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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
+$16.5M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$2.34M |
| 3 |
PCM
Palisade Capital Management
Fort Lee,
New Jersey
|
+$1.95M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$1.62M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$27.5M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$25.3M |
| 3 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
-$9.57M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$5.77M |
| 5 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$5.17M |
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.