Vault-13

RINGCENTRAL INC RNG 0 03.01.25

NOTE 3/0 · US DOMESTIC · CUSIP 76680RAF4

72 institutional holders -5 vs Q4 2022
59,136,00059.1m shares reported held*
$873.8mreported value*
8 new 17 added 19 reduced 13 sold out net bought ≈ $3.7m (+11.2m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($1.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $14.80.

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 77Q4 22: 77Q1 23: 7272Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202277
Q4 202277
Q1 202372

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q4 22: 25 bought or addedQ4 22: 31 cut or sold outQ4 22Q1 23: 25 bought or addedQ1 23: 32 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222531
Q1 20232532

Biggest buyers

LAZARD ASSET MANAGEMENT LLC Added +30,167,000+30.2m
Fort Baker Capital Management LP New +20,246,000+20.2m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +18,997,000+19.0m
FMR LLC Added +12,760,000+12.8m
SOROS FUND MANAGEMENT LLC Added +11,500,000+11.5m
Aequim Alternative Investments LP New +5,000,000+5.0m
FEDERATED HERMES, INC. New +3,095,000+3.1m
Monashee Investment Management LLC Added +2,000,000+2.0m
JPMORGAN CHASE & CO Added +1,095,000+1.1m
HIGHBRIDGE CAPITAL MANAGEMENT LLC Added +950,000+950.0k

Biggest sellers

Opti Capital Management, LP Sold out -15,125,000-15.1m
Point72 Asset Management, L.P. Reduced -10,150,000-10.2m
Aequim Alternative Investments LP Sold out -10,000,000-10.0m
SSI INVESTMENT MANAGEMENT LLC Reduced -9,478,000-9.5m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -9,429,000-9.4m
OAKTREE CAPITAL MANAGEMENT LP Reduced -8,033,000-8.0m
SILVERBACK ASSET MANAGEMENT LLC Sold out -6,750,000-6.8m
BNP PARIBAS FINANCIAL MARKETS Reduced -5,464,000-5.5m
Ionic Capital Management LLC Sold out -5,000,000-5.0m
STATE STREET CORP Reduced -4,850,000-4.8m

