Resources Connection
RGP
139 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.
6% less capital invested
Capital invested by funds: $501M → $473M (-$27.9M)
7% less funds holding
Funds holding: 149 → 139 (-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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
+$22M |
| 2 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$5.48M |
| 3 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$1.54M |
| 4 |
GIP
Granite Investment Partners
El Segundo,
California
|
+$1.1M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
-$10.5M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$5.95M |
| 3 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
-$3.98M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$3.59M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$3.02M |
RGP Hedge Fund Activity: Q2 2016 in Review
139 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in Resources Connection (RGP) for Q2 2016, worth a combined $473M — down 5.6% from $501M 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.
- 139 institutional investors held Resources Connection (RGP) as of Q2 2016, down from 149 in Q1 2016.
- Funds reported $473M of Resources Connection stock for Q2 2016, down 5.6% 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.