouse Funds
Maryland
-$30.3M
3
State Street
State Street
Massachusetts
-$21.8M
4
Voloridge Investment Management
Voloridge Investment Management
Florida
-$19M
5
Fidelity Investments
Fidelity Investments
Massachusetts
-$15.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$322M +$16.1M +499,916 +5%
Capital World Investors
2
Capital World Investors
California
$278M -$73.2M -2,276,828 -19%
SC
3
Sylebra Capital
California
$213M – – –
Ameriprise
4
Ameriprise
Minnesota
$180M +$29.9M +930,549 +17%
BlackRock
5
BlackRock
New York
$156M +$5.09M +158,120 +3%
Pictet Asset Management
6
Pictet Asset Management
Switzerland
$142M -$5.46M -169,908 -3%
Fidelity Investments
7
Fidelity Investments
Massachusetts
$60.1M -$15.3M -476,445 -18%
Alyeska Investment Group
8
Alyeska Investment Group
Illinois
$57.2M +$65.2M +2,028,689 New
State Street
9
State Street
Massachusetts
$57M -$21.8M -676,826 -25%
Pacer Advisors
10
Pacer Advisors
Pennsylvania
$51.2M +$11.8M +365,738 +25%
First Trust Advisors
11
First Trust Advisors
Illinois
$46.1M -$15M -465,083 -22%
Renaissance Technologies
12
Renaissance Technologies
New York
$45.3M +$1.75M +54,500 +4%
Alkeon Capital Management
13
Alkeon Capital Management
New York
$42.9M – – –
Geode Capital Management
14
Geode Capital Management
Massachusetts
$38.1M +$478K +14,864 +1%
MRCP
15
Maple Rock Capital Partners
Ontario, Canada
$36M +$3.41M +106,000 +9%
Norges Bank
16
Norges Bank
Norway
$29.4M -$894K -27,783 -3%
NSGL
17
No Street GP LP
California
$26.8M +$6.43M +200,000 +27%
AQR Capital Management
18
AQR Capital Management
Connecticut
$24.7M +$665K +20,666 +2%
Qube Research & Technologies (QRT)
19
Qube Research & Technologies (QRT)
United Kingdom
$21.6M +$16.9M +525,291 +220%
Charles Schwab
20
Charles Schwab
California
$21.5M -$187K -5,820 -0.8%
Two Sigma Investments
21
Two Sigma Investments
New York
$18.7M +$879K +27,325 +4%
Bank of New York Mellon
22
Bank of New York Mellon
New York
$17.1M -$3.09M -96,043 -14%
Bank of America
23
Bank of America
North Carolina
$16.7M -$572K -17,771 -3%
Northern Trust
24
Northern Trust
Illinois
$15.5M +$1.97M +61,213 +13%
Morgan Stanley
25
Morgan Stanley
New York
$13M -$2.96M -91,977 -17%
1
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RNG Hedge Fund Activity: Q2 2024 in Review

283 of the 6,924 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 36 closed out — a net gain of 24 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.

  • 283 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 36 closed out, a net change of +24 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.