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Resources Connection
RGP

115 hedge funds and large institutions have $346M invested in Resources Connection in 2017 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 45 increasing their positions, 36 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 36

0.75% less ownership

Funds ownership: 86% → 85.25% (-0.75%)

3% less funds holding

Funds holding: 118 → 115 (-3)

19% less capital invested

Capital invested by funds: $428M → $346M (-$81.8M)

21% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 14

Holders
115
Holders Change
-3
Holders Change %
-2.54%
% of All Funds
2.87%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
45
Reduced
36
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RA
Royce & Associates
New York
+$4.24M
2
AQR Capital Management
AQR Capital Management
Connecticut
+$1.75M
3
BIP
Brandes Investment Partners
California
+$1.68M
4
JP Morgan Chase
JP Morgan Chase
New York
+$1.06M
5
Axa
Axa
France
+$1.05M

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$8.89M
2
RRAM
River Road Asset Management
Kentucky
-$2.03M
3
Ameriprise
Ameriprise
Minnesota
-$1.94M
4
Northern Trust
Northern Trust
Illinois
-$1.75M
5
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
-$1.55M
Name Holding Trade Value Shares
Change 		Change in
Stake
PPA
26
Parametric Portfolio Associates
Washington
$1.93M +$493K +36,283 +35%
AQR Capital Management
27
AQR Capital Management
Connecticut
$1.76M +$1.75M +128,534 New
Citadel Advisors
28
Citadel Advisors
Florida
$1.63M +$280K +20,622 +21%
Bank of America
29
Bank of America
North Carolina
$1.57M +$78.5K +5,774 +5%
SFM
30
Systematic Financial Management
New Jersey
$1.36M +$33.4K +2,460 +3%
TCIM
31
TIAA CREF Investment Management
New York
$1.35M -$268K -19,760 -17%
RhumbLine Advisers
32
RhumbLine Advisers
Massachusetts
$1.34M -$87.3K -6,424 -6%
Two Sigma Advisers
33
Two Sigma Advisers
New York
$1.2M -$84.3K -6,204 -7%
SDIC
34
South Dakota Investment Council
South Dakota
$1.1M +$480K +35,300 +79%
Axa
35
Axa
France
$1.06M +$1.05M +77,500 New
AllianceBernstein
36
AllianceBernstein
Tennessee
$1.03M – – –
CS
37
Credit Suisse
Switzerland
$1M -$292K -21,518 -23%
D.E. Shaw & Co
38
D.E. Shaw & Co
New York
$938K +$174K +12,829 +23%
Goldman Sachs
39
Goldman Sachs
New York
$887K -$153K -11,243 -15%
Citigroup
40
Citigroup
New York
$884K -$8.21K -604 -0.9%
PRCP
41
Pacific Ridge Capital Partners
Oregon
$861K -$19.8K -1,460 -2%
Prudential Financial
42
Prudential Financial
New Jersey
$856K +$26.8K +1,970 +3%
Renaissance Technologies
43
Renaissance Technologies
New York
$849K -$283K -20,800 -25%
TA
44
Teachers Advisors
New York
$793K +$5.26K +387 +0.7%
Legal & General Group
45
Legal & General Group
United Kingdom
$783K +$60.5K +4,451 +8%
ADEF
46
Adams Diversified Equity Fund
Maryland
$760K -$137K -10,100 -15%
NIPH
47
NN Investment Partners Holdings
Netherlands
$714K +$53.7K +3,955 +8%
Deutsche Bank
48
Deutsche Bank
Germany
$706K +$269K +19,786 +62%
California State Teachers Retirement System (CalSTRS)
49
California State Teachers Retirement System (CalSTRS)
California
$695K -$81.5K -6,000 -11%
SO
50
STRS Ohio
Ohio
$691K +$106K +7,800 +18%
1
2
3 4 5

RGP Hedge Fund Activity: Q2 2017 in Review

115 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Resources Connection (RGP) for Q2 2017, worth a combined $346M — down 19% from $428M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of RGP and 11 opened new positions — a net loss of 3 holders — while 36 trimmed existing stakes and 45 added.

The largest buyer was Royce & Associates, adding an estimated $4.24M. The largest seller was Fidelity Investments, cutting an estimated $8.89M.

  • 115 institutional investors held Resources Connection (RGP) as of Q2 2017, down from 118 in Q1 2017.
  • Funds reported $346M of Resources Connection stock for Q2 2017, down 19% quarter-over-quarter.
  • 11 funds opened new Resources Connection positions in Q2 2017 and 14 closed out, a net change of -3 holders.
  • The largest Resources Connection buyer in Q2 2017 was Royce & Associates, an estimated $4.24M added.
  • The largest Resources Connection seller in Q2 2017 was Fidelity Investments, an estimated $8.89M sold.

Based on aggregated 13F filings for Q2 2017.