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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
LSV Asset Management
76
LSV Asset Management
Illinois
$245K – – –
MLICM
77
Metropolitan Life Insurance Company (MetLife)
New York
$242K – – –
MA
78
Marshwinds Advisory
Georgia
$240K -$8.17K -601 -3%
AP
79
AHL Partners
United Kingdom
$217K +$17.1K +1,262 +9%
ASRS
80
Arizona State Retirement System
Arizona
$212K – – –
Public Sector Pension Investment Board (PSP Investments)
81
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$211K -$76.1K -5,600 -27%
TRSOTSOK
82
Teachers Retirement System of the State of Kentucky
Kentucky
$174K – – –
AG
83
Aperio Group
California
$171K +$170K +12,506 New
BNP Paribas Financial Markets
84
BNP Paribas Financial Markets
France
$169K +$51.1K +3,761 +44%
LSERS
85
Louisiana State Employees Retirement System
Louisiana
$166K – – –
RJA
86
Raymond James & Associates
Florida
$165K +$164K +12,037 New
MSA
87
Mason Street Advisors
Wisconsin
$100K +$4.93K +363 +5%
MERSOM
88
Municipal Employees' Retirement System of Michigan
Michigan
$96K +$3.8K +280 +4%
Ohio Public Employees Retirement System (OPERS)
89
Ohio Public Employees Retirement System (OPERS)
Ohio
$85K +$8.72K +642 +12%
SOADOR
90
State of Alaska Department of Revenue
Alaska
$79K +$34.5K +2,542 +78%
PI
91
PineBridge Investments
New York
$53K +$394 +29 +0.7%
Barclays
92
Barclays
United Kingdom
$52K +$26.5K +1,951 +105%
AIP
93
Ameritas Investment Partners
Nebraska
$33K – – –
VCM
94
Versant Capital Management
Arizona
$31K – – –
Zurich Cantonal Bank
95
Zurich Cantonal Bank
Switzerland
$30K – – –
UBS Group
96
UBS Group
Switzerland
$30K +$6.74K +496 +30%
WAM
97
Wealthspire Advisors (Maryland)
Maryland
$21K – – –
MAM
98
Meeder Asset Management
Ohio
$17K +$16.6K +1,220 New
SWA
99
Sutton Wealth Advisors
Florida
$15.5K +$7.34K +540 +92%
LIA
100
LS Investment Advisors
Michigan
$14K – – –
2 3
4
5 6

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.