Vault-13

R1 RCM INC

COM · Common Stock · CUSIP 77634L105 · ISIN US77634L1052

255 institutional holders +31 vs Q3 2023
268,984,189269.0m shares reported held*
$2.8bnreported value*
60 new 81 added 88 reduced 38 sold out net bought ≈ $86.6m (+8.9m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($4.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.58. Options: 8 managers hold calls ($846.1k notional), 9 hold puts ($660.1k).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 244Q4 22: 232Q1 23: 232Q2 23: 224Q3 23: 224Q4 23: 255255Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022244
Q4 2022232
Q1 2023232
Q2 2023224
Q3 2023224
Q4 2023255

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 22: 153 bought or addedQ4 22: 117 cut or sold outQ4 22Q1 23: 122 bought or addedQ1 23: 116 cut or sold outQ1 23Q2 23: 104 bought or addedQ2 23: 123 cut or sold outQ2 23Q3 23: 124 bought or addedQ3 23: 87 cut or sold outQ3 23Q4 23: 141 bought or addedQ4 23: 126 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022153117
Q1 2023122116
Q2 2023104123
Q3 202312487
Q4 2023141126

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$10m$20m$30mQ1 23 calls: $22.7mQ1 23 puts: $1.5mQ1 23P/C 0.06Q2 23 calls: $22.1mQ2 23 puts: $1.1mQ2 23P/C 0.05Q3 23 calls: $8.4mQ3 23 puts: $10.3mQ3 23P/C 1.22Q4 23 calls: $846.1kQ4 23 puts: $660.1kQ4 23P/C 0.78
Numbers
QuarterCallsPutsP/C
Q1 2023$22.7m$1.5m0.06
Q2 2023$22.1m$1.1m0.05
Q3 2023$8.4m$10.3m1.22
Q4 2023$846.1k$660.1k0.78

Biggest buyers

Voss Capital, LP Added +6,035,340+6.0m
Coliseum Capital Management, LLC New +5,293,998+5.3m
Sachem Head Capital Management LP Added +4,944,200+4.9m
MORGAN STANLEY Added +4,462,268+4.5m
Qube Research & Technologies Ltd New +2,402,904+2.4m
Man Group plc New +2,219,172+2.2m
Squarepoint Ops LLC New +2,090,158+2.1m
NORGES BANK Added +1,935,955+1.9m
RENAISSANCE TECHNOLOGIES LLC New +1,799,098+1.8m
ORBIMED ADVISORS LLC Added +1,362,200+1.4m

Biggest sellers

Polar Capital Holdings Plc Reduced -4,684,385-4.7m
Invesco Ltd. Reduced -3,848,015-3.8m
VANGUARD GROUP INC Reduced -2,744,298-2.7m
Sunriver Management LLC Sold out -2,615,738-2.6m
FMR LLC Reduced -2,480,712-2.5m
Thrivent Financial for Lutherans Reduced -2,073,598-2.1m
MACQUARIE GROUP LTD Sold out -2,024,480-2.0m
AMERICAN CENTURY COMPANIES INC Reduced -1,678,571-1.7m
SNYDER CAPITAL MANAGEMENT L P Reduced -1,569,094-1.6m
Bank of New York Mellon Corp Reduced -1,537,689-1.5m

