Vault-13

RINGCENTRAL INC RNG 0 03.01.25

NOTE 3/0 · US DOMESTIC · CUSIP 76680RAF4

35 institutional holders -3 vs Q3 2024
8,475,0008.5m shares reported held*
$153.3mreported value*
5 new 5 added 3 reduced 7 sold out net sold ≈ $38.6m (-14.8m 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 ≈ $18.09.

Trends to Q4 2024

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 77Q4 22: 77Q1 23: 72Q2 23: 57Q3 23: 45Q4 23: 47Q1 24: 40Q2 24: 37Q3 24: 38Q4 24: 3535Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 202277
Q4 202277
Q1 202372
Q2 202357
Q3 202345
Q4 202347
Q1 202440
Q2 202437
Q3 202438
Q4 202435

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 23: 25 bought or addedQ1 23: 32 cut or sold outQ2 23: 11 bought or addedQ2 23: 40 cut or sold outQ2 23Q3 23: 8 bought or addedQ3 23: 30 cut or sold outQ4 23: 11 bought or addedQ4 23: 14 cut or sold outQ4 23Q1 24: 8 bought or addedQ1 24: 19 cut or sold outQ2 24: 4 bought or addedQ2 24: 10 cut or sold outQ2 24Q3 24: 8 bought or addedQ3 24: 9 cut or sold outQ4 24: 10 bought or addedQ4 24: 10 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 20232532
Q2 20231140
Q3 2023830
Q4 20231114
Q1 2024819
Q2 2024410
Q3 202489
Q4 20241010

Biggest buyers

BNP PARIBAS ASSET MANAGEMENT Holding S.A. New +8,000,000+8.0m
Radcliffe Capital Management, L.P. New +5,963,000+6.0m
PIPER SANDLER & CO. Added +3,200,000+3.2m
LAZARD ASSET MANAGEMENT LLC Added +2,500,000+2.5m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +1,287,000+1.3m
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS New +280,000+280.0k
Context Capital Management, LLC New +16,700+16.7k
180 WEALTH ADVISORS, LLC New +15,000+15.0k
Chicago Capital Management, LLC Added +3,000+3.0k
OSAIC HOLDINGS, INC. Added +5+5

Biggest sellers

JPMORGAN CHASE & CO Reduced -32,666,000-32.7m
ALKEON CAPITAL MANAGEMENT LLC Sold out -20,000,000-20.0m
Thrivent Financial for Lutherans Sold out -3,000,000-3.0m
BANK OF AMERICA CORP /DE/ Sold out -1,740,000-1.7m
Fort Baker Capital Management LP Sold out -1,344,000-1.3m
MORGAN STANLEY Sold out -1,000,000-1.0m
BLAIR WILLIAM & CO/IL Reduced -350,000-350.0k
Wilmington Savings Fund Society, FSB Sold out -200,000-200.0k
B. Riley Wealth Advisors, Inc. Sold out -60,000-60.0k
TEALWOOD ASSET MANAGEMENT INC Reduced -20,000-20.0k

