Vault-13

RINGCENTRAL INC RNG 0 03.15.26

NOTE 3/1 · US DOMESTIC · CUSIP 76680RAH0

37 institutional holders +2 vs Q1 2025
30,487,00030.5m shares reported held*
$589.5mreported value*
5 new 7 added 7 reduced 3 sold out net bought ≈ $19.1m (+2.7m 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 ≈ $19.34.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 43Q4 22: 45Q1 23: 45Q2 23: 40Q3 23: 36Q4 23: 38Q1 24: 39Q2 24: 37Q3 24: 35Q4 24: 36Q1 25: 35Q2 25: 3737Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202243
Q4 202245
Q1 202345
Q2 202340
Q3 202336
Q4 202338
Q1 202439
Q2 202437
Q3 202435
Q4 202436
Q1 202535
Q2 202537

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q3 23: 9 bought or addedQ3 23: 19 cut or sold outQ4 23: 14 bought or addedQ4 23: 10 cut or sold outQ4 23Q1 24: 15 bought or addedQ1 24: 15 cut or sold outQ2 24: 8 bought or addedQ2 24: 18 cut or sold outQ2 24Q3 24: 8 bought or addedQ3 24: 13 cut or sold outQ4 24: 14 bought or addedQ4 24: 12 cut or sold outQ4 24Q1 25: 15 bought or addedQ1 25: 18 cut or sold outQ2 25: 12 bought or addedQ2 25: 10 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023919
Q4 20231410
Q1 20241515
Q2 2024818
Q3 2024813
Q4 20241412
Q1 20251518
Q2 20251210

Biggest buyers

Diameter Capital Partners LP New +17,218,000+17.2m
Radcliffe Capital Management, L.P. Added +10,500,000+10.5m
WELLS FARGO & COMPANY/MN Added +7,192,000+7.2m
ARISTEIA CAPITAL, L.L.C. Added +5,500,000+5.5m
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS Added +2,780,000+2.8m
WELLINGTON MANAGEMENT GROUP LLP New +2,420,000+2.4m
STATE STREET CORP Added +595,000+595.0k
Jefferies Financial Group Inc. New +455,000+455.0k
CSS LLC/IL New +32,000+32.0k
PALISADE CAPITAL MANAGEMENT, LP Added +20,000+20.0k

