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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
OCAM
101
Onex Canada Asset Management
Ontario, Canada
$12.7M +$9.47M +160,625 +250%
Brown Advisory
102
Brown Advisory
Maryland
$12.6M +$13.2M +223,840 New
OMC
103
Oasis Management Company
Cayman Islands
$12.6M +$13.1M +223,056 New
SGDR
104
SPX Gestao de Recursos
Brazil
$12.6M +$13.1M +223,000 New
CRC
105
Curi RMB Capital
Illinois
$12.4M -$36.7K -623 -0.3%
BGDI
106
BW Gestao de Investimentos
Brazil
$12.1M +$6.18M +104,773 +95%
D.E. Shaw & Co
107
D.E. Shaw & Co
New York
$12M +$134K +2,267 +1%
1SAMC
108
12th Street Asset Management Company
Tennessee
$11.9M +$12.4M +210,775 New
RHJA
109
Rice Hall James & Associates
California
$11.7M +$12.2M +207,333 New
N
110
Nuveen
North Carolina
$11.6M +$12.2M +206,670 New
GIP
111
Granite Investment Partners
California
$11.5M -$1.2M -20,337 -9%
HF
112
HRT Financial
New York
$10.7M +$11.2M +189,990 New
AFM
113
Anson Funds Management
Texas
$10.6M +$11.1M +188,656 New
State of Wisconsin Investment Board
114
State of Wisconsin Investment Board
Wisconsin
$9.96M +$4.19M +71,099 +67%
Amundi
115
Amundi
France
$9.41M +$1.7M +28,826 +21%
RJA
116
Raymond James & Associates
Florida
$9.38M +$4.2M +71,261 +75%
GI
117
GAMCO Investors
Connecticut
$9.2M +$9.63M +163,408 New
PIC
118
PCJ Investment Counsel
Ontario, Canada
$9.19M +$9.63M +163,330 New
Deutsche Bank
119
Deutsche Bank
Germany
$8.94M +$2.7M +45,739 +40%
SBH
120
Segall Bryant & Hamill
Illinois
$8.92M +$114K +1,942 +1%
ECM
121
ExodusPoint Capital Management
New York
$8.9M +$7.65M +129,687 +456%
Russell Investments Group
122
Russell Investments Group
United Kingdom
$8.42M +$5.34M +90,497 +153%
California Public Employees Retirement System
123
California Public Employees Retirement System
California
$8.03M +$8.41M +142,688 New
AC
124
Addenda Capital
Quebec, Canada
$8.02M -$47.9K -812 -0.8%
Allianz Asset Management
125
Allianz Asset Management
Germany
$7.85M +$7.07M +119,873 +606%
3 4
5
6 7

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.