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $274.8k26.0k shares
Squarepoint Ops LLC New $211.4k20.0k shares
CITADEL ADVISORS LLC Reduced $163.8k15.5k shares
SIMPLEX TRADING, LLC Reduced $84.0k8.0k shares
Walleye Capital LLC New $77.2k7.3k shares
GROUP ONE TRADING LLC Reduced $33.8k3.2k shares
Walleye Trading LLC Reduced $1.1k100 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Added $151.2k14.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $129.0k12.2k shares
GTS SECURITIES LLC New $121.6k11.5k shares
Squarepoint Ops LLC Reduced $109.9k10.4k shares
SIMPLEX TRADING, LLC Added $65.0k6.2k shares
Walleye Trading LLC Added $45.5k4.3k shares
Walleye Capital LLC New $28.5k2.7k shares
GROUP ONE TRADING LLC Added $9.5k900 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 New Mountain Capital, L.L.C. 68.11% of their portfolio New York, NY 94,408,78094.4m $997.9m $997.9m 68.11% Unchanged
2 BlackRock Inc. 0.00% of their portfolio New York, NY 16,784,66716.8m $177.4m $177.4m 0.00% Reduced -384.4k -384,399
3 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 15,196,49415.2m $160.6m $160.6m 0.00% Reduced -2.7m -2,744,298
4 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 11,259,39611.3m $119.0m $119.0m 0.01% Added +4.5m +4,462,268
5 Sachem Head Capital Management LP 5.13% of their portfolio NEW YORK, NY 9,605,0009.6m $101.5m $101.5m 5.13% Added +4.9m +4,944,200
6 CITADEL ADVISORS LLC 0.10% of their portfolio MIAMI, FL 9,104,2969.1m $96.2m $96.2m 0.10% Reduced -1.2m -1,162,353
7 Capital International Investors 0.02% of their portfolio Los Angeles, CA 8,343,1998.3m $88.2m $88.2m 0.02% Added +67.5k +67,485
8 Voss Capital, LP 7.33% of their portfolio HOUSTON, TX 7,125,0007.1m $75.3m $75.3m 7.33% Added +6.0m +6,035,340
9 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 5,480,0115.5m $57.9m $57.9m 0.01% Reduced -1.5m -1,537,689
10 Coliseum Capital Management, LLC 4.49% of their portfolio Rowayton, CT 5,293,9985.3m $56.0m $56.0m 4.49% New
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 5,245,2755.2m $55.4m $55.4m 0.00% Added +243.0k +242,996
12 ORBIMED ADVISORS LLC 1.02% of their portfolio New York, NY 4,803,2004.8m $50.8m $50.8m 1.02% Added +1.4m +1,362,200
13 NORGES BANK 0.01% of their portfolio OSLO, Q8 4,024,5134.0m $42.5m $42.5m 0.01% Added +1.9m +1,935,955
14 PARADIGM CAPITAL MANAGEMENT INC/NY 2.11% of their portfolio ALBANY, NY 3,832,0003.8m $40.5m $40.5m 2.11% Added +497.6k +497,600
15 P2 Capital Partners, LLC 4.11% of their portfolio New York, NY 3,535,2943.5m $37.4m $37.4m 4.11% Added +1.0m +1,030,277
16 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 3,324,8503.3m $35.1m $35.1m 0.02% Reduced -1.7m -1,678,571
17 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 3,196,1903.2m $33.8m $33.8m 0.00% Added +143.8k +143,824
18 SNYDER CAPITAL MANAGEMENT L P 0.73% of their portfolio San Francisco, CA 2,835,0472.8m $32.5m $32.5m 0.73% Reduced -1.6m -1,569,094
19 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 2,826,5452.8m $29.9m $29.9m 0.01% Added +1.3m +1,269,837
20 Qube Research & Technologies Ltd 0.06% of their portfolio LONDON, X0 2,402,9042.4m $25.4m $25.4m 0.06% New
21 Parsifal Capital Management, LP 1.64% of their portfolio GREENWICH, CT 2,263,9522.3m $23.9m $23.9m 1.64% Reduced -762.6k -762,648
22 Man Group plc 0.07% of their portfolio LONDON, X0 2,219,1722.2m $23.5m $23.5m 0.07% New
23 Squarepoint Ops LLC 0.09% of their portfolio NEW YORK, NY 2,090,1582.1m $22.1m $22.1m 0.09% New
24 LORD, ABBETT & CO. LLC 0.03% of their portfolio JERSEY CITY, NJ 1,831,4501.8m $19.4m $19.4m 0.03% Reduced -23.1k -23,096
25 RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio NEW YORK, NY 1,799,0981.8m $19.0m $19.0m 0.03% New
26 Sea Cliff Partners Management, LP 7.20% of their portfolio SAN FRANCISCO, CA 1,746,3331.7m $18.5m $18.5m 7.20% First filing
27 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,615,9421.6m $17.1m $17.1m 0.00% Reduced -968.5k -968,493
28 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 1,557,6951.6m $16.5m $16.5m 0.00% Added +42.2k +42,188
29 TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio NEW YORK, NY 1,522,4161.5m $16.1m $16.1m 0.04% Added +1.2m +1,204,758
30 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 1,495,6711.5m $15.8m $15.8m 0.01% Reduced -1.3m -1,282,931
31 EVENTIDE ASSET MANAGEMENT, LLC 0.24% of their portfolio Boston, MA 1,375,9801.4m $14.5m $14.5m 0.24% Added +640.3k +640,275
32 GLENMEDE TRUST CO NA 0.07% of their portfolio PHILADELPHIA, PA 1,277,5631.3m $13.5m $13.5m 0.07% Reduced -36.1k -36,070
33 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 1,272,8021.3m $13.5m $13.5m 0.00% Reduced -3.8m -3,848,015
34 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.09% of their portfolio NEW YORK, NY 1,225,1541.2m $12.9m $12.9m 0.09% Added +167.4k +167,448
35 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 1,192,7221.2m $12.6m $12.6m 0.00% Added +21.4k +21,447
36 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,020,5441.0m $10.8m $10.8m 0.00% Added +556.2k +556,164
37 Clearbridge Investments, LLC 0.01% of their portfolio NEW YORK, NY 994,506994.5k $10.5m $10.5m 0.01% Added +6.2k +6,230
38 DSC Advisors, L.P. 17.03% of their portfolio CHICAGO, IL 950,000950.0k $10.0m $10.0m 17.03% Added +109.0k +109,000
39 TWINBEECH CAPITAL LP 0.16% of their portfolio PURCHASE, NY 938,455938.5k $9.9m $9.9m 0.16% New
40 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 872,876872.9k $9.2m $9.2m 0.00% Reduced -32.7k -32,699
41 First Light Asset Management, LLC 0.69% of their portfolio Edina, MN 815,979816.0k $8.6m $8.6m 0.69% New
42 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 810,025810.0k $8.6m $8.6m 0.01% Added +21.5k +21,526
43 Portolan Capital Management, LLC 0.67% of their portfolio BOSTON, MA 720,000720.0k $7.6m $7.6m 0.67% New
44 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio JUPITER, FL 676,077676.1k $7.1m $7.1m 0.03% Added +635.7k +635,729
45 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 647,531647.5k $6.8m $6.8m 0.00% Reduced -148.8k -148,766
46 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 599,532599.5k $6.3m $6.3m 0.00% Reduced -7.1k -7,112
47 STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio MADISON, WI 578,163578.2k $6.1m $6.1m 0.02% Added +242.9k +242,917
48 Balyasny Asset Management L.P. 0.02% of their portfolio Chicago, IL 565,892565.9k $6.0m $6.0m 0.02% New
49 Cubist Systematic Strategies, LLC 0.07% of their portfolio STAMFORD, CT 559,915559.9k $5.9m $5.9m 0.07% Added +527.3k +527,339
50 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 529,728529.7k $5.6m $5.6m 0.01% Reduced -14.6k -14,593
51 WCM INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio LAGUNA BEACH, CA 487,703487.7k $5.2m $5.2m 0.01% Added +57.8k +57,760
52 UBS Group AG 0.00% of their portfolio ZURICH, V8 463,231463.2k $4.9m $4.9m 0.00% Added +388.5k +388,451
53 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.04% of their portfolio VICTORIA, A1 440,000440.0k $4.7m $4.7m 0.04% Reduced -140.0k -140,000
54 ABS Direct Equity Fund LLC 3.98% of their portfolio Stamford, CT 400,000400.0k $4.2m $4.2m 3.98% First filing
55 Magnetar Financial LLC 0.11% of their portfolio EVANSTON, IL 399,136399.1k $4.2m $4.2m 0.11% Added +380.2k +380,176
56 Caisse de depot et placement du Quebec 0.01% of their portfolio Montreal, A8 383,701383.7k $4.1m $4.1m 0.01% Added +1.7k +1,701
57 Aberdeen Group plc 0.01% of their portfolio EDINBURGH, X0 356,851356.9k $3.8m $3.8m 0.01% New
58 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 355,700355.7k $3.8m $3.8m 0.00% Added +70.2k +70,203
59 Swiss National Bank 0.00% of their portfolio ZURICH, V8 330,300330.3k $3.5m $3.5m 0.00% Reduced -37.4k -37,400
60 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 320,350320.4k $3.4m $3.4m 0.00% Added +41.2k +41,157
61 Walleye Capital LLC 0.05% of their portfolio NEW YORK, NY 312,998313.0k $3.3m $3.3m 0.05% Reduced -34.6k -34,570
62 Rock Creek Group LLC 0.46% of their portfolio Washington, DC 300,000300.0k $3.2m $3.2m 0.46% Added +250.9k +250,931
63 AMERICAN INTERNATIONAL GROUP, INC. 0.01% of their portfolio New York, NY 265,619265.6k $2.8m $2.8m 0.01% Reduced -11.4k -11,437
64 Legal & General Group Plc 0.00% of their portfolio London, X0 253,221253.2k $2.7m $2.7m 0.00% Reduced -16.6k -16,644
65 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 248,219248.2k $2.6m $2.6m 0.00% Added +214.6k +214,640
66 Retirement Systems of Alabama 0.01% of their portfolio MONTGOMERY, AL 246,620246.6k $2.6m $2.6m 0.01% Added +756 +756
67 Engineers Gate Manager LP 0.07% of their portfolio NEW YORK, NY 243,365243.4k $2.6m $2.6m 0.07% New
68 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 241,052241.1k $2.5m $2.5m 0.00% Added +4.4k +4,423
69 HRT FINANCIAL LP 0.02% of their portfolio NEW YORK, NY 236,642236.6k $2.5m $2.5m 0.02% New
70 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 235,419235.4k $2.5m $2.5m 0.01% Added +88.0k +87,984
71 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 235,368235.4k $2.5m $2.5m 0.00% Reduced -51.5k -51,487
72 OAK RIDGE INVESTMENTS LLC 0.29% of their portfolio Chicago, IL 235,296235.3k $2.5m $2.5m 0.29% Reduced -35.6k -35,580
73 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 225,430225.4k $2.4m $2.4m 0.00% Reduced -77.2k -77,218
74 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 218,785218.8k $2.3m $2.3m 0.00% Reduced -16.8k -16,811
75 SHELTON CAPITAL MANAGEMENT 0.07% of their portfolio Denver, CO 217,684217.7k $2.3m $2.3m 0.07% Added +310 +310
76 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 209,388209.4k $2.2m $2.2m 0.00% Reduced -117.3k -117,345
77 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 202,162202.2k $2.1m $2.1m 0.00% Reduced -405.3k -405,263
78 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 174,654174.7k $1.8m $1.8m 0.00% Reduced -7.4k -7,414
79 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 172,923172.9k $1.8m $1.8m 0.00% Reduced -6.8k -6,759
80 TEXAS PERMANENT SCHOOL FUND CORP 0.02% of their portfolio AUSTIN, TX 170,044170.0k $1.8m $1.8m 0.02% Added +2.9k +2,868
81 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 167,900167.9k $1.8m $1.8m 0.00% New
82 M&T Bank Corp 0.01% of their portfolio BUFFALO, NY 161,332161.3k $1.7m $1.7m 0.01% Reduced -24.1k -24,094
83 Tidal Investments LLC 0.04% of their portfolio Milwaukee, WI 151,593151.6k $1.6m $1.6m 0.04% New
84 Bridgewater Associates, LP 0.01% of their portfolio Westport, CT 151,363151.4k $1.6m $1.6m 0.01% Reduced -53.7k -53,689
85 FEDERATED HERMES, INC. 0.00% of their portfolio PITTSBURGH, PA 150,556150.6k $1.6m $1.6m 0.00% Added +7.2k +7,219
86 State of Tennessee, Department of Treasury 0.01% of their portfolio NASHVILLE, TN 140,778140.8k $1.5m $1.5m 0.01% Added +41.6k +41,600
87 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio ALBANY, NY 139,921139.9k $1.5m $1.5m 0.00% Added +3.3k +3,300
88 Point72 Middle East FZE 0.10% of their portfolio DUBAI, C0 131,430131.4k $1.4m $1.4m 0.10% New
89 Aquatic Capital Management LLC 0.04% of their portfolio CHICAGO, IL 130,900130.9k $1.4m $1.4m 0.04% New
90 Gladstone Institutional Advisory LLC 0.07% of their portfolio Bedminster, NJ 125,900125.9k $1.3m $1.3m 0.07% New
91 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.01% of their portfolio New York, NY 120,950121.0k $1.3m $1.3m 0.01% Reduced -6.3k -6,320
92 AMALGAMATED BANK 0.01% of their portfolio NEW YORK, NY 116,906116.9k $1.2m $1.2m 0.01% Reduced -4.7k -4,703
93 Schonfeld Strategic Advisors LLC 0.01% of their portfolio NEW YORK, NY 113,700113.7k $1.2m $1.2m 0.01% Added +66.1k +66,100
94 Alberta Investment Management Corp 0.01% of their portfolio EDMONTON, A0 112,589112.6k $1.2m $1.2m 0.01% Reduced -17.9k -17,888
95 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 110,232110.2k $1.2m $1.2m 0.00% Added +10.4k +10,362
96 MetLife Investment Management, LLC 0.01% of their portfolio Whippany, NJ 110,174110.2k $1.2m $1.2m 0.01% Reduced -1.8k -1,799
97 Clark Capital Management Group, Inc. 0.01% of their portfolio PHILADELPHIA, PA 105,867105.9k $1.1m $1.1m 0.01% New
98 P.A.W. CAPITAL CORP 2.56% of their portfolio GREENWICH, CT 100,000100.0k $1.1m $1.1m 2.56% Unchanged
99 DARK FOREST CAPITAL MANAGEMENT LP 0.15% of their portfolio NEW YORK, NY 94,97795.0k $1.0m $1.0m 0.15% New
100 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 93,90093.9k $992.5k $992.5k 0.00% Reduced -16.1k -16,124