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Richardson Electronics
RELL

45 hedge funds and large institutions have $91.6M invested in Richardson Electronics in 2014 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 16 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

9% less capital invested

Capital invested by funds: $101M → $91.6M (-$9.35M)

15% less funds holding

Funds holding: 53 → 45 (-8)

25% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 16

73% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 11

Holders
45
Holders Change
-8
Holders Change %
-15.09%
% of All Funds
1.31%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
12
Reduced
16
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PAM
Panagora Asset Management
Massachusetts
+$1.12M
2
RA
Royce & Associates
New York
+$591K
3
SCP
Seizert Capital Partners
Michigan
+$583K
4
PCMI
Paradigm Capital Management Inc
New York
+$553K
5
MOACM
Mutual of America Capital Management
New York
+$463K

Top Sellers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$3.37M
2
FP
Foundry Partners
Minnesota
-$1.16M
3
Northern Trust
Northern Trust
Illinois
-$920K
4
Deutsche Bank
Deutsche Bank
Germany
-$692K
5
RC
RGM Capital
Florida
-$675K
Name Holding Trade Value Shares
Change 		Change in
Stake
Millennium Management
26
Millennium Management
New York
$261K -$183K -18,016 -41%
Charles Schwab
27
Charles Schwab
California
$236K – – –
TM
28
TigerShark Management
New York
$175K – – –
PM
29
Platinum Management
New York
$125K +$2.03K +200 +2%
Citigroup
30
Citigroup
New York
$52K +$12.1K +1,192 +30%
Morgan Stanley
31
Morgan Stanley
New York
$46K -$87.5K -8,621 -65%
U
32
UBS
Switzerland
$29K +$4.43K +436 +17%
NFA
33
Nationwide Fund Advisors
Ohio
$27K – – –
BIM
34
BlackRock Investment Management
Delaware
$20K -$264 -26 -1%
Wells Fargo
35
Wells Fargo
California
$12K -$6.09K -600 -33%
Invesco
36
Invesco
Georgia
$12K – – –
TSW
37
Thompson Siegel & Walmsley
Virginia
$9K – – –
TRCT
38
Tower Research Capital (TRC)
New York
$3K -$6.56K -646 -69%
Bank of Montreal
39
Bank of Montreal
Ontario, Canada
$3K – – –
Barclays
40
Barclays
United Kingdom
$2K -$14.5K -1,428 -85%
Ameriprise
41
Ameriprise
Minnesota
$2K – – –
RIA
42
Regal Investment Advisors
Michigan
$2K – – –
GSC
43
Ground Swell Capital
South Carolina
$2K +$2.03K +200 New
Manulife (Manufacturers Life Insurance)
44
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$7 – – –
T. Rowe Price Associates
45
T. Rowe Price Associates
Maryland
– -$3.37M -321,550 Closed
FP
46
Foundry Partners
Minnesota
– -$1.16M -110,792 Closed
Deutsche Bank
47
Deutsche Bank
Germany
– -$692K -66,176 Closed
PP
48
Paloma Partners
Connecticut
– -$511K -48,827 Closed
COPPSERS
49
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
– -$339K -32,384 Closed
LP
50
LMR Partners
United Kingdom
– -$291K -27,771 Closed
1
2
3

RELL Hedge Fund Activity: Q3 2014 in Review

45 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Richardson Electronics (RELL) for Q3 2014, worth a combined $91.6M — down 9.3% from $101M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of RELL and 3 opened new positions — a net loss of 8 holders — while 16 trimmed existing stakes and 12 added.

The largest buyer was Panagora Asset Management, opening a new position worth an estimated $1.12M. The largest seller was T. Rowe Price Associates, exiting entirely with an estimated $3.37M sold.

  • 45 institutional investors held Richardson Electronics (RELL) as of Q3 2014, down from 53 in Q2 2014.
  • Funds reported $91.6M of Richardson Electronics stock for Q3 2014, down 9.3% quarter-over-quarter.
  • 3 funds opened new Richardson Electronics positions in Q3 2014 and 11 closed out, a net change of -8 holders.
  • The largest Richardson Electronics buyer in Q3 2014 was Panagora Asset Management, an estimated $1.12M added.
  • The largest Richardson Electronics seller in Q3 2014 was T. Rowe Price Associates, an estimated $3.37M sold.

Based on aggregated 13F filings for Q3 2014.