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Resources Connection
RGP

122 hedge funds and large institutions have $391M invested in Resources Connection in 2017 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 38 increasing their positions, 47 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more capital invested

Capital invested by funds: $342M → $391M (+$48.7M)

1.62% more ownership

Funds ownership: 82.38% → 84% (+1.6%)

4% less funds holding

Funds holding: 127 → 122 (-5)

19% less repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 47

25% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 20

55% less call options, than puts

Call options by funds: $155K | Put options by funds: $345K

Holders
122
Holders Change
-5
Holders Change %
-3.94%
% of All Funds
2.77%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
38
Reduced
47
Closed
20
Calls
$155K
Puts
$345K
Net Calls
-$190K
Net Calls Change
+$120K

Top Buyers

Rank Fund Capital Flow
1
BIP
Brandes Investment Partners
California
+$7.85M
2
State Street
State Street
Massachusetts
+$4.55M
3
GF
Greenhouse Funds
Maryland
+$3.51M
4
AAMU
Amundi Asset Management US
Massachusetts
+$3.18M
5
BlackRock
BlackRock
New York
+$3.07M

Top Sellers

Rank Fund Capital Flow
1
Credit Agricole
Credit Agricole
France
-$2.07M
2
RA
Royce & Associates
New York
-$1.86M
3
RRAM
River Road Asset Management
Kentucky
-$1.8M
4
Norges Bank
Norges Bank
Norway
-$1.57M
5
Citadel Advisors
Citadel Advisors
Florida
-$1.19M
Name Holding Trade Value Shares
Change 		Change in
Stake
Axa
26
Axa
France
$2.95M +$1.11M +71,678 +60%
California Public Employees Retirement System
27
California Public Employees Retirement System
California
$2.85M +$114K +7,392 +4%
Ameriprise
28
Ameriprise
Minnesota
$2.71M -$19.8K -1,285 -0.7%
Goldman Sachs
29
Goldman Sachs
New York
$1.8M +$302K +19,556 +20%
RhumbLine Advisers
30
RhumbLine Advisers
Massachusetts
$1.77M +$42.2K +2,735 +2%
SDIC
31
South Dakota Investment Council
South Dakota
$1.75M – – –
Hotchkis & Wiley Capital Management
32
Hotchkis & Wiley Capital Management
California
$1.65M +$1.44M +93,224 +688%
PPA
33
Parametric Portfolio Associates
Washington
$1.55M -$113K -7,298 -7%
Deutsche Bank
34
Deutsche Bank
Germany
$1.52M +$483K +31,264 +47%
Bank of America
35
Bank of America
North Carolina
$1.48M -$200K -12,918 -12%
TCIM
36
TIAA CREF Investment Management
New York
$1.4M -$74.8K -4,841 -5%
CS
37
Credit Suisse
Switzerland
$1.29M -$18.6K -1,206 -1%
Two Sigma Advisers
38
Two Sigma Advisers
New York
$1.28M -$21.6K -1,400 -2%
Fidelity Investments
39
Fidelity Investments
Massachusetts
$1.2M -$718K -46,459 -37%
AQR Capital Management
40
AQR Capital Management
Connecticut
$1.15M -$353K -22,870 -24%
Prudential Financial
41
Prudential Financial
New Jersey
$1.14M +$248K +16,072 +28%
SFM
42
Systematic Financial Management
New Jersey
$1.08M -$329K -21,310 -23%
PRCP
43
Pacific Ridge Capital Partners
Oregon
$1M +$33.5K +2,170 +3%
ADEF
44
Adams Diversified Equity Fund
Maryland
$995K -$289K -18,700 -23%
D.E. Shaw & Co
45
D.E. Shaw & Co
New York
$969K -$500K -32,362 -34%
AllianceBernstein
46
AllianceBernstein
Tennessee
$967K -$110K -7,100 -10%
TA
47
Teachers Advisors
New York
$895K – – –
Legal & General Group
48
Legal & General Group
United Kingdom
$803K +$6.59K +427 +0.8%
Renaissance Technologies
49
Renaissance Technologies
New York
$740K -$595K -38,500 -45%
Swiss National Bank
50
Swiss National Bank
Switzerland
$735K – – –
1
2
3 4 5

RGP Hedge Fund Activity: Q4 2017 in Review

122 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Resources Connection (RGP) for Q4 2017, worth a combined $391M — up 14% from $342M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of RGP and 15 opened new positions — a net loss of 5 holders — while 47 trimmed existing stakes and 38 added.

The largest buyer was Brandes Investment Partners, adding an estimated $7.85M. The largest seller was Credit Agricole, exiting entirely with an estimated $2.07M sold.

  • 122 institutional investors held Resources Connection (RGP) as of Q4 2017, down from 127 in Q3 2017.
  • Funds reported $391M of Resources Connection stock for Q4 2017, up 14% quarter-over-quarter.
  • 15 funds opened new Resources Connection positions in Q4 2017 and 20 closed out, a net change of -5 holders.
  • The largest Resources Connection buyer in Q4 2017 was Brandes Investment Partners, an estimated $7.85M added.
  • The largest Resources Connection seller in Q4 2017 was Credit Agricole, an estimated $2.07M sold.

Based on aggregated 13F filings for Q4 2017.