Resources Connection
RGP
147 hedge funds and large institutions have $445M invested in Resources Connection in 2019 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 58 increasing their positions, 41 reducing their positions, and 8 closing their positions.
175% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 8
41% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 41
10% more funds holding
Funds holding: 134 → 147 (+13)
7% more capital invested
Capital invested by funds: $417M → $445M (+$28.8M)
0.76% more ownership
Funds ownership: 81.25% → 82.02% (+0.76%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
+$7M |
| 2 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$2.39M |
| 3 |
Goldman Sachs
New York
|
+$2.16M |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$2.1M |
| 5 |
PCM
Palisade Capital Management
Fort Lee,
New Jersey
|
+$1.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GPGA
Grandeur Peak Global Advisors
Salt Lake City,
Utah
|
-$11.8M |
| 2 |
State Street
Boston,
Massachusetts
|
-$3.73M |
| 3 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$2.67M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$2.36M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
-$790K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
D.E. Shaw & Co
New York
| – | -$421K | -26,308 | Closed |
|
|
IUHSA
152
Itau Unibanco Holding S.A.
Sao Paulo,
Brazil
| – | -$295K | -18,428 | Closed |
|
|
TRCT
153
Tower Research Capital (TRC)
New York
| – | -$5K | -327 | Closed |
|
|
PCP
154
Proficio Capital Partners
Newton,
Massachusetts
| – | -$2K | -135 | Closed |
|
|
PFGIA
155
Patriot Financial Group Insurance Agency
Westborough,
Massachusetts
| – | +$50 | +3 | New |
|
RGP Hedge Fund Activity: Q3 2019 in Review
147 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Resources Connection (RGP) for Q3 2019, worth a combined $445M — up 6.9% from $417M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new RGP positions and 8 closed out — a net gain of 14 holders — while 58 added to existing stakes and 41 trimmed.
The largest buyer was Royce & Associates, adding an estimated $7M. The largest seller was Grandeur Peak Global Advisors, exiting entirely with an estimated $11.8M sold.
- 147 institutional investors held Resources Connection (RGP) as of Q3 2019, up from 134 in Q2 2019.
- Funds reported $445M of Resources Connection stock for Q3 2019, up 6.9% quarter-over-quarter.
- 22 funds opened new Resources Connection positions in Q3 2019 and 8 closed out, a net change of +14 holders.
- The largest Resources Connection buyer in Q3 2019 was Royce & Associates, an estimated $7M added.
- The largest Resources Connection seller in Q3 2019 was Grandeur Peak Global Advisors, an estimated $11.8M sold.
Based on aggregated 13F filings for Q3 2019.