Holders, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 0.71% of their portfolio NEW YORK, NY 51,361,00051.4m $50.8m $50.8m 0.71% Added +1.3m +1,287,000
2 LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 13,065,00013.1m $13.0m $13.0m 0.02% Added +2.5m +2,500,000
3 Parallax Volatility Advisers, L.P. 0.17% of their portfolio San Francisco, CA 8,000,0008.0m $7.9m $7.9m 0.17% Unchanged
4 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 8,000,0008.0m $7.9m $7.9m 0.02% New
5 PIER 88 INVESTMENT PARTNERS LLC 1.49% of their portfolio SAN FRANCISCO, CA 7,660,0007.7m $7.6m $7.6m 1.49% Unchanged
6 PIPER SANDLER & CO. 5.32% of their portfolio MINNEAPOLIS, MN 7,063,0007.1m $7.0m $7.0m 5.32% Added +3.2m +3,200,000
7 PALISADE CAPITAL MANAGEMENT, LP 0.16% of their portfolio FORT LEE, NJ 6,156,0006.2m $6.1m $6.1m 0.16% Unchanged
8 Radcliffe Capital Management, L.P. 0.67% of their portfolio BALA CYNWYD, PA 5,963,0006.0m $5.9m $5.9m 0.67% New
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 3,500,0003.5m $3.5m $3.5m 0.00% Reduced -32.7m -32,666,000
10 WATER ISLAND CAPITAL LLC 0.37% of their portfolio NEW YORK, NY 3,105,0003.1m $3.1m $3.1m 0.37% Unchanged
11 ADVENT CAPITAL MANAGEMENT /DE/ 0.07% of their portfolio NEW YORK, NY 2,891,0002.9m $2.9m $2.9m 0.07% Unchanged
12 BLAIR WILLIAM & CO/IL 0.01% of their portfolio CHICAGO, IL 2,523,0002.5m $2.5m $2.5m 0.01% Reduced -350.0k -350,000
13 Calamos Advisors LLC 0.01% of their portfolio NAPERVILLE, IL 2,353,0002.4m $2.3m $2.3m 0.01% Unchanged
14 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,500,0001.5m $1.5m $1.5m 0.00% Unchanged
15 TEALWOOD ASSET MANAGEMENT INC 0.53% of their portfolio Minneapolis, MN 1,300,0001.3m $1.3m $1.3m 0.53% Reduced -20.0k -20,000
16 SSI INVESTMENT MANAGEMENT LLC 0.08% of their portfolio Los Angeles, CA 1,050,0001.1m $1.0m $1.0m 0.08% Unchanged
17 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 750,000750.0k $738.8k $738.8k 0.00% Unchanged
18 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.00% of their portfolio HARRISBURG, PA 280,000280.0k $276.3k $276.3k 0.00% New
19 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 165,000165.0k $162.8k $162.8k 0.00% First filing
20 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 85,00085.0k $83.9k $83.9k 0.00% Unchanged
21 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 85,00085.0k $83.9k $83.9k 0.00% Unchanged
22 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 70,00070.0k $69.1k $69.1k 0.00% Unchanged
23 Argent Trust Co 0.00% of their portfolio NASHVILLE, TN 65,00065.0k $64.1k $64.1k 0.00% Unchanged
24 WealthPLAN Partners, LLC 0.01% of their portfolio OMAHA, NE 55,00055.0k $54.1k $54.1k 0.01% Unchanged
25 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 52,00052.0k $51.3k $51.3k 0.00% Unchanged
26 Diversify Advisory Services, LLC 0.00% of their portfolio SANDY, UT 45,00045.0k $44.4k $44.4k 0.00% Unchanged
27 Cornerstone Wealth Advisors, Inc. 0.01% of their portfolio EDINA, MN 30,00030.0k $29.5k $29.5k 0.01% Unchanged
28 Smart Money Group LLC 0.01% of their portfolio EASTLAND, TX 25,00025.0k $24.6k $24.6k 0.01% Unchanged
29 Context Capital Management, LLC 0.65% of their portfolio LAJOLLA, CA 16,70016.7k $16.6m $16.6m 0.65% New
30 180 WEALTH ADVISORS, LLC 0.00% of their portfolio FEDERAL WAY, WA 15,00015.0k $14.8k $14.8k 0.00% New
31 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 9,0009.0k $9.0k $9.0k 0.00% Unchanged
32 K2 PRINCIPAL FUND, L.P. 1.13% of their portfolio TORONTO, A6 7,7997.8k $7.7m $7.7m 1.13% Unchanged
33 Chicago Capital Management, LLC 2.05% of their portfolio CHICAGO, IL 3,3503.4k $3.3m $3.3m 2.05% Added +3.0k +3,000
34 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1515 $14.8k $14.8k 0.00% Added +5 +5
35 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged