RingCentral
285 hedge funds and large institutions have $2.5B invested in RingCentral in 2024 Q3 according to their latest regulatory filings, with 43 funds opening new positions, 96 increasing their positions, 102 reducing their positions, and 41 closing their positions.
36% more call options, than puts
Call options by funds: $42.5M | Put options by funds: $31.3M
9% more capital invested
Capital invested by funds: $2.28B → $2.5B (+$212M)
5% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 41
0% more funds holding
Funds holding: 284 → 285 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less repeat investments, than reductions
Existing positions increased: 96 | Existing positions reduced: 102
2.24% less ownership
Funds ownership: 98.55% → 96.3% (-2.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pacer Advisors
Malvern,
Pennsylvania
|
+$26M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
+$26M |
| 3 |
JAM
Jupiter Asset Management
London,
United Kingdom
|
+$25M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$14.2M |
| 5 |
FWIA
Fort Washington Investment Advisors
Cincinnati,
Ohio
|
+$13.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pictet Asset Management
Carouge,
Switzerland
|
-$97.2M |
| 2 |
Alkeon Capital Management
New York
|
-$42.9M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$24M |
| 4 |
TS
Tamar Securities
Woodland Hills,
California
|
-$12.1M |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$11.3M |
RNG Hedge Fund Activity: Q3 2024 in Review
285 of the 6,978 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q3 2024, worth a combined $2.5B — up 9.3% from $2.28B a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new RNG positions and 41 closed out — a net gain of 2 holders — while 96 added to existing stakes and 102 trimmed.
The largest buyer was Pacer Advisors, adding an estimated $26M. The largest seller was Pictet Asset Management, cutting an estimated $97.2M.
- 285 institutional investors held RingCentral (RNG) as of Q3 2024, up from 284 in Q2 2024.
- Funds reported $2.5B of RingCentral stock for Q3 2024, up 9.3% quarter-over-quarter.
- 43 funds opened new RingCentral positions in Q3 2024 and 41 closed out, a net change of +2 holders.
- The largest RingCentral buyer in Q3 2024 was Pacer Advisors, an estimated $26M added.
- The largest RingCentral seller in Q3 2024 was Pictet Asset Management, an estimated $97.2M sold.
Based on aggregated 13F filings for Q3 2024.