Vault-13

RINGCENTRAL INC RNG 0 03.15.26

NOTE 3/1 · US DOMESTIC · CUSIP 76680RAH0

40 institutional holders -5 vs Q1 2023
49,858,00049.9m shares reported held*
$506.2mreported value*
5 new 10 added 8 reduced 10 sold out net sold ≈ $29.6m (-5.0m 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 ≈ $10.15.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 43Q4 22: 45Q1 23: 45Q2 23: 4040Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202243
Q4 202245
Q1 202345
Q2 202340

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 15 bought or addedQ4 22: 21 cut or sold outQ4 22Q1 23: 20 bought or addedQ1 23: 18 cut or sold outQ1 23Q2 23: 15 bought or addedQ2 23: 18 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221521
Q1 20232018
Q2 20231518

Biggest buyers

D. E. Shaw & Co., Inc. Added +59,250,000+59.2m
Linden Advisors LP Added +27,610,000+27.6m
Elliott Investment Management L.P. Added +16,000,000+16.0m
Point72 Asset Management, L.P. New +8,500,000+8.5m
JPMORGAN CHASE & CO Added +5,750,000+5.8m
HighTower Advisors, LLC New +5,076,000+5.1m
CITIGROUP INC Added +4,588,000+4.6m
WELLS FARGO & COMPANY/MN Added +2,650,000+2.6m
Monashee Investment Management LLC New +2,000,000+2.0m
STATE STREET CORP Added +1,400,000+1.4m

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Sold out -61,380,000-61.4m
FMR LLC Reduced -29,828,000-29.8m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -20,372,000-20.4m
CAMDEN ASSET MANAGEMENT L P /CA Reduced -11,538,000-11.5m
Centiva Capital, LP Sold out -10,000,000-10.0m
Nuveen Asset Management, LLC Sold out -10,000,000-10.0m
LAZARD ASSET MANAGEMENT LLC Reduced -6,500,000-6.5m
HighTower Advisors, LLC Sold out -5,066,000-5.1m
Blackstone Inc. Reduced -5,000,000-5.0m
BANK OF AMERICA CORP /DE/ Reduced -3,966,000-4.0m

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Elliott Investment Management L.P. 1.08% of their portfolio WEST PALM BEACH, FL 108,500,000108.5m $90.1m $90.1m 1.08% Added +16.0m +16,000,000
2 D. E. Shaw & Co., Inc. 0.09% of their portfolio New York, NY 70,767,00070.8m $58.8m $58.8m 0.09% Added +59.2m +59,250,000
3 Linden Advisors LP 0.51% of their portfolio New York, NY 58,535,00058.5m $48.7m $48.7m 0.51% Added +27.6m +27,610,000
4 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 52,074,00052.1m $43.4m $43.4m 0.00% Added +5.8m +5,750,000
5 TENOR CAPITAL MANAGEMENT Co., L.P. 0.82% of their portfolio NEW YORK, NY 47,000,00047.0m $39.1m $39.1m 0.82% Unchanged
6 Calamos Advisors LLC 0.18% of their portfolio NAPERVILLE, IL 41,675,00041.7m $34.7m $34.7m 0.18% Unchanged
7 ALKEON CAPITAL MANAGEMENT LLC 0.20% of their portfolio New York, NY 40,000,00040.0m $33.2m $33.2m 0.20% Unchanged
8 ADVENT CAPITAL MANAGEMENT /DE/ 0.62% of their portfolio NEW YORK, NY 37,001,00037.0m $30.9m $30.9m 0.62% Reduced -20.4m -20,372,000
9 BlackRock Inc. 0.00% of their portfolio New York, NY 28,696,00028.7m $23.8m $23.8m 0.00% Reduced -100.0k -100,000
10 LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 22,405,00022.4m $18.7m $18.7m 0.02% Reduced -6.5m -6,500,000
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 15,192,00015.2m $12.6m $12.6m 0.00% Added +1.4m +1,400,000
12 FMR LLC 0.00% of their portfolio BOSTON, MA 11,332,00011.3m $9.4m $9.4m 0.00% Reduced -29.8m -29,828,000
13 Point72 Asset Management, L.P. 0.02% of their portfolio STAMFORD, CT 8,500,0008.5m $7.1m $7.1m 0.02% New
14 Blackstone Inc. 0.03% of their portfolio NEW YORK, NY 8,000,0008.0m $6.7m $6.7m 0.03% Reduced -5.0m -5,000,000
15 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 6,258,0006.3m $5.2m $5.2m 0.01% Reduced -2.3m -2,279,000
16 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 5,683,0005.7m $4.7m $4.7m 0.00% Reduced -4.0m -3,966,000
17 Amundi 0.00% of their portfolio Paris, I0 5,256,0005.3m $4.4m $4.4m 0.00% Unchanged
18 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 5,076,0005.1m $4.2m $4.2m 0.01% New
19 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 5,000,0005.0m $4.2m $4.2m 0.01% Added +4.6m +4,588,000
20 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,949,0003.9m $3.3m $3.3m 0.00% Added +197.0k +197,000
21 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 3,750,0003.8m $3.1m $3.1m 0.00% Unchanged
22 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 3,438,0003.4m $2.9m $2.9m 0.00% Added +163.0k +163,000
23 CAPSTONE INVESTMENT ADVISORS, LLC 0.07% of their portfolio NEW YORK, NY 3,000,0003.0m $2.5m $2.5m 0.07% Unchanged
24 CAMDEN ASSET MANAGEMENT L P /CA 0.08% of their portfolio Los Angeles, CA 2,924,0002.9m $2.4m $2.4m 0.08% Reduced -11.5m -11,538,000
25 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,770,0002.8m $2.3m $2.3m 0.00% Added +2.6m +2,650,000
26 SOROS FUND MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 2,000,0002.0m $1.7m $1.7m 0.04% Unchanged
27 Monashee Investment Management LLC 0.40% of their portfolio Boston, MA 2,000,0002.0m $1.7m $1.7m 0.40% New
28 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,750,0001.8m $1.5m $1.5m 0.00% Unchanged
29 Lombard Odier Asset Management (Europe) Ltd 0.06% of their portfolio LONDON, X0 1,500,0001.5m $1.2m $1.2m 0.06% Unchanged
30 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,000,0001.0m $830.0k $830.0k 0.00% Unchanged
31 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 1,000,0001.0m $833.5k $833.5k 0.00% Added +342.0k +342,000
32 SSI INVESTMENT MANAGEMENT LLC 0.04% of their portfolio Los Angeles, CA 702,000702.0k $582.7k $582.7k 0.04% New
33 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 500,000500.0k $416.6k $416.6k 0.00% Unchanged
34 Bellecapital International Ltd. 0.08% of their portfolio ZURICH, V8 416,000416.0k $345.6k $345.6k 0.08% Unchanged
35 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 410,000410.0k $340.3k $340.3k 0.00% Unchanged
36 ZAZOVE ASSOCIATES LLC 0.02% of their portfolio INCLINE VILLAGE, NV 288,000288.0k $240.0k $240.0k 0.02% Unchanged
37 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 127,000127.0k $105.8k $105.8k 0.00% New
38 PUTNAM INVESTMENTS LLC 0.00% of their portfolio BOSTON, MA 100,000100.0k $83.0k $83.0k 0.00% Unchanged
39 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 91,00091.0k $75.7k $75.7k 0.00% Unchanged
40 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged