13FPulse
RN

RNG RINGCENTRAL INC-CLASS A

2026Q2 · CUSIP 76680R206 · Enterprise Software · Sector: Technology

Piling in

Net holder growth ranks near the top of the market

Funds that own it
366
Institutions that reported holding it to the SEC
Net increase in holders
+27
Last quarter 339 → now 366
How unusual is that
Top 20%
Stronger buying than 88% of US stocks
What the filings say, in one paragraph

366 funds held RNG at the end of 2026Q2, up 27 from the quarter before. That is stronger buying than 87.9% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $2.6B(YoY +5.2%), the P/E is 55.5x. RNG has had 19 buying rushes in its history, and the price moved +7.6% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Technology sector, tagged Enterprise Software.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q4: holders=56 2014Q1: holders=72 2014Q2: holders=82 2014Q3: holders=93 2014Q4: holders=93 2015Q1: holders=101 2015Q2: holders=120 2015Q3: holders=133 2015Q4: holders=148 2016Q1: holders=146 2016Q2: holders=155 2016Q3: holders=151 2016Q4: holders=157 2017Q1: holders=160 2017Q2: holders=174 2017Q3: holders=173 2017Q4: holders=196 2018Q1: holders=250 2018Q2: holders=259 2018Q3: holders=273 2018Q4: holders=281 2019Q1: holders=307 2019Q2: holders=305 2019Q3: holders=322 2019Q4: holders=396 2020Q1: holders=468 2020Q2: holders=512 2020Q3: holders=510 2020Q4: holders=566 2021Q1: holders=536 2021Q2: holders=517 2021Q3: holders=482 2021Q4: holders=450 2022Q1: holders=421 2022Q2: holders=378 2022Q3: holders=357 2022Q4: holders=330 2023Q1: holders=301 2023Q2: holders=288 2023Q3: holders=261 2023Q4: holders=262 2024Q1: holders=262 2024Q2: holders=284 2024Q3: holders=286 2024Q4: holders=312 2025Q1: holders=299 2025Q2: holders=289 2025Q3: holders=320 2025Q4: holders=307 2026Q1: holders=339 2026Q2: holders=366 -74 -37 +0 +37 +74 50323595 13Q415Q216Q418Q219Q421Q222Q424Q225Q426Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 19 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 20%
2026Q1 Top 10% -3.4%
2025Q3 Top 10% +4.0% +9.7%
2024Q2 Top 20% -9.1% +8.8%
2020Q4 Top 20% -29.7% -41.6%
2020Q2 Top 10% -4.1% +1.6%
2020Q1 Top 1% in the market +9.3% +11.1%
2019Q4 Top 5% -13.1% +17.9%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
170
Change in large funds
+18
Total value they hold
$3.4B
Funds buying for the first time
83
Funds that sold out entirely
56
Price change that quarter
+70.8%
Funds holding puts (bearish)
7
Funds holding calls (bullish)
5

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
55.5
EPS (TTM)
$1.25
EPS YoY
Revenue (TTM)
$2.6B
Revenue YoY
+5.2%
Net margin
4.3%
ROE
Debt ratio
129.8%
FCF (TTM)
$638M
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2022-09-30: EPS -2.98 2022-12-31: EPS -2.97 2023-03-31: EPS -0.57 2023-06-30: EPS -0.23 2023-09-30: EPS -0.45 2023-12-31: EPS -0.49 2024-03-31: EPS -0.31 2024-06-30: EPS -0.16 2024-09-30: EPS -0.09 2024-12-31: EPS -0.07 2025-03-31: EPS -0.11 2025-06-30: EPS 0.14 2025-09-30: EPS 0.19 2025-12-31: EPS 0.26 2026-03-31: EPS 0.35 2026-06-30: EPS 0.45 0M 329M 657M $M -3.28 -1.39 0.50 2016201720182019202020212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
39 115 190 20252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-91M34M158M 20162017201820192020202120222023202420252026
Latest quarter $158M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.