Resources Connection
RGP
131 hedge funds and large institutions have $478M invested in Resources Connection in 2014 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 42 increasing their positions, 55 reducing their positions, and 5 closing their positions.
692% more call options, than puts
Call options by funds: $665K | Put options by funds: $84K
300% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 5
13% more funds holding
Funds holding: 116 → 131 (+15)
3% more capital invested
Capital invested by funds: $466M → $478M (+$12.3M)
24% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 55
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
+$7.51M |
| 2 |
Morgan Stanley
New York
|
+$1.45M |
| 3 |
Renaissance Technologies
New York
|
+$1.36M |
| 4 |
GIP
Granite Investment Partners
El Segundo,
California
|
+$955K |
| 5 |
RFC
Regions Financial Corp
Birmingham,
Alabama
|
+$602K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$12.8M |
| 2 |
Norges Bank
Oslo,
Norway
|
-$9.25M |
| 3 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$2.23M |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$1.12M |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$955K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $2K | – | – | – |
|
|
GAM
127
Gemmer Asset Management
Walnut Creek,
California
| $1K | – | – | – |
|
|
GC
128
Globeflex Capital
San Diego,
California
| $1K | +$957 | +65 | New |
|
129
Envestnet Asset Management
Chicago,
Illinois
| $1K | +$1.06K | +72 | New |
|
130
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $356 | -$2.59K | -176 | -0.7% |
|
|
CIA
131
Capital Impact Advisors
Boston,
Massachusetts
| $176 | – | – | – |
|
|
BMCMI
132
Bryn Mawr Capital Management Inc
Bryn Mawr,
Pennsylvania
| – | -$831K | -63,417 | Closed |
|
|
GIA
133
Gateway Investment Advisers
Cincinnati,
Ohio
| – | -$336K | -25,641 | Closed |
|
|
DC
134
Deere & Company
Moline,
Illinois
| – | -$244K | -18,624 | Closed |
|
|
VFA
135
Virtus Fund Advisers
Hartford,
Connecticut
| – | -$43K | -3,308 | Closed |
|
136
Creative Planning
Overland Park,
Kansas
| – | -$1K | -111 | Closed |
|
RGP Hedge Fund Activity: Q3 2014 in Review
131 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Resources Connection (RGP) for Q3 2014, worth a combined $478M — up 2.6% from $466M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new RGP positions and 5 closed out — a net gain of 15 holders — while 42 added to existing stakes and 55 trimmed.
The largest buyer was Hood River Capital Management, adding an estimated $7.51M. The largest seller was Wells Fargo, cutting an estimated $12.8M.
- 131 institutional investors held Resources Connection (RGP) as of Q3 2014, up from 116 in Q2 2014.
- Funds reported $478M of Resources Connection stock for Q3 2014, up 2.6% quarter-over-quarter.
- 20 funds opened new Resources Connection positions in Q3 2014 and 5 closed out, a net change of +15 holders.
- The largest Resources Connection buyer in Q3 2014 was Hood River Capital Management, an estimated $7.51M added.
- The largest Resources Connection seller in Q3 2014 was Wells Fargo, an estimated $12.8M sold.
Based on aggregated 13F filings for Q3 2014.