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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
Canada Life
126
Canada Life
Manitoba, Canada
$7.52M +$128K +2,166 +2%
Stifel Financial
127
Stifel Financial
Missouri
$7.47M +$800K +13,564 +11%
BMCM
128
Black Maple Capital Management
Wisconsin
$7.25M +$7.59M +128,817 New
AIMCA
129
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$7.15M +$6.04M +102,491 +413%
JF
130
Jump Financial
Illinois
$6.83M +$7.16M +121,410 New
Wells Fargo
131
Wells Fargo
California
$6.8M +$604K +10,251 +9%
AACP
132
Advantage Alpha Capital Partners
California
$6.66M -$3.22M -54,672 -32%
HIM
133
Hillsdale Investment Management
Ontario, Canada
$6.54M +$183K +3,100 +3%
BAM
134
Bullseye Asset Management
Colorado
$6.51M +$2.17M +36,748 +47%
KJHP
135
K.J. Harrison & Partners
Ontario, Canada
$6.19M -$1.24M -21,100 -16%
Citigroup
136
Citigroup
New York
$6.18M +$4.22M +71,641 +186%
MGWM
137
Marks Group Wealth Management
Minnesota
$5.89M +$287K +4,861 +5%
CIBC Asset Management
138
CIBC Asset Management
Ontario, Canada
$5.88M +$171K +2,900 +3%
ROC
139
Running Oak Capital
Minnesota
$5.75M +$314K +5,329 +6%
T
140
TOBAM
France
$5.72M +$390K +6,617 +7%
HKAM
141
Horizon Kinetics Asset Management
New York
$5.7M +$4.08M +69,265 +216%
DZ Bank
142
DZ Bank
Germany
$5.44M +$3.65M +61,869 +178%
Macquarie Group
143
Macquarie Group
Australia
$5.4M +$3.66M +62,107 +183%
CQS
144
Credential Qtrade Securities
$5.18M -$475K -8,054 -8%
Victory Capital Management
145
Victory Capital Management
Texas
$5.09M +$1.96M +33,236 +58%
CIBC World Market
146
CIBC World Market
Ontario, Canada
$5.03M +$3.05M +51,721 +138%
California State Teachers Retirement System (CalSTRS)
147
California State Teachers Retirement System (CalSTRS)
California
$4.97M +$5.2M +88,256 New
PCM
148
Peregrine Capital Management
Minnesota
$4.81M +$5.04M +85,448 New
IAIM
149
Industrial Alliance Investment Management
Quebec, Canada
$4.53M +$4.75M +80,510 New
RhumbLine Advisers
150
RhumbLine Advisers
Massachusetts
$4.46M +$4.67M +79,204 New
4 5
6
7 8

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.