Resources Connection
RGP
184 hedge funds and large institutions have $518M invested in Resources Connection in 2022 Q3 according to their latest regulatory filings, with 36 funds opening new positions, 62 increasing their positions, 56 reducing their positions, and 10 closing their positions.
260% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 10
16% more funds holding
Funds holding: 159 → 184 (+25)
11% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 56
0.84% more ownership
Funds ownership: 84.17% → 85.01% (+0.84%)
9% less capital invested
Capital invested by funds: $569M → $518M (-$50.1M)
14% less call options, than puts
Call options by funds: $225K | Put options by funds: $261K
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$6.09M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$4.72M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
+$3.79M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$3.74M |
| 5 |
RA
Royce & Associates
New York
|
+$3.52M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
-$11.8M |
| 2 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$4.51M |
| 3 |
JP Morgan Chase
New York
|
-$2.88M |
| 4 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$2.81M |
| 5 |
Bank of New York Mellon
New York
|
-$1.81M |
RGP Hedge Fund Activity: Q3 2022 in Review
184 of the 5,828 institutional investors tracked by Wall St. Rank reported a position in Resources Connection (RGP) for Q3 2022, worth a combined $518M — down 8.8% from $569M a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new RGP positions and 10 closed out — a net gain of 26 holders — while 62 added to existing stakes and 56 trimmed.
The largest buyer was Lord, Abbett & Co, opening a new position worth an estimated $6.09M. The largest seller was Heartland Advisors, exiting entirely with an estimated $11.8M sold.
- 184 institutional investors held Resources Connection (RGP) as of Q3 2022, up from 159 in Q2 2022.
- Funds reported $518M of Resources Connection stock for Q3 2022, down 8.8% quarter-over-quarter.
- 36 funds opened new Resources Connection positions in Q3 2022 and 10 closed out, a net change of +26 holders.
- The largest Resources Connection buyer in Q3 2022 was Lord, Abbett & Co, an estimated $6.09M added.
- The largest Resources Connection seller in Q3 2022 was Heartland Advisors, an estimated $11.8M sold.
Based on aggregated 13F filings for Q3 2022.