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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
Swiss National Bank
51
Swiss National Bank
Switzerland
$652K – – –
Canada Life
52
Canada Life
Manitoba, Canada
$582K – – –
KBC Group
53
KBC Group
Belgium
$550K +$21.2K +1,560 +4%
GC
54
Guggenheim Capital
Illinois
$502K -$146K -10,710 -23%
State Board of Administration of Florida Retirement System
55
State Board of Administration of Florida Retirement System
Florida
$464K -$42.9K -3,161 -9%
ACP
56
Aviance Capital Partners
Florida
$463K +$459K +33,819 New
O
57
OppenheimerFunds
New York
$452K +$88.1K +6,485 +24%
New York State Common Retirement Fund
58
New York State Common Retirement Fund
New York
$426K -$81.5K -6,001 -16%
Comerica Bank
59
Comerica Bank
Texas
$415K -$23.8K -1,755 -5%
Millennium Management
60
Millennium Management
New York
$383K -$211K -15,515 -36%
State of Tennessee, Department of Treasury
61
State of Tennessee, Department of Treasury
Tennessee
$380K – – –
NFA
62
Nationwide Fund Advisors
Ohio
$354K -$41.5K -3,053 -11%
Wells Fargo
63
Wells Fargo
California
$343K +$5.16K +380 +2%
Royal Bank of Canada
64
Royal Bank of Canada
Ontario, Canada
$330K -$38.7K -2,851 -11%
Manulife (Manufacturers Life Insurance)
65
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$327K -$45.5K -3,351 -12%
GPGA
66
Grandeur Peak Global Advisors
Utah
$327K +$325K +23,900 New
First Trust Advisors
67
First Trust Advisors
Illinois
$324K -$13.5K -993 -4%
TPSF
68
Texas Permanent School Fund
Texas
$297K +$1.77K +130 +0.6%
AIG
69
American International Group
New York
$296K +$56.7K +4,174 +24%
VOYA Investment Management
70
VOYA Investment Management
Georgia
$283K +$26K +1,917 +10%
HCMT
71
Highland Capital Management (Texas)
Texas
$274K – – –
ARTA
72
A.R.T. Advisors
New York
$266K +$264K +19,429 New
New York State Teachers Retirement System (NYSTRS)
73
New York State Teachers Retirement System (NYSTRS)
New York
$260K +$39.4K +2,900 +18%
QI
74
QS Investors
New York
$247K +$244K +17,985 +54,500%
Thrivent Financial for Lutherans
75
Thrivent Financial for Lutherans
Minnesota
$246K -$1.55M -114,350 -86%
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.