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Resources Connection
RGP

138 hedge funds and large institutions have $473M invested in Resources Connection in 2016 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 42 increasing their positions, 55 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

4% less capital invested

Capital invested by funds: $495M → $473M (-$21.9M)

7% less funds holding

Funds holding: 148 → 138 (-10)

24% less repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 55

50% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 18

Holders
138
Holders Change
-10
Holders Change %
-6.76%
% of All Funds
3.68%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
42
Reduced
55
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RA
Royce & Associates
New York
+$22M
2
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
+$5.48M
3
Barrow, Hanley, Mewhinney & Strauss
Barrow, Hanley, Mewhinney & Strauss
Texas
+$1.54M
4
GIP
Granite Investment Partners
California
+$1.1M
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$1.08M

Top Sellers

1
HA
Heartland Advisors
Wisconsin
-$10.5M
2
Invesco
Invesco
Georgia
-$5.95M
3
HRCM
Hood River Capital Management
Florida
-$3.98M
4
Fidelity Investments
Fidelity Investments
Massachusetts
-$3.59M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$3.02M
Name Holding Trade Value Shares
Change 		Change in
Stake
WAM
126
Wealthspire Advisors (Maryland)
Maryland
$19K +$3.35K +226 +21%
Nisa Investment Advisors
127
Nisa Investment Advisors
Missouri
$18K – – –
LTFS
128
Ladenburg Thalmann Financial Services
Florida
$13K – – –
SWA
129
Sutton Wealth Advisors
Florida
$8.71K – – –
IPC
130
Independent Portfolio Consultants
Florida
$8K – – –
SCA
131
Stuart Chaussee & Associates
California
$7K – – –
WA
132
WFG Advisors
Texas
$5K +$30 +2 +0.6%
PNC Financial Services Group
133
PNC Financial Services Group
Pennsylvania
$4K -$163 -11 -4%
PIA
134
Piedmont Investment Advisors
North Carolina
$2.29K – – –
GAM
135
Gemmer Asset Management
California
$1K – – –
MFS
136
MSI Financial Services
Massachusetts
$1K – – –
TWA
137
TCI Wealth Advisors
Arizona
$1K – – –
HRCM
138
Hood River Capital Management
Florida
– -$3.98M -255,863 Closed
CIP
139
Convergence Investment Partners
Florida
– -$1.49M -95,820 Closed
TBAM
140
True Bearing Asset Management
California
– -$837K -53,788 Closed
CCA
141
Catalyst Capital Advisors
New York
– -$563K -36,200 Closed
SC
142
Scotia Capital
Ontario, Canada
– -$368K -23,646 Closed
TI
143
Trexquant Investment
Connecticut
– -$360K -23,122 Closed
CG
144
Clinton Group
New York
– -$273K -17,533 Closed
Cambridge Investment Research Advisors
145
Cambridge Investment Research Advisors
Iowa
– -$261K -16,751 Closed
PG
146
PEAK6 Group
Illinois
– -$245K -15,722 Closed
ARTA
147
A.R.T. Advisors
New York
– -$200K -12,872 Closed
SCA
148
Secor Capital Advisors
New York
– -$192K -12,348 Closed
Acadian Asset Management
149
Acadian Asset Management
Massachusetts
– -$79K -5,095 Closed
AIM
150
Acrospire Investment Management
Illinois
– -$39K -2,534 Closed
3 4 5
6
7

RGP Hedge Fund Activity: Q2 2016 in Review

138 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Resources Connection (RGP) for Q2 2016, worth a combined $473M — down 4.4% from $495M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of RGP and 9 opened new positions — a net loss of 9 holders — while 55 trimmed existing stakes and 42 added.

The largest buyer was Royce & Associates, adding an estimated $22M. The largest seller was Heartland Advisors, cutting an estimated $10.5M.

  • 138 institutional investors held Resources Connection (RGP) as of Q2 2016, down from 148 in Q1 2016.
  • Funds reported $473M of Resources Connection stock for Q2 2016, down 4.4% quarter-over-quarter.
  • 9 funds opened new Resources Connection positions in Q2 2016 and 18 closed out, a net change of -9 holders.
  • The largest Resources Connection buyer in Q2 2016 was Royce & Associates, an estimated $22M added.
  • The largest Resources Connection seller in Q2 2016 was Heartland Advisors, an estimated $10.5M sold.

Based on aggregated 13F filings for Q2 2016.