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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
115
Holders Change
-3
Holders Change %
-2.54%
% of All Funds
2.87%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
45
Reduced
36
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RA
Royce & Associates
New York
+$4.24M
2
AQR Capital Management
AQR Capital Management
Connecticut
+$1.75M
3
BIP
Brandes Investment Partners
California
+$1.68M
4
JP Morgan Chase
JP Morgan Chase
New York
+$1.06M
5
Axa
Axa
France
+$1.05M

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$8.89M
2
RRAM
River Road Asset Management
Kentucky
-$2.03M
3
Ameriprise
Ameriprise
Minnesota
-$1.94M
4
Northern Trust
Northern Trust
Illinois
-$1.75M
5
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
-$1.55M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$51.4M +$372K +27,399 +0.7%
Vanguard Group
2
Vanguard Group
Pennsylvania
$39.7M +$944K +69,492 +2%
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$34.1M -$109K -8,029 -0.3%
RA
4
Royce & Associates
New York
$32.5M +$4.24M +311,900 +15%
Invesco
5
Invesco
Georgia
$18.5M -$63.2K -4,648 -0.3%
RRAM
6
River Road Asset Management
Kentucky
$16.3M -$2.03M -149,359 -11%
PCM
7
Palisade Capital Management
New Jersey
$12.6M +$302K +22,225 +2%
State Street
8
State Street
Massachusetts
$11.9M +$453K +33,348 +4%
Fidelity Investments
9
Fidelity Investments
Massachusetts
$10.5M -$8.89M -654,015 -46%
Norges Bank
10
Norges Bank
Norway
$10M – – –
Bank of New York Mellon
11
Bank of New York Mellon
New York
$7.47M -$239K -17,587 -3%
SI
12
Sapience Investments
California
$7.19M +$1.02M +74,930 +17%
Geode Capital Management
13
Geode Capital Management
Massachusetts
$7.02M +$215K +15,821 +3%
Northern Trust
14
Northern Trust
Illinois
$6.06M -$1.75M -128,494 -23%
BIP
15
Brandes Investment Partners
California
$4.99M +$1.68M +123,466 +51%
Morgan Stanley
16
Morgan Stanley
New York
$4.96M -$375K -27,615 -7%
Barrow, Hanley, Mewhinney & Strauss
17
Barrow, Hanley, Mewhinney & Strauss
Texas
$4.81M – – –
DRZID
18
DePrince Race & Zollo Inc (DRZ)
Florida
$4.72M -$88.3K -6,500 -2%
Charles Schwab
19
Charles Schwab
California
$4.34M +$368K +27,113 +9%
PAM
20
Panagora Asset Management
Massachusetts
$4.07M +$21K +1,542 +0.5%
Principal Financial Group
21
Principal Financial Group
Iowa
$3.21M -$6K -442 -0.2%
JP Morgan Chase
22
JP Morgan Chase
New York
$3.19M +$1.06M +77,780 +50%
Fisher Asset Management
23
Fisher Asset Management
Washington
$2.59M +$745K +54,863 +41%
Ameriprise
24
Ameriprise
Minnesota
$2.55M -$1.94M -142,903 -43%
California Public Employees Retirement System
25
California Public Employees Retirement System
California
$2.26M +$20.4K +1,500 +0.9%
1
2 3 4 5

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.