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.
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
Top Buyers
| 1 |
RA
Royce & Associates
New York
|
+$4.24M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.75M |
| 3 |
BIP
Brandes Investment Partners
La Jolla,
California
|
+$1.68M |
| 4 |
JP Morgan Chase
New York
|
+$1.06M |
| 5 |
Axa
Paris,
France
|
+$1.05M |
Top Sellers
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$8.89M |
| 2 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
-$2.03M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$1.94M |
| 4 |
Northern Trust
Chicago,
Illinois
|
-$1.75M |
| 5 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$1.55M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DADC
126
D.A. Davidson & Co
Great Falls,
Montana
| – | -$3K | -200 | Closed |
|
127
Loomis, Sayles & Company
Boston,
Massachusetts
| – | -$2K | -119 | Closed |
|
|
PFBT
128
Parkside Financial Bank & Trust
Saint Louis,
Missouri
| – | -$54 | -4 | -16% |
|
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.