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Resources Connection
RGP

108 hedge funds and large institutions have $510M invested in Resources Connection in 2013 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 36 increasing their positions, 50 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

271% more call options, than puts

Call options by funds: $52K | Put options by funds: $14K

4% more capital invested

Capital invested by funds: $490M → $510M (+$19.7M)

2% less funds holding

Funds holding: 110 → 108 (-2)

17% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 12

28% less repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 50

Holders
108
Holders Change
-2
Holders Change %
-1.82%
% of All Funds
3.13%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
36
Reduced
50
Closed
12
Calls
$52K
Puts
$14K
Net Calls
+$38K
Net Calls Change
-$264K

Top Buyers

1
Wells Fargo
Wells Fargo
California
+$10.6M
2
HA
Heartland Advisors
Wisconsin
+$3.61M
3
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
+$2.09M
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$1.58M
5
Comerica Bank
Comerica Bank
Texas
+$1.51M

Top Sellers

1
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
-$12.1M
2
BIT
BlackRock Institutional Trust
California
-$3.76M
3
RFC
Russell Frank Company
Washington
-$2.9M
4
WA
Wasatch Advisors
Utah
-$2.39M
5
AQR Capital Management
AQR Capital Management
Connecticut
-$2.19M
Name Holding Trade Value Shares
Change 		Change in
Stake
Geode Capital Management
26
Geode Capital Management
Massachusetts
$3.63M +$442K +33,604 +15%
Principal Financial Group
27
Principal Financial Group
Iowa
$3.48M +$197K +14,946 +7%
California Public Employees Retirement System
28
California Public Employees Retirement System
California
$3.21M -$107K -8,120 -4%
Prudential Financial
29
Prudential Financial
New Jersey
$2.89M -$373K -28,300 -12%
TCIM
30
TIAA CREF Investment Management
New York
$2.86M +$30.4K +2,311 +1%
GAM
31
Gotham Asset Management
New York
$2.57M -$165K -12,538 -7%
Charles Schwab
32
Charles Schwab
California
$2.37M +$102K +7,723 +5%
BIM
33
BlackRock Investment Management
Delaware
$2.27M -$54.9K -4,169 -3%
Comerica Bank
34
Comerica Bank
Texas
$2.27M +$1.51M +115,020 +267%
IP
35
Interval Partners
New York
$2.11M +$1.94M +147,339 New
D.E. Shaw & Co
36
D.E. Shaw & Co
New York
$2.02M -$218K -16,569 -11%
TBAM
37
True Bearing Asset Management
California
$2.01M – – –
Morgan Stanley
38
Morgan Stanley
New York
$1.89M +$490K +37,251 +39%
Fidelity Investments
39
Fidelity Investments
Massachusetts
$1.72M +$1.58M +119,945 New
PPA
40
Parametric Portfolio Associates
Washington
$1.54M -$459K -34,843 -24%
AllianceBernstein
41
AllianceBernstein
Tennessee
$1.52M -$7.74K -588 -0.6%
Goldman Sachs
42
Goldman Sachs
New York
$1.46M -$1.89M -143,654 -59%
First Trust Advisors
43
First Trust Advisors
Illinois
$1.42M -$456K -34,631 -26%
New York State Common Retirement Fund
44
New York State Common Retirement Fund
New York
$1.4M – – –
Public Sector Pension Investment Board (PSP Investments)
45
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.39M +$10.5K +800 +0.8%
Ohio Public Employees Retirement System (OPERS)
46
Ohio Public Employees Retirement System (OPERS)
Ohio
$1.38M +$85.7K +6,511 +7%
AQR Capital Management
47
AQR Capital Management
Connecticut
$1.35M -$2.19M -166,297 -64%
Deutsche Bank
48
Deutsche Bank
Germany
$1.23M -$825K -62,638 -42%
FMT
49
First Mercantile Trust
Tennessee
$1.2M -$32.9K -2,500 -3%
Two Sigma Advisers
50
Two Sigma Advisers
New York
$1.2M -$191K -14,500 -15%
1
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3 4 5

RGP Hedge Fund Activity: Q4 2013 in Review

108 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Resources Connection (RGP) for Q4 2013, worth a combined $510M — up 4% from $490M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of RGP and 10 opened new positions — a net loss of 2 holders — while 50 trimmed existing stakes and 36 added.

The largest buyer was Wells Fargo, adding an estimated $10.6M. The largest seller was DePrince Race & Zollo Inc (DRZ), cutting an estimated $12.1M.

  • 108 institutional investors held Resources Connection (RGP) as of Q4 2013, down from 110 in Q3 2013.
  • Funds reported $510M of Resources Connection stock for Q4 2013, up 4% quarter-over-quarter.
  • 10 funds opened new Resources Connection positions in Q4 2013 and 12 closed out, a net change of -2 holders.
  • The largest Resources Connection buyer in Q4 2013 was Wells Fargo, an estimated $10.6M added.
  • The largest Resources Connection seller in Q4 2013 was DePrince Race & Zollo Inc (DRZ), an estimated $12.1M sold.

Based on aggregated 13F filings for Q4 2013.