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.13% of their portfolio ATLANTA, GA 134,995,000135.0m $119.5m $119.5m 0.13% Unchanged
2 SOROS FUND MANAGEMENT LLC 2.13% of their portfolio NEW YORK, NY 126,500,000126.5m $111.8m $111.8m 2.13% Added +11.5m +11,500,000
3 Linden Advisors LP 0.98% of their portfolio New York, NY 105,717,000105.7m $93.4m $93.4m 0.98% Reduced -1.0m -1,000,000
4 TENOR CAPITAL MANAGEMENT Co., L.P. 0.94% of their portfolio NEW YORK, NY 53,500,00053.5m $47.3m $47.3m 0.94% Added +19.0m +18,997,000
5 LAZARD ASSET MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 50,000,00050.0m $44.3m $44.3m 0.06% Added +30.2m +30,167,000
6 D. E. Shaw & Co., Inc. 0.07% of their portfolio New York, NY 48,641,00048.6m $42.9m $42.9m 0.07% Reduced -2.5m -2,500,000
7 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 36,859,00036.9m $32.6m $32.6m 0.00% Added +1.1m +1,095,000
8 Calamos Advisors LLC 0.16% of their portfolio NAPERVILLE, IL 35,035,00035.0m $30.9m $30.9m 0.16% Added +141.0k +141,000
9 FMR LLC 0.00% of their portfolio BOSTON, MA 25,520,00025.5m $22.5m $22.5m 0.00% Added +12.8m +12,760,000
10 ADVENT CAPITAL MANAGEMENT /DE/ 0.37% of their portfolio NEW YORK, NY 21,878,00021.9m $19.4m $19.4m 0.37% Reduced -9.4m -9,429,000
11 Fort Baker Capital Management LP 3.86% of their portfolio Larkspur, CA 20,246,00020.2m $17.9m $17.9m 3.86% New
12 ALKEON CAPITAL MANAGEMENT LLC 0.11% of their portfolio New York, NY 20,000,00020.0m $17.6m $17.6m 0.11% Unchanged
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 19,679,00019.7m $17.3m $17.3m 0.00% Reduced -4.8m -4,850,000
14 Point72 Asset Management, L.P. 0.05% of their portfolio STAMFORD, CT 17,500,00017.5m $15.4m $15.4m 0.05% Reduced -10.2m -10,150,000
15 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.66% of their portfolio NEW YORK, NY 15,950,00015.9m $14.1m $14.1m 0.66% Added +950.0k +950,000
16 AVIVA PLC 0.06% of their portfolio LONDON, X0 15,000,00015.0m $13.2m $13.2m 0.06% Unchanged
17 Parallax Volatility Advisers, L.P. 0.46% of their portfolio San Francisco, CA 15,000,00015.0m $13.2m $13.2m 0.46% Unchanged
18 PUTNAM INVESTMENTS LLC 0.01% of their portfolio BOSTON, MA 10,406,00010.4m $9.2m $9.2m 0.01% Added +426.0k +426,000
19 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 10,072,00010.1m $8.9m $8.9m 0.00% Reduced -545.0k -545,000
20 Monashee Investment Management LLC 2.44% of their portfolio Boston, MA 10,000,00010.0m $8.8m $8.8m 2.44% Added +2.0m +2,000,000
21 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 8,750,0008.8m $7.7m $7.7m 0.01% Reduced -500.0k -500,000
22 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 8,175,0008.2m $7.2m $7.2m 0.00% Unchanged
23 OAKTREE CAPITAL MANAGEMENT LP 0.08% of their portfolio LOS ANGELES, CA 7,856,0007.9m $7.0m $7.0m 0.08% Reduced -8.0m -8,033,000
24 MacKay Shields LLC 0.18% of their portfolio New York, NY 7,342,0007.3m $6.5m $6.5m 0.18% Added +106.0k +106,000
25 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 6,543,0006.5m $5.8m $5.8m 0.00% Reduced -126.0k -126,000
26 SONA ASSET MANAGEMENT (US) LLC 1.17% of their portfolio NEW YORK, NY 6,162,0006.2m $5.4m $5.4m 1.17% Reduced -1.8m -1,838,000
27 Kohlberg Kravis Roberts & Co. L.P. 0.16% of their portfolio NEW YORK, NY 6,040,0006.0m $5.3m $5.3m 0.16% Added +563.0k +563,000
28 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 6,000,0006.0m $5.3m $5.3m 0.02% Unchanged
29 PIER 88 INVESTMENT PARTNERS LLC 1.28% of their portfolio SAN FRANCISCO, CA 5,990,0006.0m $5.3m $5.3m 1.28% Added +870.0k +870,000
30 BlackRock Inc. 0.00% of their portfolio New York, NY 5,828,0005.8m $5.1m $5.1m 0.00% Reduced -3.4m -3,375,000
31 Aequim Alternative Investments LP 0.14% of their portfolio MILL VALLEY, CA 5,000,0005.0m $4.4m $4.4m 0.14% New
32 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 4,170,0004.2m $3.7m $3.7m 0.00% Added +757.0k +757,000
33 BLAIR WILLIAM & CO/IL 0.01% of their portfolio CHICAGO, IL 4,045,0004.0m $3.6m $3.6m 0.01% Added +10.0k +10,000
34 SSI INVESTMENT MANAGEMENT LLC 0.22% of their portfolio Los Angeles, CA 3,500,0003.5m $3.1m $3.1m 0.22% Reduced -9.5m -9,478,000
