Miller Industries
MLR
77 hedge funds and large institutions have $197M invested in Miller Industries in 2014 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 21 increasing their positions, 32 reducing their positions, and 4 closing their positions.
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
10% more capital invested
Capital invested by funds: $180M → $197M (+$17.5M)
3.13% more ownership
Funds ownership: 81.8% → 84.93% (+3.1%)
1% more funds holding
Funds holding: 76 → 77 (+1)
34% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 32
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
+$7.31M |
| 2 |
State Street
Boston,
Massachusetts
|
+$993K |
| 3 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$899K |
| 4 |
MDCM
Morgan Dempsey Capital Management
Menomonee Falls,
Wisconsin
|
+$122K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$110K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AR
Advisory Research
Chicago,
Illinois
|
-$1.6M |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$654K |
| 3 |
BIP
Brandes Investment Partners
La Jolla,
California
|
-$528K |
| 4 |
HCM
Huber Capital Management
El Segundo,
California
|
-$509K |
| 5 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$450K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AR
76
Advisory Research
Chicago,
Illinois
| – | -$1.6M | -81,725 | Closed |
|
|
IAM
77
Iridian Asset Management
Westport,
Connecticut
| – | -$263K | -13,480 | Closed |
|
78
ProShare Advisors
Bethesda,
Maryland
| – | -$222K | -11,370 | Closed |
|
|
PAM
79
Panagora Asset Management
Boston,
Massachusetts
| – | -$205K | -10,510 | Closed |
|
MLR Hedge Fund Activity: Q2 2014 in Review
77 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Miller Industries (MLR) for Q2 2014, worth a combined $197M — up 9.7% from $180M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new MLR positions and 4 closed out — a net gain of 1 holder — while 21 added to existing stakes and 32 trimmed.
The largest buyer was Royce & Associates, adding an estimated $7.31M. The largest seller was Advisory Research, exiting entirely with an estimated $1.6M sold.
- 77 institutional investors held Miller Industries (MLR) as of Q2 2014, up from 76 in Q1 2014.
- Funds reported $197M of Miller Industries stock for Q2 2014, up 9.7% quarter-over-quarter.
- 5 funds opened new Miller Industries positions in Q2 2014 and 4 closed out, a net change of +1 holder.
- The largest Miller Industries buyer in Q2 2014 was Royce & Associates, an estimated $7.31M added.
- The largest Miller Industries seller in Q2 2014 was Advisory Research, an estimated $1.6M sold.
Based on aggregated 13F filings for Q2 2014.