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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
Ninety One (UK)
51
Ninety One (UK)
United Kingdom
$46.5M +$10.6M +180,105 +28%
IIM
52
Intact Investment Management
Quebec, Canada
$46.2M +$4.12M +69,825 +9%
Caisse de Depot et Placement du Quebec (CDPQ)
53
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$45.1M +$47.3M +802,700 New
Swiss National Bank
54
Swiss National Bank
Switzerland
$40.8M +$15.2M +258,243 +55%
Legal & General Group
55
Legal & General Group
United Kingdom
$40.6M +$11.9M +201,447 +39%
Arrowstreet Capital
56
Arrowstreet Capital
Massachusetts
$39.7M +$41.1M +696,937 +8,915%
LCOV
57
London Company of Virginia
Virginia
$39.5M +$41.4M +702,377 New
CAM
58
Cidel Asset Management
Ontario, Canada
$38.6M +$1.31M +22,284 +3%
William Blair & Company
59
William Blair & Company
Illinois
$35.8M -$1.27M -21,501 -3%
Two Sigma Investments
60
Two Sigma Investments
New York
$31.6M +$29.7M +504,419 +892%
Mackenzie Financial
61
Mackenzie Financial
Ontario, Canada
$31.2M -$1.17M -19,879 -3%
Allspring Global Investments
62
Allspring Global Investments
North Carolina
$28.8M +$3.08M +52,309 +11%
Envestnet Asset Management
63
Envestnet Asset Management
Illinois
$28.1M +$4.34M +73,603 +17%
CVA
64
Ceredex Value Advisors
Florida
$28M +$4.69M +79,500 +19%
SSA
65
Schonfeld Strategic Advisors
New York
$27.3M +$2.4M +40,727 +9%
Susquehanna International Group
66
Susquehanna International Group
Pennsylvania
$26.8M +$28.1M +476,035 New
Bank of New York Mellon
67
Bank of New York Mellon
New York
$26M -$11.5M -195,029 -30%
New York State Common Retirement Fund
68
New York State Common Retirement Fund
New York
$25.8M +$13.5M +228,211 +100%
Sumitomo Mitsui Trust Group
69
Sumitomo Mitsui Trust Group
Japan
$25.7M +$10.3M +175,396 +62%
Marshall Wace
70
Marshall Wace
United Kingdom
$24.2M +$23.8M +403,222 +1,476%
Ensign Peak Advisors
71
Ensign Peak Advisors
Utah
$23.6M +$1.39M +23,561 +6%
RRAM
72
River Road Asset Management
Kentucky
$23.2M +$24.3M +411,805 New
Mawer Investment Management
73
Mawer Investment Management
Alberta, Canada
$22.2M +$23.2M +394,199 New
Qube Research & Technologies (QRT)
74
Qube Research & Technologies (QRT)
United Kingdom
$21.7M +$22.8M +386,088 New
Public Sector Pension Investment Board (PSP Investments)
75
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$21.3M +$9.64M +163,502 +76%
1 2
3
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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.