RBC Sells Large Stake in Barrett Business Services Amid Hedge Fund Shifts

Royal Bank of Canada reduced its holdings in Barrett Business Services (BBSI) by 93.8% during the first quarter, according to a recent SEC filing.

The bank sold 91,397 shares of BBSI's stock during the quarter and owned 6,090 shares worth $178,000 as of its most recent SEC filing.

This move is not an isolated incident; several other hedge funds have also modified their holdings in Barrett Business Services over the past few quarters.

Polar Asset Management Partners Inc. bought a new position in BBSI during the first quarter worth $8,316,000, while Trigran Investments Inc. boosted its holdings by 62.3% in the fourth quarter.