RoadRunner Transportation Systems, Inc.
RRTS
RRTS was delisted on the 16th of April, 2020.
37 hedge funds and large institutions have $340M invested in RoadRunner Transportation Systems, Inc. in 2019 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 13 increasing their positions, 4 reducing their positions, and 25 closing their positions.
225% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 4
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
11% less capital invested
Capital invested by funds: $384M → $340M (-$43.5M)
21% less funds holding
Funds holding: 47 → 37 (-10)
40% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$1.63M |
| 2 |
NSEDCP
NJ State Employees Deferred Compensation Plan
Trenton,
New Jersey
|
+$651K |
| 3 |
SCM
Solas Capital Management
Darien,
Connecticut
|
+$503K |
| 4 |
State Street
Boston,
Massachusetts
|
+$427K |
| 5 |
EM
Elliott Management
New York
|
+$319K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SM
SG3 Management
Dorado,
Puerto Rico
|
-$11.2M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$2.02M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$265K |
| 4 |
Jane Street
New York
|
-$217K |
| 5 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
-$102K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Creative Planning
Overland Park,
Kansas
| – | -$8K | -800 | Closed |
|
52
D.E. Shaw & Co
New York
| – | -$7K | -712 | Closed |
|
|
VF
53
Virtu Financial
New York
| – | -$6K | -562 | Closed |
|
54
Tudor Investment Corp
Stamford,
Connecticut
| – | -$6K | -554 | Closed |
|
|
SCM
55
Southport Capital Management
Chattanooga,
Tennessee
| – | -$4K | -400 | Closed |
|
56
Stifel Financial
St. Louis,
Missouri
| – | -$4K | -400 | Closed |
|
|
LFA
57
Legacy Financial Advisors
Covington,
Kentucky
| – | -$1K | -62 | Closed |
|
|
HNB
58
Huntington National Bank
Columbus,
Ohio
| – | +$81 | +8 | New |
|
59
Wells Fargo
San Francisco,
California
| – | +$81 | +8 | +42% |
|
RRTS Hedge Fund Activity: Q2 2019 in Review
37 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in RoadRunner Transportation Systems, Inc. (RRTS) for Q2 2019, worth a combined $340M — down 11% from $384M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of RRTS and 15 opened new positions — a net loss of 10 holders — while 4 trimmed existing stakes and 13 added.
The largest buyer was BlackRock, adding an estimated $1.63M. The largest seller was SG3 Management, exiting entirely with an estimated $11.2M sold.
- 37 institutional investors held RoadRunner Transportation Systems, Inc. (RRTS) as of Q2 2019, down from 47 in Q1 2019.
- Funds reported $340M of RoadRunner Transportation Systems, Inc. stock for Q2 2019, down 11% quarter-over-quarter.
- 15 funds opened new RoadRunner Transportation Systems, Inc. positions in Q2 2019 and 25 closed out, a net change of -10 holders.
- The largest RoadRunner Transportation Systems, Inc. buyer in Q2 2019 was BlackRock, an estimated $1.63M added.
- The largest RoadRunner Transportation Systems, Inc. seller in Q2 2019 was SG3 Management, an estimated $11.2M sold.
Based on aggregated 13F filings for Q2 2019.