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Resources Connection
RGP

124 hedge funds and large institutions have $498M invested in Resources Connection in 2016 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 36 increasing their positions, 58 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

144% more call options, than puts

Call options by funds: $305K | Put options by funds: $125K

71.79% more ownership

Funds ownership: 0% → 71.79% (+72%)

7% more capital invested

Capital invested by funds: $467M → $498M (+$31.3M)

12% less funds holding

Funds holding: 141 → 124 (-17)

38% less repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 58

54% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 28

Holders
124
Holders Change
-17
Holders Change %
-12.06%
% of All Funds
3.1%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
36
Reduced
58
Closed
28
Calls
$305K
Puts
$125K
Net Calls
+$180K
Net Calls Change
+$180K

Top Buyers

1
RRAM
River Road Asset Management
Kentucky
+$16.5M
2
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$2.34M
3
PCM
Palisade Capital Management
New Jersey
+$1.95M
4
Geode Capital Management
Geode Capital Management
Massachusetts
+$1.62M
5
Ameriprise
Ameriprise
Minnesota
+$1.28M

Top Sellers

1
Invesco
Invesco
Georgia
-$27.5M
2
Wells Fargo
Wells Fargo
California
-$25.3M
3
HA
Heartland Advisors
Wisconsin
-$9.57M
4
AQR Capital Management
AQR Capital Management
Connecticut
-$5.77M
5
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$5.17M
Name Holding Trade Value Shares
Change 		Change in
Stake
California Public Employees Retirement System
26
California Public Employees Retirement System
California
$3.1M +$48.1K +3,000 +2%
TCIM
27
TIAA CREF Investment Management
New York
$2.91M -$1.54M -96,029 -39%
DIA
28
Dean Investment Associates
Ohio
$2.59M -$1.47M -91,915 -41%
Thrivent Financial for Lutherans
29
Thrivent Financial for Lutherans
Minnesota
$2.55M -$44.5K -2,780 -2%
PPA
30
Parametric Portfolio Associates
Washington
$2.48M -$645K -40,252 -24%
JP Morgan Chase
31
JP Morgan Chase
New York
$2.3M -$3.64M -226,946 -66%
SFM
32
Systematic Financial Management
New Jersey
$2.02M +$410K +25,580 +32%
Citigroup
33
Citigroup
New York
$1.95M +$525K +32,807 +48%
Two Sigma Advisers
34
Two Sigma Advisers
New York
$1.92M -$13.9K -868 -0.9%
CS
35
Credit Suisse
Switzerland
$1.83M +$505K +31,515 +50%
Fisher Asset Management
36
Fisher Asset Management
Washington
$1.81M -$1.19M -74,392 -44%
RhumbLine Advisers
37
RhumbLine Advisers
Massachusetts
$1.78M -$73.4K -4,584 -5%
Goldman Sachs
38
Goldman Sachs
New York
$1.62M +$359K +22,443 +36%
Bank of America
39
Bank of America
North Carolina
$1.6M +$872K +54,460 +189%
AllianceBernstein
40
AllianceBernstein
Tennessee
$1.44M – – –
California State Teachers Retirement System (CalSTRS)
41
California State Teachers Retirement System (CalSTRS)
California
$1.41M -$28.8K -1,800 -2%
Prudential Financial
42
Prudential Financial
New Jersey
$1.39M -$868K -54,170 -43%
CIA
43
Capital Impact Advisors
Massachusetts
$1.26M – – –
TA
44
Teachers Advisors
New York
$1.24M +$20.9K +1,303 +2%
ADEF
45
Adams Diversified Equity Fund
Maryland
$1.23M +$1.02M +63,800 New
DCM
46
Dean Capital Management
Kansas
$1.22M -$549K -34,282 -35%
Citadel Advisors
47
Citadel Advisors
Florida
$1.18M -$62.4K -3,896 -6%
ACM
48
Ativo Capital Management
Illinois
$1.08M – – –
GC
49
Guggenheim Capital
Illinois
$1.08M +$898K +56,079 New
BG
50
BlackRock Group
United Kingdom
$1.03M -$266K -16,613 -24%
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RGP Hedge Fund Activity: Q4 2016 in Review

124 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Resources Connection (RGP) for Q4 2016, worth a combined $498M — up 6.7% from $467M a quarter earlier.

Sellers outnumbered buyers: 28 funds closed out of RGP and 13 opened new positions — a net loss of 15 holders — while 58 trimmed existing stakes and 36 added.

The largest buyer was River Road Asset Management, adding an estimated $16.5M. The largest seller was Invesco, cutting an estimated $27.5M.

  • 124 institutional investors held Resources Connection (RGP) as of Q4 2016, down from 141 in Q3 2016.
  • Funds reported $498M of Resources Connection stock for Q4 2016, up 6.7% quarter-over-quarter.
  • 13 funds opened new Resources Connection positions in Q4 2016 and 28 closed out, a net change of -15 holders.
  • The largest Resources Connection buyer in Q4 2016 was River Road Asset Management, an estimated $16.5M added.
  • The largest Resources Connection seller in Q4 2016 was Invesco, an estimated $27.5M sold.

Based on aggregated 13F filings for Q4 2016.