Resources Connection
RGP
185 hedge funds and large institutions have $488M invested in Resources Connection in 2023 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 59 increasing their positions, 62 reducing their positions, and 24 closing their positions.
97% more call options, than puts
Call options by funds: $177K | Put options by funds: $90K
42% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 24
7.34% more ownership
Funds ownership: 77.67% → 85.01% (+7.3%)
5% more funds holding
Funds holding: 176 → 185 (+9)
1% more capital invested
Capital invested by funds: $482M → $488M (+$5.89M)
5% less repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 62
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
+$10.4M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.08M |
| 3 |
RA
Royce & Associates
New York
|
+$2.82M |
| 4 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$1.83M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SI
Sapience Investments
Newport Beach,
California
|
-$7.01M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$5.59M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$5.43M |
| 4 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$3.57M |
| 5 |
Morgan Stanley
New York
|
-$3.28M |
RGP Hedge Fund Activity: Q1 2023 in Review
185 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Resources Connection (RGP) for Q1 2023, worth a combined $488M — up 1.2% from $482M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new RGP positions and 24 closed out — a net gain of 10 holders — while 59 added to existing stakes and 62 trimmed.
The largest buyer was First Trust Advisors, opening a new position worth an estimated $10.4M. The largest seller was Sapience Investments, exiting entirely with an estimated $7.01M sold.
- 185 institutional investors held Resources Connection (RGP) as of Q1 2023, up from 176 in Q4 2022.
- Funds reported $488M of Resources Connection stock for Q1 2023, up 1.2% quarter-over-quarter.
- 34 funds opened new Resources Connection positions in Q1 2023 and 24 closed out, a net change of +10 holders.
- The largest Resources Connection buyer in Q1 2023 was First Trust Advisors, an estimated $10.4M added.
- The largest Resources Connection seller in Q1 2023 was Sapience Investments, an estimated $7.01M sold.
Based on aggregated 13F filings for Q1 2023.