Research Solutions
RSSS
13 hedge funds and large institutions have $21.5M invested in Research Solutions in 2020 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 4 increasing their positions, 4 reducing their positions, and 3 closing their positions.
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
19% more capital invested
Capital invested by funds: $18.1M → $21.5M (+$3.45M)
8% more funds holding
Funds holding: 12 → 13 (+1)
3.64% more ownership
Funds ownership: 31.51% → 35.15% (+3.6%)
0% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CPA
Cowen Prime Advisors
New York
|
+$1.11M |
| 2 |
PCM
Perritt Capital Management
Chicago,
Illinois
|
+$70.9K |
| 3 |
PL
Parthenon LLC
Louisville,
Kentucky
|
+$27.5K |
| 4 |
CSC
Cove Street Capital
El Segundo,
California
|
+$22.6K |
| 5 |
BlackRock
New York
|
+$7.93K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1WCM
12 West Capital Management
New York
|
-$340K |
| 2 |
Millennium Management
New York
|
-$213K |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$129K |
| 4 |
Goldman Sachs
New York
|
-$66K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$55.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1WCM
1
12 West Capital Management
New York
| $12.6M | -$340K | -148,600 | -3% |
|
|
2
Vanguard Group
Malvern,
Pennsylvania
| $4.04M | -$129K | -56,427 | -3% |
|
|
SC
3
Samjo Capital
New York
| $1.86M | +$1.83M | +800,000 | New |
|
|
CPA
4
Cowen Prime Advisors
New York
| $1.57M | +$1.11M | +484,000 | +252% |
|
|
PL
5
Parthenon LLC
Louisville,
Kentucky
| $804K | +$27.5K | +12,000 | +4% |
|
|
6
Millennium Management
New York
| $385K | -$213K | -93,071 | -36% |
|
|
7
BlackRock
New York
| $108K | +$7.93K | +3,465 | +8% |
|
|
PCM
8
Perritt Capital Management
Chicago,
Illinois
| $72K | +$70.9K | +31,000 | New |
|
9
Northern Trust
Chicago,
Illinois
| $45K | – | – | – |
|
|
CSC
10
Cove Street Capital
El Segundo,
California
| $23K | +$22.6K | +9,900 | New |
|
|
TRCT
11
Tower Research Capital (TRC)
New York
| $13K | -$55.2K | -24,115 | -81% |
|
12
Acadian Asset Management
Boston,
Massachusetts
| $5K | +$5.06K | +2,211 | New |
|
|
13
Goldman Sachs
New York
| – | -$66K | -29,107 | Closed |
|
14
Squarepoint
New York
| – | -$24K | -10,782 | Closed |
|
15
Wells Fargo
San Francisco,
California
| – | +$21 | +9 | +8% |
|
RSSS Hedge Fund Activity: Q4 2020 in Review
13 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Research Solutions (RSSS) for Q4 2020, worth a combined $21.5M — up 19% from $18.1M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new RSSS positions and 3 closed out — a net gain of 1 holder — while 4 added to existing stakes and 4 trimmed.
The largest buyer was Cowen Prime Advisors, adding an estimated $1.11M. The largest seller was 12 West Capital Management, cutting an estimated $340K.
- 13 institutional investors held Research Solutions (RSSS) as of Q4 2020, up from 12 in Q3 2020.
- Funds reported $21.5M of Research Solutions stock for Q4 2020, up 19% quarter-over-quarter.
- 4 funds opened new Research Solutions positions in Q4 2020 and 3 closed out, a net change of +1 holder.
- The largest Research Solutions buyer in Q4 2020 was Cowen Prime Advisors, an estimated $1.11M added.
- The largest Research Solutions seller in Q4 2020 was 12 West Capital Management, an estimated $340K sold.
Based on aggregated 13F filings for Q4 2020.