RingCentral
311 hedge funds and large institutions have $2.88B invested in RingCentral in 2024 Q4 according to their latest regulatory filings, with 68 funds opening new positions, 104 increasing their positions, 97 reducing their positions, and 37 closing their positions.
84% more first-time investments, than exits
New positions opened: 68 | Existing positions closed: 37
40% more call options, than puts
Call options by funds: $44.8M | Put options by funds: $32.1M
16% more capital invested
Capital invested by funds: $2.5B → $2.88B (+$387M)
10% more funds holding
Funds holding: 284 → 311 (+27)
6.53% more ownership
Funds ownership: 96.3% → 102.84% (+6.5%)
7% more repeat investments, than reductions
Existing positions increased: 104 | Existing positions reduced: 97
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HAI
Hennessy Advisors Inc
Novato,
California
|
+$60.6M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$41.8M |
| 3 |
Morgan Stanley
New York
|
+$35.4M |
| 4 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$33.4M |
| 5 |
VWM
Valley Wealth Managers
Paramus,
New Jersey
|
+$21.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pictet Asset Management
Carouge,
Switzerland
|
-$70.2M |
| 2 |
MRCP
Maple Rock Capital Partners
Toronto,
Ontario, Canada
|
-$31.5M |
| 3 |
Norges Bank
Oslo,
Norway
|
-$27.3M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$23.1M |
| 5 |
NSGL
No Street GP LP
San Francisco,
California
|
-$19M |
RNG Hedge Fund Activity: Q4 2024 in Review
311 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in RingCentral (RNG) for Q4 2024, worth a combined $2.88B — up 16% from $2.5B a quarter earlier.
Buyers outnumbered sellers: 68 funds opened new RNG positions and 37 closed out — a net gain of 31 holders — while 104 added to existing stakes and 97 trimmed.
The largest buyer was Hennessy Advisors Inc, opening a new position worth an estimated $60.6M. The largest seller was Pictet Asset Management, cutting an estimated $70.2M.
- 311 institutional investors held RingCentral (RNG) as of Q4 2024, up from 284 in Q3 2024.
- Funds reported $2.88B of RingCentral stock for Q4 2024, up 16% quarter-over-quarter.
- 68 funds opened new RingCentral positions in Q4 2024 and 37 closed out, a net change of +31 holders.
- The largest RingCentral buyer in Q4 2024 was Hennessy Advisors Inc, an estimated $60.6M added.
- The largest RingCentral seller in Q4 2024 was Pictet Asset Management, an estimated $70.2M sold.
Based on aggregated 13F filings for Q4 2024.