Biggest sellers

TENOR CAPITAL MANAGEMENT Co., L.P. Reduced -13,202,000-13.2m
JPMORGAN CHASE & CO Reduced -8,395,000-8.4m
LORD, ABBETT & CO. LLC Reduced -3,394,000-3.4m
Hudson Bay Capital Management LP Reduced -870,000-870.0k
ZAZOVE ASSOCIATES LLC Reduced -455,000-455.0k
BlackRock, Inc. Reduced -400,000-400.0k
BANK OF AMERICA CORP /DE/ Reduced -50,000-50.0k
NOMURA HOLDINGS INC Sold out -25,293-25.3k
Austin Asset Management Co Inc Sold out -11,000-11.0k
HPS Investment Partners, LLC Sold out -7,991-8.0k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 2.60% of their portfolio NEW YORK, NY 200,000,000200.0m $192.8m $192.8m 2.60% Reduced -13.2m -13,202,000
2 D. E. Shaw & Co., Inc. 0.09% of their portfolio New York, NY 98,792,00098.8m $95.2m $95.2m 0.09% Unchanged
3 Hudson Bay Capital Management LP 0.32% of their portfolio STAMFORD, CT 50,186,00050.2m $48.4m $48.4m 0.32% Reduced -870.0k -870,000
4 LORD, ABBETT & CO. LLC 0.14% of their portfolio JERSEY CITY, NJ 45,962,00046.0m $44.1m $44.1m 0.14% Reduced -3.4m -3,394,000
5 Radcliffe Capital Management, L.P. 3.08% of their portfolio BALA CYNWYD, PA 42,230,00042.2m $40.5m $40.5m 3.08% Added +10.5m +10,500,000
6 Calamos Advisors LLC 0.17% of their portfolio NAPERVILLE, IL 41,100,00041.1m $39.5m $39.5m 0.17% Unchanged
7 ARISTEIA CAPITAL, L.L.C. 0.68% of their portfolio GREENWICH, CT 25,000,00025.0m $24.0m $24.0m 0.68% Added +5.5m +5,500,000
8 ALKEON CAPITAL MANAGEMENT LLC 0.09% of their portfolio New York, NY 20,000,00020.0m $19.2m $19.2m 0.09% Unchanged
9 Diameter Capital Partners LP 4.61% of their portfolio New York, NY 17,218,00017.2m $16.6m $16.6m 4.61% New
10 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 14,395,00014.4m $13.8m $13.8m 0.00% Reduced -8.4m -8,395,000
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 12,162,00012.2m $11.7m $11.7m 0.00% Added +595.0k +595,000
12 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 10,600,00010.6m $10.2m $10.2m 0.02% Unchanged
13 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 7,278,0007.3m $7.0m $7.0m 0.00% Added +7.2m +7,192,000
14 BlackRock, Inc. 0.00% of their portfolio New York, NY 5,971,0006.0m $5.7m $5.7m 0.00% Reduced -400.0k -400,000
15 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.03% of their portfolio HARRISBURG, PA 5,500,0005.5m $5.3m $5.3m 0.03% Added +2.8m +2,780,000
16 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 4,947,0004.9m $4.7m $4.7m 0.01% Unchanged
17 FMR LLC 0.00% of their portfolio BOSTON, MA 4,000,0004.0m $3.8m $3.8m 0.00% Unchanged
18 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 2,420,0002.4m $2.3m $2.3m 0.00% New
19 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,750,0001.8m $1.7m $1.7m 0.00% Unchanged
20 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 570,000570.0k $546.6k $546.6k 0.00% Unchanged
21 Amundi 0.00% of their portfolio Paris, I0 456,000456.0k $437.3k $437.3k 0.00% Unchanged
22 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 455,000455.0k $437.3k $437.3k 0.01% New
23 RFG Advisory, LLC 0.01% of their portfolio BIRMINGHAM, AL 390,000390.0k $375.2k $375.2k 0.01% Added +20.0k +20,000
24 PALISADE CAPITAL MANAGEMENT, LP 0.01% of their portfolio FORT LEE, NJ 320,000320.0k $307.7k $307.7k 0.01% Added +20.0k +20,000
25 ZAZOVE ASSOCIATES LLC 0.01% of their portfolio INCLINE VILLAGE, NV 134,000134.0k $128.8k $128.8k 0.01% Reduced -455.0k -455,000
26 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 97,00097.0k $93.3k $93.3k 0.00% Unchanged
27 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 76,00076.0k $72.9k $72.9k 0.00% Unchanged
28 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 70,00070.0k $67.1k $67.1k 0.00% Unchanged
29 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 62,00062.0k $59.6k $59.6k 0.00% Unchanged
30 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 62,00062.0k $59.5k $59.5k 0.00% Unchanged
31 VIRTUS ADVISERS, LLC 0.02% of their portfolio HARTFORD, CT 42,00042.0k $40.3k $40.3k 0.02% Unchanged
32 BRIGHTON JONES LLC 0.00% of their portfolio SEATTLE, WA 40,00040.0k $38.4k $38.4k 0.00% Unchanged
33 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 34,00034.0k $32.6k $32.6k 0.00% Reduced -50.0k -50,000
34 CSS LLC/IL 0.00% of their portfolio CHICAGO, IL 32,00032.0k $30.8k $30.8k 0.00% New
35 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 16,00016.0k $15.4k $15.4k 0.00% New
36 Alken Asset Management Ltd 0.51% of their portfolio LONDON, X0 300300 $288.0k $288.0k 0.51% Unchanged
37 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged