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RB Global
RBA

455 hedge funds and large institutions have $9.15B invested in RB Global in 2023 Q1 according to their latest regulatory filings, with 170 funds opening new positions, 177 increasing their positions, 75 reducing their positions, and 60 closing their positions.

New
Increased
Maintained
Reduced
Closed

183% more first-time investments, than exits

New positions opened: 170 | Existing positions closed: 60

136% more repeat investments, than reductions

Existing positions increased: 177 | Existing positions reduced: 75

89% more funds holding in top 10

Funds holding in top 10: 9 → 17 (+8)

61% more capital invested

Capital invested by funds: $5.68B → $9.15B (+$3.46B)

29% more funds holding

Funds holding: 352 → 455 (+103)

0.65% less ownership

Funds ownership: 88.84% → 88.19% (-0.65%)

44% less call options, than puts

Call options by funds: $50M | Put options by funds: $89.3M

Holders
455
Holders Change
+103
Holders Change %
+29.26%
% of All Funds
7.25%
Holding in Top 10
17
Holding in Top 10 Change
+8
Holding in Top 10 Change %
+88.89%
% of All Funds
0.27%
New
170
Increased
177
Reduced
75
Closed
60
Calls
$50M
Puts
$89.3M
Net Calls
-$39.3M
Net Calls Change
-$68.3M

Top Buyers

1
IFP
Independent Franchise Partners
United Kingdom
+$587M
2
EIG
EdgePoint Investment Group
Ontario, Canada
+$365M
3
CB
Cooke & Bieler
Pennsylvania
+$207M
4
AA
Ancora Advisors
Ohio
+$166M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$152M

Top Sellers

1
DKCM
Davidson Kempner Capital Management
New York
-$94.2M
2
Invesco
Invesco
Georgia
-$53.9M
3
EC
Eminence Capital
New York
-$41M
4
Janus Henderson Group
Janus Henderson Group
United Kingdom
-$39.4M
5
TAL
TIG Advisors LLC
New York
-$39.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
CIP
26
Champlain Investment Partners
Vermont
$102M -$2.01M -34,080 -2%
BlackRock
27
BlackRock
New York
$94.3M +$93.1M +1,578,560 +1,638%
Baillie Gifford & Co
28
Baillie Gifford & Co
United Kingdom
$86.6M -$3.05M -51,729 -3%
Citadel Advisors
29
Citadel Advisors
Florida
$84.2M +$56.7M +961,832 +180%
Royal Bank of Canada
30
Royal Bank of Canada
Ontario, Canada
$74.6M +$6.21M +105,258 +9%
Ameriprise
31
Ameriprise
Minnesota
$72.7M +$27.3M +463,197 +57%
Bessemer Group
32
Bessemer Group
New Jersey
$72.2M +$73.8M +1,252,237 +4,155%
BCIM
33
British Columbia Investment Management
British Columbia, Canada
$71.4M +$10.6M +180,280 +17%
Franklin Resources
34
Franklin Resources
California
$68.7M +$68.5M +1,161,738 +1,999%
GIM
35
Granahan Investment Management
Massachusetts
$68.2M +$40.1M +680,067 +128%
Invesco
36
Invesco
Georgia
$66.3M -$53.9M -915,146 -44%
Thrivent Financial for Lutherans
37
Thrivent Financial for Lutherans
Minnesota
$63.7M +$66.8M +1,132,382 New
PCM
38
Palisade Capital Management
New Jersey
$60.8M +$32.2M +546,121 +102%
Two Sigma Advisers
39
Two Sigma Advisers
New York
$60.8M +$58.4M +991,179 +1,117%
Jane Street
40
Jane Street
New York
$59.7M +$60.9M +1,032,820 +3,624%
MAMU
41
Marathon Asset Management (UK)
United Kingdom
$56.2M -$616K -10,455 -1%
SHCM
42
Sachem Head Capital Management
New York
$55.6M +$58.2M +987,500 New
Dimensional Fund Advisors
43
Dimensional Fund Advisors
Texas
$54.9M +$36.3M +615,233 +171%
Goldman Sachs
44
Goldman Sachs
New York
$53.4M +$23.3M +395,765 +72%
Millennium Management
45
Millennium Management
New York
$53M +$53.6M +908,484 +2,696%
State Street
46
State Street
Massachusetts
$51.1M +$53.5M +907,529 New
TD Asset Management
47
TD Asset Management
Ontario, Canada
$49.7M +$13.9M +236,072 +36%
Geode Capital Management
48
Geode Capital Management
Massachusetts
$49.2M +$31M +525,645 +151%
RA
49
Royce & Associates
New York
$48.7M +$25M +424,361 +96%
Man Group
50
Man Group
United Kingdom
$47.1M -$8.32M -141,151 Closed
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RBA Hedge Fund Activity: Q1 2023 in Review

455 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in RB Global (RBA) for Q1 2023, worth a combined $9.15B — up 61% from $5.68B a quarter earlier.

Buyers outnumbered sellers: 170 funds opened new RBA positions and 60 closed out — a net gain of 110 holders — while 177 added to existing stakes and 75 trimmed.

The largest buyer was Independent Franchise Partners, adding an estimated $587M. The largest seller was Davidson Kempner Capital Management, exiting entirely with an estimated $94.2M sold.

  • 455 institutional investors held RB Global (RBA) as of Q1 2023, up from 352 in Q4 2022.
  • Funds reported $9.15B of RB Global stock for Q1 2023, up 61% quarter-over-quarter.
  • 170 funds opened new RB Global positions in Q1 2023 and 60 closed out, a net change of +110 holders.
  • The largest RB Global buyer in Q1 2023 was Independent Franchise Partners, an estimated $587M added.
  • The largest RB Global seller in Q1 2023 was Davidson Kempner Capital Management, an estimated $94.2M sold.

Based on aggregated 13F filings for Q1 2023.