Vault-13

RINGCENTRAL INC RNG 0 03.01.25

NOTE 3/0 · US DOMESTIC · CUSIP 76680RAF4

47 institutional holders +2 vs Q3 2023
31,509,00031.5m shares reported held*
$169.0mreported value*
7 new 4 added 10 reduced 4 sold out net sold ≈ $121.6m (+4.2m 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. Holder counts are more reliable. Implied quarter-end price ≈ $5.36.

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 77Q4 22: 77Q1 23: 72Q2 23: 57Q3 23: 45Q4 23: 4747Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 202277
Q4 202277
Q1 202372
Q2 202357
Q3 202345
Q4 202347

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 23Q4 23: 11 bought or addedQ4 23: 14 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222531
Q1 20232532
Q2 20231140
Q3 2023830
Q4 20231114

Biggest buyers

TENOR CAPITAL MANAGEMENT Co., L.P. New +17,016,000+17.0m
JPMORGAN CHASE & CO Added +9,075,000+9.1m
MORGAN STANLEY Added +4,556,000+4.6m
Thrivent Financial for Lutherans New +3,000,000+3.0m
CITIGROUP INC Added +2,591,000+2.6m
Jefferies Financial Group Inc. New +1,750,000+1.8m
Fort Baker Capital Management LP New +1,344,000+1.3m
BARCLAYS PLC New +320,000+320.0k
BlackRock Inc. Added +150,000+150.0k
Virtus Investment Advisers, LLC New +38,000+38.0k

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Reduced -128,800,000-128.8m
STATE STREET CORP Sold out -15,329,000-15.3m
BANK OF AMERICA CORP /DE/ Reduced -9,311,000-9.3m
LAZARD ASSET MANAGEMENT LLC Sold out -6,870,000-6.9m
HIGHBRIDGE CAPITAL MANAGEMENT LLC Sold out -3,924,000-3.9m
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Reduced -2,250,000-2.2m
Parallax Volatility Advisers, L.P. Reduced -2,000,000-2.0m
MACQUARIE GROUP LTD Reduced -1,000,000-1.0m
BLAIR WILLIAM & CO/IL Reduced -482,000-482.0k
Kohlberg Kravis Roberts & Co. L.P. Reduced -320,000-320.0k

