Vault-13

RINGCENTRAL INC RNG 0 03.01.25

NOTE 3/0 · US DOMESTIC · CUSIP 76680RAF4

45 institutional holders -12 vs Q2 2023
27,312,00027.3m shares reported held*
$290.7mreported value*
5 new 3 added 13 reduced 17 sold out net sold ≈ $139.3m (-23.7m 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. Holder counts are more reliable. Implied quarter-end price ≈ $10.64.

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 77Q4 22: 77Q1 23: 72Q2 23: 57Q3 23: 4545Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 202277
Q4 202277
Q1 202372
Q2 202357
Q3 202345

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 23Q2 23: 11 bought or addedQ2 23: 40 cut or sold outQ2 23Q3 23: 8 bought or addedQ3 23: 30 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222531
Q1 20232532
Q2 20231140
Q3 2023830

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +8,100,000+8.1m
MORGAN STANLEY Added +3,629,000+3.6m
STATE STREET CORP Added +1,400,000+1.4m
JANE STREET GROUP, LLC New +1,200,000+1.2m
CITIGROUP INC New +103,000+103.0k
WealthPLAN Partners, LLC New +55,000+55.0k
CENTAURUS FINANCIAL, INC. New +45,000+45.0k
Smart Money Group LLC New +25,000+25.0k

Biggest sellers

D. E. Shaw & Co., Inc. Sold out -27,690,000-27.7m
Fort Baker Capital Management LP Sold out -18,246,000-18.2m
AVIVA PLC Sold out -15,000,000-15.0m
JPMORGAN CHASE & CO Reduced -14,365,000-14.4m
FMR LLC Sold out -12,760,000-12.8m
WELLINGTON MANAGEMENT GROUP LLP Sold out -10,727,000-10.7m
Point72 Asset Management, L.P. Sold out -10,000,000-10.0m
TENOR CAPITAL MANAGEMENT Co., L.P. Sold out -8,530,000-8.5m
LAZARD ASSET MANAGEMENT LLC Reduced -7,306,000-7.3m
SONA ASSET MANAGEMENT (US) LLC Sold out -6,375,000-6.4m

