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Resources Connection
RGP

186 hedge funds and large institutions have $487M invested in Resources Connection in 2023 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 60 increasing their positions, 63 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

97% more call options, than puts

Call options by funds: $177K | Put options by funds: $90K

38% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 24

4% more funds holding

Funds holding: 178 → 186 (+8)

1% more capital invested

Capital invested by funds: $482M → $487M (+$5.3M)

0% more ownership

Funds ownership: 85.01% → 85.01% (+0%)

5% less repeat investments, than reductions

Existing positions increased: 60 | Existing positions reduced: 63

Holders
186
Holders Change
+8
Holders Change %
+4.49%
% of All Funds
2.96%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
33
Increased
60
Reduced
63
Closed
24
Calls
$177K
Puts
$90K
Net Calls
+$87K
Net Calls Change
-$40K

Top Buyers

1
First Trust Advisors
First Trust Advisors
Illinois
+$10.4M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$3.08M
3
RA
Royce & Associates
New York
+$2.82M
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$1.84M
5
BCM
Bridgeway Capital Management
Texas
+$1.83M

Top Sellers

1
SI
Sapience Investments
California
-$7.01M
2
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$5.59M
3
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$5.43M
4
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
-$3.57M
5
Morgan Stanley
Morgan Stanley
New York
-$3.28M
Name Holding Trade Value Shares
Change 		Change in
Stake
Principal Financial Group
26
Principal Financial Group
Iowa
$3.42M -$79.8K -4,547 -2%
EIM
27
Essex Investment Management
Massachusetts
$3.38M +$477K +27,181 +16%
Franklin Resources
28
Franklin Resources
California
$3.21M +$404 +23 +0%
APC
29
Alpine Peaks Capital
New York
$3.2M – – –
Assenagon Asset Management
30
Assenagon Asset Management
Luxembourg
$2.87M +$1.73M +98,559 +141%
Fisher Asset Management
31
Fisher Asset Management
Washington
$2.77M -$243K -13,842 -8%
Norges Bank
32
Norges Bank
Norway
$2.68M -$948K -53,984 -26%
Allspring Global Investments
33
Allspring Global Investments
North Carolina
$2.51M +$508K +28,949 +24%
Jacobs Levy Equity Management
34
Jacobs Levy Equity Management
New Jersey
$2.5M +$183K +10,410 +8%
JP Morgan Chase
35
JP Morgan Chase
New York
$2.48M +$641K +36,504 +33%
Acadian Asset Management
36
Acadian Asset Management
Massachusetts
$2.2M -$5.43M -309,099 -71%
Bank of America
37
Bank of America
North Carolina
$2.16M +$786K +44,787 +55%
Citadel Advisors
38
Citadel Advisors
Florida
$1.9M +$860K +49,010 +78%
RhumbLine Advisers
39
RhumbLine Advisers
Massachusetts
$1.8M +$119K +6,796 +7%
SEI Investments
40
SEI Investments
Pennsylvania
$1.79M -$529K -30,153 -22%
BCM
41
Bridgeway Capital Management
Texas
$1.78M +$1.83M +104,065 New
ETM
42
Euclidean Technologies Management
Washington
$1.72M – – –
NSIM
43
North Star Investment Management
Illinois
$1.66M – – –
GC
44
Globeflex Capital
California
$1.55M – – –
State of New Jersey Common Pension Fund D
45
State of New Jersey Common Pension Fund D
New Jersey
$1.54M -$450K -25,666 -22%
BGIM
46
Brandywine Global Investment Management
Pennsylvania
$1.52M +$1.57M +89,349 New
TD Asset Management
47
TD Asset Management
Ontario, Canada
$1.48M +$737K +42,000 +94%
PRCP
48
Pacific Ridge Capital Partners
Oregon
$1.45M -$4.74K -270 -0.3%
Legal & General Group
49
Legal & General Group
United Kingdom
$1.43M +$88.8K +5,058 +6%
Aviva
50
Aviva
United Kingdom
$1.38M +$490K +27,931 +53%
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RGP Hedge Fund Activity: Q1 2023 in Review

186 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Resources Connection (RGP) for Q1 2023, worth a combined $487M — up 1.1% from $482M a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new RGP positions and 24 closed out — a net gain of 9 holders — while 60 added to existing stakes and 63 trimmed.

The largest buyer was First Trust Advisors, opening a new position worth an estimated $10.4M. The largest seller was Sapience Investments, exiting entirely with an estimated $7.01M sold.

  • 186 institutional investors held Resources Connection (RGP) as of Q1 2023, up from 178 in Q4 2022.
  • Funds reported $487M of Resources Connection stock for Q1 2023, up 1.1% quarter-over-quarter.
  • 33 funds opened new Resources Connection positions in Q1 2023 and 24 closed out, a net change of +9 holders.
  • The largest Resources Connection buyer in Q1 2023 was First Trust Advisors, an estimated $10.4M added.
  • The largest Resources Connection seller in Q1 2023 was Sapience Investments, an estimated $7.01M sold.

Based on aggregated 13F filings for Q1 2023.