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 41,424,00041.4m $38.7m $38.7m 0.00% Added +9.1m +9,075,000
2 ALKEON CAPITAL MANAGEMENT LLC 0.12% of their portfolio New York, NY 20,000,00020.0m $18.6m $18.6m 0.12% Unchanged
3 TENOR CAPITAL MANAGEMENT Co., L.P. 0.28% of their portfolio NEW YORK, NY 17,016,00017.0m $15.9m $15.9m 0.28% New
4 VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio ATLANTA, GA 12,390,00012.4m $11.6m $11.6m 0.01% Reduced -128.8m -128,800,000
5 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 8,200,0008.2m $7.6m $7.6m 0.00% Added +4.6m +4,556,000
6 Parallax Volatility Advisers, L.P. 0.20% of their portfolio San Francisco, CA 8,000,0008.0m $7.4m $7.4m 0.20% Reduced -2.0m -2,000,000
7 PALISADE CAPITAL MANAGEMENT, LP 0.15% of their portfolio FORT LEE, NJ 6,276,0006.3m $5.8m $5.8m 0.15% Unchanged
8 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 6,000,0006.0m $5.6m $5.6m 0.01% Reduced -2.2m -2,250,000
9 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 6,000,0006.0m $5.6m $5.6m 0.02% Unchanged
10 PIER 88 INVESTMENT PARTNERS LLC 1.40% of their portfolio SAN FRANCISCO, CA 5,990,0006.0m $5.6m $5.6m 1.40% Unchanged
11 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 4,175,0004.2m $3.9m $3.9m 0.00% Unchanged
12 WATER ISLAND CAPITAL LLC 0.30% of their portfolio NEW YORK, NY 3,105,0003.1m $2.9m $2.9m 0.30% Unchanged
13 FEDERATED HERMES, INC. 0.01% of their portfolio PITTSBURGH, PA 3,095,0003.1m $2.9m $2.9m 0.01% Unchanged
14 ADVENT CAPITAL MANAGEMENT /DE/ 0.07% of their portfolio NEW YORK, NY 3,065,0003.1m $2.9m $2.9m 0.07% Unchanged
15 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 3,000,0003.0m $2.8m $2.8m 0.01% New
16 BlackRock Inc. 0.00% of their portfolio New York, NY 2,978,0003.0m $2.8m $2.8m 0.00% Added +150.0k +150,000
17 BLAIR WILLIAM & CO/IL 0.01% of their portfolio CHICAGO, IL 2,963,0003.0m $2.8m $2.8m 0.01% Reduced -482.0k -482,000
18 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,694,0002.7m $2.5m $2.5m 0.00% Added +2.6m +2,591,000
19 Aequim Alternative Investments LP 0.09% of their portfolio MILL VALLEY, CA 2,500,0002.5m $2.3m $2.3m 0.09% Unchanged
20 Calamos Advisors LLC 0.01% of their portfolio NAPERVILLE, IL 2,353,0002.4m $2.2m $2.2m 0.01% Unchanged
21 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,246,0002.2m $2.1m $2.1m 0.00% Unchanged
22 Jefferies Financial Group Inc. 0.03% of their portfolio NEW YORK, NY 1,750,0001.8m $1.6m $1.6m 0.03% New
23 TEALWOOD ASSET MANAGEMENT INC 0.64% of their portfolio Minneapolis, MN 1,445,0001.4m $1.3m $1.3m 0.64% Reduced -40.0k -40,000
24 Fort Baker Capital Management LP 0.16% of their portfolio Larkspur, CA 1,344,0001.3m $1.3m $1.3m 0.16% New
25 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 1,170,0001.2m $1.1m $1.1m 0.00% Reduced -1.0m -1,000,000
26 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 1,050,0001.1m $984.8k $984.8k 0.00% Reduced -150.0k -150,000
27 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,015,0001.0m $944.0k $944.0k 0.00% Reduced -9.3m -9,311,000
28 Kohlberg Kravis Roberts & Co. L.P. 0.02% of their portfolio NEW YORK, NY 685,000685.0k $640.5k $640.5k 0.02% Reduced -320.0k -320,000
29 Amundi 0.00% of their portfolio Paris, I0 376,000376.0k $350.2k $350.2k 0.00% Unchanged
30 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 320,000320.0k $299.0k $299.0k 0.00% New
31 EDMOND DE ROTHSCHILD HOLDING S.A. 0.00% of their portfolio CHAMBESY, V8 210,000210.0k $196.0k $196.0k 0.00% Unchanged
32 MacKay Shields LLC 0.00% of their portfolio New York, NY 140,000140.0k $130.9k $130.9k 0.00% Unchanged
33 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 120,000120.0k $111.6k $111.6k 0.00% Unchanged
34 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 65,00065.0k $60.5k $60.5k 0.00% Unchanged
35 Argent Trust Co 0.00% of their portfolio NASHVILLE, TN 65,00065.0k $60.5k $60.5k 0.00% Unchanged
36 WealthPLAN Partners, LLC 0.01% of their portfolio OMAHA, NE 55,00055.0k $51.1k $51.1k 0.01% Unchanged
37 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 52,00052.0k $48.4k $48.4k 0.00% Unchanged
38 Virtus Investment Advisers, LLC 0.03% of their portfolio HARTFORD, CT 38,00038.0k $35.3k $35.3k 0.03% New
39 B. Riley Wealth Advisors, Inc. 0.00% of their portfolio MEMPHIS, TN 30,00030.0k $27.9k $27.9k 0.00% Reduced -35.0k -35,000
40 Cornerstone Wealth Advisors, Inc. 0.01% of their portfolio EDINA, MN 30,00030.0k $27.9k $27.9k 0.01% Unchanged
41 Smart Money Group LLC 0.01% of their portfolio EASTLAND, TX 25,00025.0k $23.2k $23.2k 0.01% Unchanged
42 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 22,00022.0k $20.5k $20.5k 0.00% Unchanged
43 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 15,00015.0k $13.9k $13.9k 0.00% Unchanged
44 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 9,0009.0k $9.0k $9.0k 0.00% Unchanged
45 K2 PRINCIPAL FUND, L.P. 1.71% of their portfolio TORONTO, A6 7,7997.8k $7.3m $7.3m 1.71% Unchanged
46 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1010 $9.3k $9.3k 0.00% New
47 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged