Resources Connection
RGP
141 hedge funds and large institutions have $467M invested in Resources Connection in 2016 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 55 increasing their positions, 44 reducing their positions, and 15 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 44
20% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 15
2% more funds holding
Funds holding: 138 → 141 (+3)
1% less capital invested
Capital invested by funds: $473M → $467M (-$5.56M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
+$6.81M |
| 2 |
Morgan Stanley
New York
|
+$4.05M |
| 3 |
DIA
Dean Investment Associates
Beavercreek,
Ohio
|
+$3.38M |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$3.14M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$10.7M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$7.86M |
| 3 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
-$5.21M |
| 4 |
GIP
Granite Investment Partners
El Segundo,
California
|
-$5M |
| 5 |
GPGA
Grandeur Peak Global Advisors
Salt Lake City,
Utah
|
-$3.86M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Teacher Retirement System of Texas
Austin,
Texas
| – | -$77K | -5,197 | Closed |
|
|
TRCT
152
Tower Research Capital (TRC)
New York
| – | -$21K | -1,419 | Closed |
|
|
LTFS
153
Ladenburg Thalmann Financial Services
Miami,
Florida
| – | -$13K | -880 | Closed |
|
|
IPC
154
Independent Portfolio Consultants
Boca Raton,
Florida
| – | -$8K | -560 | Closed |
|
|
WA
155
WFG Advisors
Dallas,
Texas
| – | -$5K | -327 | Closed |
|
RGP Hedge Fund Activity: Q3 2016 in Review
141 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Resources Connection (RGP) for Q3 2016, worth a combined $467M — down 1.2% from $473M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new RGP positions and 15 closed out — a net gain of 3 holders — while 55 added to existing stakes and 44 trimmed.
The largest buyer was Royce & Associates, adding an estimated $6.81M. The largest seller was Fidelity Investments, cutting an estimated $10.7M.
- 141 institutional investors held Resources Connection (RGP) as of Q3 2016, up from 138 in Q2 2016.
- Funds reported $467M of Resources Connection stock for Q3 2016, down 1.2% quarter-over-quarter.
- 18 funds opened new Resources Connection positions in Q3 2016 and 15 closed out, a net change of +3 holders.
- The largest Resources Connection buyer in Q3 2016 was Royce & Associates, an estimated $6.81M added.
- The largest Resources Connection seller in Q3 2016 was Fidelity Investments, an estimated $10.7M sold.
Based on aggregated 13F filings for Q3 2016.