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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
Toronto Dominion Bank
76
Toronto Dominion Bank
Ontario, Canada
$20.5M +$17.8M +301,422 +468%
Canada Pension Plan Investment Board
77
Canada Pension Plan Investment Board
Ontario, Canada
$20.5M +$3.5M +59,440 +20%
NC
78
Nicholas Company
Wisconsin
$20.2M +$13.1M +222,996 +164%
Aviva
79
Aviva
United Kingdom
$19.5M +$10.1M +172,020 +98%
BFM
80
Boston Financial Management
Massachusetts
$18.7M -$1.65M -27,930 -8%
CCMLC
81
Cardinal Capital Management LLC (Connecticut)
Connecticut
$18.1M +$19M +321,979 New
SI
82
Scout Investments
Missouri
$17.9M +$18.8M +318,115 New
Alyeska Investment Group
83
Alyeska Investment Group
Illinois
$17.2M +$18M +305,639 New
Northern Trust
84
Northern Trust
Illinois
$16.7M +$7.75M +131,486 +80%
HSBC Holdings
85
HSBC Holdings
United Kingdom
$16.6M +$13.7M +232,200 +365%
Balyasny Asset Management
86
Balyasny Asset Management
Illinois
$16.5M -$37.3M -633,001 -68%
Aberdeen Group
87
Aberdeen Group
United Kingdom
$16.4M – – –
Wellington Management Group
88
Wellington Management Group
Massachusetts
$15.5M -$709K -12,034 -4%
OAM
89
Oppenheimer Asset Management
New York
$15M +$4.18M +70,843 +36%
Holocene Advisors
90
Holocene Advisors
New York
$15M +$15.7M +265,792 New
CS
91
Credit Suisse
Switzerland
$14.9M +$4.96M +84,073 +46%
AAM
92
Alpine Associates Management
Florida
$14.6M +$15.3M +259,668 New
Bank of Nova Scotia
93
Bank of Nova Scotia
Ontario, Canada
$14.6M +$6M +101,716 +64%
T. Rowe Price Associates
94
T. Rowe Price Associates
Maryland
$14.5M +$8.23M +139,584 +118%
National Bank of Canada
95
National Bank of Canada
Quebec, Canada
$14.5M +$2.1M +35,606 +16%
SEI Investments
96
SEI Investments
Pennsylvania
$14.2M +$9.75M +165,420 +192%
SV
97
Starboard Value
New York
$14.1M +$14.8M +251,163 New
WMSA
98
Weiss Multi-Strategy Advisers
New York
$13.1M +$13.7M +232,086 New
Walleye Capital
99
Walleye Capital
New York
$13M +$8.22M +139,424 +153%
FTCM
100
Fir Tree Capital Management
New York
$12.7M -$11.8M -200,000 -47%
2 3
4
5 6

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.