35 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 3,370,0003.4m $3.0m $3.0m 0.00% Unchanged
36 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 3,229,0003.2m $2.8m $2.8m 0.01% Reduced -5.5m -5,464,000
37 WATER ISLAND CAPITAL LLC 0.22% of their portfolio NEW YORK, NY 3,105,0003.1m $2.7m $2.7m 0.22% Unchanged
38 FEDERATED HERMES, INC. 0.01% of their portfolio PITTSBURGH, PA 3,095,0003.1m $2.7m $2.7m 0.01% New
39 Ayrton Capital LLC 6.35% of their portfolio Westport, CT 2,000,0002.0m $1.8m $1.8m 6.35% Unchanged
40 Paloma Partners Management Co 0.30% of their portfolio GREENWICH, CT 1,540,0001.5m $1.4m $1.4m 0.30% Reduced -460.0k -460,000
41 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 1,500,0001.5m $1.3m $1.3m 0.00% Unchanged
42 TEALWOOD ASSET MANAGEMENT INC 0.67% of their portfolio Minneapolis, MN 1,485,0001.5m $1.3m $1.3m 0.67% Reduced -10.0k -10,000
43 Liberty Mutual Group Asset Management Inc. 0.24% of their portfolio Boston, MA 1,225,0001.2m $1.1m $1.1m 0.24% Unchanged
44 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 839,000839.0k $738.7k $738.7k 0.00% Reduced -1.7m -1,670,000
45 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 500,000500.0k $441.7k $441.7k 0.00% Unchanged
46 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 475,000475.0k $422.3k $422.3k 0.00% New
47 Calamos Wealth Management LLC 0.03% of their portfolio NAPERVILLE, IL 442,000442.0k $390.4k $390.4k 0.03% Added +27.0k +27,000
48 Amundi 0.00% of their portfolio Paris, I0 376,000376.0k $332.2k $332.2k 0.00% Unchanged
49 EDMOND DE ROTHSCHILD HOLDING S.A. 0.00% of their portfolio CHAMBESY, V8 210,000210.0k $185.5k $185.5k 0.00% Unchanged
50 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 158,000158.0k $139.6k $139.6k 0.00% Reduced -64.0k -64,000
51 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 120,000120.0k $105.7k $105.7k 0.00% Reduced -5.0k -5,000
52 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 116,000116.0k $102.1k $102.1k 0.00% Added +8.0k +8,000
53 B. Riley Wealth Advisors, Inc. 0.00% of their portfolio MEMPHIS, TN 70,00070.0k $61.6k $61.6k 0.00% Unchanged
54 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 65,00065.0k $57.2k $57.2k 0.00% Unchanged
55 WealthPLAN Partners, LLC 0.01% of their portfolio OMAHA, NE 55,00055.0k $48.4k $48.4k 0.01% Unchanged
56 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 52,00052.0k $45.8k $45.8k 0.00% Unchanged
57 Context Capital Management, LLC 3.60% of their portfolio LAJOLLA, CA 48,36548.4k $42.8m $42.8m 3.60% Reduced -12.0k -12,000
58 CENTAURUS FINANCIAL, INC. 0.00% of their portfolio ANAHEIM, CA 45,00045.0k $40.0k $40.0k 0.00% Unchanged
59 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 43,00043.0k $37.9k $37.9k 0.00% Unchanged
60 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 37,00037.0k $32.6k $32.6k 0.01% Unchanged
61 NOMURA HOLDINGS INC 0.01% of their portfolio TOKYO, M0 33,80733.8k $1.0m $1.0m 0.01% Added +13.4k +13,417
62 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 30,00030.0k $26.5m $26.5m 0.03% New
63 Cornerstone Wealth Advisors, Inc. 0.01% of their portfolio EDINA, MN 30,00030.0k $26.4k $26.4k 0.01% Unchanged
64 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 22,00022.0k $19.4k $19.4k 0.00% Unchanged
65 Iron Horse Wealth Management, LLC 0.01% of their portfolio JOHSTON, IA 16,00016.0k $14.1k $14.1k 0.01% New
66 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 15,00015.0k $13.3k $13.3k 0.00% Unchanged
67 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 9,0009.0k $8.0k $8.0k 0.00% Unchanged
68 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 8,0008.0k $7.0k $7.0k 0.00% New
69 K2 PRINCIPAL FUND, L.P. 1.89% of their portfolio TORONTO, A6 7,7997.8k $6.9m $6.9m 1.89% Unchanged
70 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 7,3207.3k $651.0k $651.0k 0.01% Unchanged
71 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 3,0003.0k $264.1k $264.1k 0.00% New
72 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged