Research Solutions
RSSS
49 hedge funds and large institutions have $47.6M invested in Research Solutions in 2025 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 14 increasing their positions, 13 reducing their positions, and 8 closing their positions.
50% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 8
25% more capital invested
Capital invested by funds: $38M → $47.6M (+$9.57M)
7% more funds holding
Funds holding: 46 → 49 (+3)
8% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 13
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.94% less ownership
Funds ownership: 40.8% → 38.85% (-1.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
Topline Capital Management
Santa Monica,
California
|
+$617K |
| 2 |
NIM
Needham Investment Management
New York
|
+$521K |
| 3 |
NL
Navalign LLC
Encino,
California
|
+$440K |
| 4 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$249K |
| 5 |
ACM
Ashford Capital Management
Wilmington,
Delaware
|
+$153K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EIM
Essex Investment Management
Boston,
Massachusetts
|
-$1.69M |
| 2 |
LPL Financial
San Diego,
California
|
-$595K |
| 3 |
LCM
Legato Capital Management
San Francisco,
California
|
-$501K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$450K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$105K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LCM
51
Legato Capital Management
San Francisco,
California
| – | -$501K | -174,521 | Closed |
|
|
52
Citadel Advisors
Miami,
Florida
| – | -$105K | -36,728 | Closed |
|
|
EFA
53
Evernest Financial Advisors
Carmel,
Indiana
| – | -$35K | -12,208 | Closed |
|
54
UBS Group
Zurich,
Switzerland
| – | -$1.12K | -391 | Closed |
|
|
TFM
55
TFC Financial Management
Boston,
Massachusetts
| – | -$718 | -250 | Closed |
|
|
TRCT
56
Tower Research Capital (TRC)
New York
| – | -$319 | -111 | Closed |
|
|
SIC
57
Salem Investment Counselors
Winston Salem,
North Carolina
| – | -$101 | -35 | Closed |
|
RSSS Hedge Fund Activity: Q3 2025 in Review
49 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Research Solutions (RSSS) for Q3 2025, worth a combined $47.6M — up 25% from $38M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new RSSS positions and 8 closed out — a net gain of 4 holders — while 14 added to existing stakes and 13 trimmed.
The largest buyer was Topline Capital Management, adding an estimated $617K. The largest seller was Essex Investment Management, exiting entirely with an estimated $1.69M sold.
- 49 institutional investors held Research Solutions (RSSS) as of Q3 2025, up from 46 in Q2 2025.
- Funds reported $47.6M of Research Solutions stock for Q3 2025, up 25% quarter-over-quarter.
- 12 funds opened new Research Solutions positions in Q3 2025 and 8 closed out, a net change of +4 holders.
- The largest Research Solutions buyer in Q3 2025 was Topline Capital Management, an estimated $617K added.
- The largest Research Solutions seller in Q3 2025 was Essex Investment Management, an estimated $1.69M sold.
Based on aggregated 13F filings for Q3 2025.