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.14% of their portfolio ATLANTA, GA 141,190,000141.2m $130.9m $130.9m 0.14% Unchanged
2 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 32,349,00032.3m $30.0m $30.0m 0.00% Reduced -14.4m -14,365,000
3 ALKEON CAPITAL MANAGEMENT LLC 0.12% of their portfolio New York, NY 20,000,00020.0m $18.4m $18.4m 0.12% Unchanged
4 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 15,329,00015.3m $14.2m $14.2m 0.00% Added +1.4m +1,400,000
5 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 10,326,00010.3m $9.5m $9.5m 0.00% Added +8.1m +8,100,000
6 Parallax Volatility Advisers, L.P. 0.32% of their portfolio San Francisco, CA 10,000,00010.0m $9.2m $9.2m 0.32% Reduced -5.0m -5,000,000
7 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 8,250,0008.2m $7.7m $7.7m 0.01% Reduced -500.0k -500,000
8 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 6,870,0006.9m $6.4m $6.4m 0.01% Reduced -7.3m -7,306,000
9 PALISADE CAPITAL MANAGEMENT, LP 0.16% of their portfolio FORT LEE, NJ 6,276,0006.3m $5.8m $5.8m 0.16% Reduced -24.0k -24,000
10 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 6,000,0006.0m $5.5m $5.5m 0.02% Unchanged
11 PIER 88 INVESTMENT PARTNERS LLC 1.38% of their portfolio SAN FRANCISCO, CA 5,990,0006.0m $5.5m $5.5m 1.38% Unchanged
12 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 4,175,0004.2m $3.8m $3.8m 0.00% Unchanged
13 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.20% of their portfolio NEW YORK, NY 3,924,0003.9m $3.6m $3.6m 0.20% Unchanged
14 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,644,0003.6m $3.4m $3.4m 0.00% Added +3.6m +3,629,000
15 BLAIR WILLIAM & CO/IL 0.01% of their portfolio CHICAGO, IL 3,445,0003.4m $3.2m $3.2m 0.01% Reduced -120.0k -120,000
16 WATER ISLAND CAPITAL LLC 0.26% of their portfolio NEW YORK, NY 3,105,0003.1m $2.9m $2.9m 0.26% Unchanged
17 FEDERATED HERMES, INC. 0.01% of their portfolio PITTSBURGH, PA 3,095,0003.1m $2.8m $2.8m 0.01% Unchanged
18 ADVENT CAPITAL MANAGEMENT /DE/ 0.07% of their portfolio NEW YORK, NY 3,065,0003.1m $2.8m $2.8m 0.07% Reduced -2.0m -2,000,000
19 BlackRock Inc. 0.00% of their portfolio New York, NY 2,828,0002.8m $2.6m $2.6m 0.00% Reduced -600.0k -600,000
20 Aequim Alternative Investments LP 0.09% of their portfolio MILL VALLEY, CA 2,500,0002.5m $2.3m $2.3m 0.09% Reduced -2.5m -2,500,000
21 Calamos Advisors LLC 0.01% of their portfolio NAPERVILLE, IL 2,353,0002.4m $2.2m $2.2m 0.01% Unchanged
22 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,246,0002.2m $2.1m $2.1m 0.00% Reduced -1.4m -1,450,000
23 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 2,170,0002.2m $2.0m $2.0m 0.00% Reduced -1.2m -1,200,000
24 Ayrton Capital LLC 12.57% of their portfolio Westport, CT 2,000,0002.0m $1.9m $1.9m 12.57% Unchanged
25 TEALWOOD ASSET MANAGEMENT INC 0.70% of their portfolio Minneapolis, MN 1,485,0001.5m $1.4m $1.4m 0.70% Unchanged
26 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 1,200,0001.2m $1.1m $1.1m 0.00% New
27 Kohlberg Kravis Roberts & Co. L.P. 0.03% of their portfolio NEW YORK, NY 1,005,0001.0m $931.5k $931.5k 0.03% Reduced -3.4m -3,365,000
28 Amundi 0.00% of their portfolio Paris, I0 376,000376.0k $344.8k $344.8k 0.00% Unchanged
29 EDMOND DE ROTHSCHILD HOLDING S.A. 0.00% of their portfolio CHAMBESY, V8 210,000210.0k $194.8k $194.8k 0.00% Unchanged
30 MacKay Shields LLC 0.00% of their portfolio New York, NY 140,000140.0k $129.8k $129.8k 0.00% Unchanged
31 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 120,000120.0k $110.6k $110.6k 0.00% Unchanged
32 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 103,000103.0k $95.0k $95.0k 0.00% New
33 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 65,00065.0k $59.9k $59.9k 0.00% Reduced -5.0k -5,000
34 B. Riley Wealth Advisors, Inc. 0.00% of their portfolio MEMPHIS, TN 65,00065.0k $59.9k $59.9k 0.00% Unchanged
35 Argent Trust Co 0.00% of their portfolio NASHVILLE, TN 65,00065.0k $59.9k $59.9k 0.00% Unchanged
36 WealthPLAN Partners, LLC 0.01% of their portfolio OMAHA, NE 55,00055.0k $50.5k $50.5k 0.01% New
37 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 52,00052.0k $47.9k $47.9k 0.00% Unchanged
38 CENTAURUS FINANCIAL, INC. 0.00% of their portfolio ANAHEIM, CA 45,00045.0k $41.0k $41.0k 0.00% New
39 Cornerstone Wealth Advisors, Inc. 0.01% of their portfolio EDINA, MN 30,00030.0k $27.5k $27.5k 0.01% Unchanged
40 Smart Money Group LLC 0.01% of their portfolio EASTLAND, TX 25,00025.0k $23.0k $23.0k 0.01% New
41 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 22,00022.0k $20.3k $20.3k 0.00% Unchanged
42 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 15,00015.0k $13.9k $13.9k 0.00% Unchanged
43 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 9,0009.0k $9.0k $9.0k 0.00% Unchanged
44 K2 PRINCIPAL FUND, L.P. 2.16% of their portfolio TORONTO, A6 7,7997.8k $7.2m $7.2m 2.16% Unchanged
45 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged