RB Global

RBA • NYSE

RB Global is a specialty business services company in the industrials sector on NYSE, led by Jim Kessler, with a market cap of $19.5B. As of Q3 2025, 93% of shares are held by 509 institutional investors, with VANGUARD GROUP INC as the largest holder at 13.65%.

Chief Executive OfficerJim Kessler

Market Cap$19.5B

Specialty Business Services

Industrials

Employees7.9K

Websiterbglobal.com

Country

United States of America

Overview

Overview of institutional ownership in RBA as of Q3 2025 with a market cap of $20.1B

All Institutions

Institutions: 509
Value Held: $18.7B
Shares Held: 172.9M
Avg Position: $36.8M
Median Position: $945.1K

Hedge Funds

Hedge Funds: 44
Value Held: $707.1M
Shares Held: 6.5M
Avg Position: $16.1M
Median Position: $3.4M

Ownership Breakdown

Institutional (non-HF)

89.61%

$18.0B

Hedge Funds

3.52%

$707.1M

Retail & Other

6.87%

$1.4B

Based on market cap of $20.1B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in RBA as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$2.7B 0.04% of portfolio	13.65% 25.3M shares	Q1 2015 Held for 10y 8m	$6.69T
B BlackRock, Inc. Institution	-	$1.6B 0.03% of portfolio	8.14% 15.1M shares	Q2 2018 Held for 7y 5m	$5.67T
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	Edward Murray Maloney CEO	$1.2B 0.36% of portfolio	5.78% 10.7M shares	Q3 2016 Held for 9y 2m	$322.72B
F FIL Ltd Institution	-	$1.1B 0.84% of portfolio	5.36% 9.9M shares	Q3 2020 Held for 5y 2m	$127.75B
V Vontobel Holding Ltd. Institution	-	$781.9M 2.46% of portfolio	3.89% 7.2M shares	Q2 2022 Held for 3y 5m	$31.8B
EdgePoint Investment Group Inc. Long Only Manager	Clifford Tye Bousada CEO	$745.1M 5.57% of portfolio	3.71% 6.9M shares	Q1 2023 Held for 2y 8m	$13.4B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$670.4M 0.02% of portfolio	3.33% 6.2M shares	Q1 2023 Held for 2y 8m	$2.88T
R ROYAL BANK OF CANADA Institution	-	$524.7M 0.10% of portfolio	2.61% 4.8M shares	≤ Q2 2013 Held for 12y 5m+	$542.04B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$513.7M 0.03% of portfolio	2.56% 4.8M shares	Q3 2018 Held for 7y 2m	$1.57T
FMR LLC Institution	-	$505.8M 0.03% of portfolio	2.52% 4.7M shares	Q1 2017 Held for 8y 8m	$1.92T

Net Capital Flow

Institutional buying and selling activity for RBA in Q3 2025

Traded: +$143.7M
Buyers: 217
Sellers: 246
Total Bought: +$1.6B
Total Sold: −$1.4B
Avg Position: $33.9M

Biggest Buyers

Institution	Net Bought	Current Position
R ROYAL BANK OF CANADA Institution	+$380.5M +3.5M shares	$524.7M 4.8M shares
Jarislowsky, Fraser Ltd Long Only Manager	+$195.6M +1.8M shares	$195.6M 1.8M shares
FMR LLC Institution	+$88.9M +820.9K shares	$505.8M 4.7M shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	+$76.4M +705.4K shares	$1.2B 10.7M shares
V Vontobel Holding Ltd. Institution	+$72.9M +672.5K shares	$781.9M 7.2M shares
F FIL Ltd Institution	+$69.3M +639.7K shares	$1.1B 9.9M shares
KENSICO CAPITAL MANAGEMENT CORP Hedge Fund•Multi-Strategy	+$68.2M +629.7K shares	$113.1M 1.0M shares
A ADAGE CAPITAL PARTNERS GP LLC Institution	+$64.6M +596.5K shares	$118.8M 1.1M shares
BANK OF AMERICA CORP /DE/ Institution	+$61.5M +567.4K shares	$166.2M 1.5M shares
Holocene Advisors, LP Hedge Fund•Long/Short	+$53.1M +490.1K shares	$53.1M 490.1K shares

Biggest Sellers

Institution	Net Sold	Current Position
Independent Franchise Partners LLP Long Only Manager	−$299.8M −2.8M shares	$317.6M 2.9M shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	−$88.0M −811.7K shares	$46.8M 431.7K shares
Third Point LLC Hedge Fund•Multi-Strategy	−$73.8M −695.0K shares	Sold Off 0 shares
A Arrowpoint Asset Management, LLC Hedge Fund•Multi-Strategy	−$67.7M −624.7K shares	$57.3M 529.1K shares
Candlestick Capital Management LP Hedge Fund•Long/Short	−$64.7M −608.9K shares	Sold Off 0 shares
Robeco Investment Management, Inc. Long Only Manager	−$56.0M −516.7K shares	$286.9M 2.6M shares
Federation des caisses Desjardins du Quebec Fund of Funds	−$52.4M −490.4K shares	$21.7M 203.3K shares
Beutel, Goodman & Co Ltd. Long Only Manager	−$52.3M −482.6K shares	$318.6M 2.9M shares
J JANE STREET GROUP, LLC Institution	−$51.6M −475.9K shares	$1.4M 13.2K shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	−$40.4M −372.8K shares	$86.2M 796.1K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited RBA in Q3 2025

New Positions: 30
New Value: $36.8M
Exited Positions: 42
Exited Value: $269.5M

New Positions

Institution	Position Value
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	$15.3M 141.5K shares
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	$5.3M 48.7K shares
J Jones Collombin Investment Counsel Inc Fund of Funds	$3.6M 33.4K shares
B Bank Julius Baer & Co. Ltd, Zurich Institution	$2.1M 19.4K shares
MANCHESTER FINANCIAL INC RIA/Wealth	$1.7M 15.5K shares
G Genus Capital Management Inc. Institution	$1.4M 12.9K shares
H HUSSMAN STRATEGIC ADVISORS, INC. Institution	$1.1M 10.5K shares
G Generali Asset Management SPA SGR Institution	$1.1M 7.5K shares
Blackstone Group L.P. Institution	$1.1M 10.0K shares
L LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA RIA/Wealth	$949.4K 9.3K shares

Exited Positions

Institution	Previous Position
Third Point LLC Hedge Fund•Multi-Strategy	$73.8M 695.0K shares
Candlestick Capital Management LP Hedge Fund•Long/Short	$64.7M 608.9K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$39.3M 370.0K shares
Starboard Value LP Hedge Fund•Activist	$26.7M 251.2K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$24.8M 234.0K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$8.4M 79.3K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$7.8M 73.4K shares
Castle Hook Partners LP Hedge Fund•Global Macro	$5.1M 47.6K shares
A Andra AP-fonden Institution	$4.4M 30.3K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$3.4M 31.7K shares

Options Activity

Institutions with the largest Call and Put options positions in RBA as of Q3 2025

Call Positions: 9
Call Value: $26.6M
Put Positions: 8
Put Value: $10.0M

Call Positions

Institution	Position Value
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$11.6M 1.1K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$8.6M 790.0 contracts
S SIG North Trading, ULC Institution	$3.7M 345.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.1M 104.0 contracts
J JANE STREET GROUP, LLC Institution	$801.9K 74.0 contracts
Walleye Trading LLC RIA/Wealth	$596.0K 55.0 contracts
W WOLVERINE TRADING, LLC Institution	$215.0K 20.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	- - contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	- - contracts

Put Positions

Institution	Position Value
BANK OF MONTREAL /CAN/ Institution	$8.4M 777.0 contracts
W WOLVERINE TRADING, LLC Institution	$870.7K 81.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$379.3K 35.0 contracts
Walleye Trading LLC RIA/Wealth	$357.6K 33.0 contracts
J JANE STREET GROUP, LLC Institution	- - contracts
S SIG North Trading, ULC Institution	- - contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	- - contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	- - contracts

Most Committed Institutions

Institutions with RBA as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
D Drystone LLC RIA/Wealth	Christopher Heyward Jackson Managing Partner	5.93% $6.6M	0.03% 60.8K shares	Q4 2024 Held for 11 months	$111.1M
B BW Gestao de Investimentos Ltda. Institution	-	5.68% $74.3M	0.37% 685.6K shares	Q4 2022 Held for 2y 11m	$1.3B
N Nitorum Capital, L.P. Hedge Fund•Long/Short	Seth Damon Rosen Managing Partner	5.57% $31.7M	0.16% 292.9K shares	Q2 2023 Held for 2y 5m	$569.3M
EdgePoint Investment Group Inc. Long Only Manager	Clifford Tye Bousada CEO	5.57% $745.1M	3.71% 6.9M shares	Q1 2023 Held for 2y 8m	$13.4B
T TORON CAPITAL MARKETS INC. Long Only Manager	Henry Perren Chairman	4.42% $76.8M	0.38% 708.5K shares	Q2 2021 Held for 4y 5m	$1.7B
Caldwell Investment Management Ltd. RIA/Wealth	Natasha Lee Smith CCO	4.39% $5.9M	0.03% 54.8K shares	Q1 2024 Held for 1y 8m	$134.0M
O Oasis Management Co Ltd. Institution	-	4.38% $19.9M	0.10% 183.2K shares	Q1 2023 Held for 2y 8m	$453.2M
Bullseye Asset Management LLC Hedge Fund•Long/Short	Jakob Vincent Holm Member	3.91% $7.5M	0.04% 68.9K shares	Q1 2021 Held for 4y 8m	$191.0M
W WILSON ASSET MANAGEMENT PTY LTD Institution	-	3.44% $13.9M	0.07% 128.3K shares	Q1 2024 Held for 1y 8m	$404.2M
Q QV Investors Inc. Institution	-	3.41% $36.6M	0.18% 338.0K shares	Q2 2023 Held for 2y 5m	$1.1B

Hedge Fund Spotlight

Discover hedge funds investing in RBA

ExodusPoint Capital Management, LP

Hedge Fund • Multi-Strategy

Portfolio ManagerMichael Robert Gelband

Portfolio Value: $7.1B
Positions: 1,351
Last Reported: Q3 2025

Sector Allocation

Position in RB Global

Market Value: $1.7M
Shares Held: 15.4K
Portfolio Weight: 0.02%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
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