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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
Wells Fargo
76
Wells Fargo
California
$476K -$25.3M -1,576,679 -98%
State of Tennessee, Department of Treasury
77
State of Tennessee, Department of Treasury
Tennessee
$453K -$113K -7,070 -23%
TPSF
78
Texas Permanent School Fund
Texas
$415K -$97.4K -6,079 -22%
Public Sector Pension Investment Board (PSP Investments)
79
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$404K -$76.9K -4,800 -19%
BA
80
BlackRock Advisors
Delaware
$399K +$27.6K +1,720 +9%
O
81
OppenheimerFunds
New York
$394K +$5.25K +328 +2%
HCMT
82
Highland Capital Management (Texas)
Texas
$385K – – –
VOYA Investment Management
83
VOYA Investment Management
Georgia
$379K -$273K -17,021 -46%
MA
84
Marshwinds Advisory
Georgia
$367K -$6.41K -400 -2%
New York State Teachers Retirement System (NYSTRS)
85
New York State Teachers Retirement System (NYSTRS)
New York
$313K -$78.5K -4,900 -23%
ASRS
86
Arizona State Retirement System
Arizona
$293K -$57.7K -3,600 -19%
TRSOTSOK
87
Teachers Retirement System of the State of Kentucky
Kentucky
$244K – – –
LSERS
88
Louisiana State Employees Retirement System
Louisiana
$229K -$65.7K -4,100 -26%
RJA
89
Raymond James & Associates
Florida
$216K -$7.66K -478 -4%
WC
90
Wexford Capital
Florida
$199K +$166K +10,352 New
MAM
91
Martingale Asset Management
Massachusetts
$193K -$1.35M -84,312 -89%
BlackRock
92
BlackRock
New York
$184K -$208 -13 -0.1%
UBS Group
93
UBS Group
Switzerland
$167K +$103K +6,461 +295%
BNP Paribas Financial Markets
94
BNP Paribas Financial Markets
France
$162K +$46K +2,871 +52%
MERSOM
95
Municipal Employees' Retirement System of Michigan
Michigan
$155K -$596K -37,180 -82%
MSA
96
Mason Street Advisors
Wisconsin
$124K -$16.2K -1,011 -14%
Ohio Public Employees Retirement System (OPERS)
97
Ohio Public Employees Retirement System (OPERS)
Ohio
$95K +$4K +250 +5%
PI
98
PineBridge Investments
New York
$73K -$12.8K -796 -17%
SOADOR
99
State of Alaska Department of Revenue
Alaska
$61K +$51.1K +3,190 New
VCM
100
Versant Capital Management
Arizona
$46K -$160 -10 -0.4%
2 3
4
5 6

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.