Polaris
431 hedge funds and large institutions have $7.42B invested in Polaris in 2013 Q4 according to their latest regulatory filings, with 64 funds opening new positions, 147 increasing their positions, 173 reducing their positions, and 23 closing their positions.
178% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 23
10% more capital invested
Capital invested by funds: $6.72B → $7.42B (+$700M)
10% more funds holding
Funds holding: 392 → 431 (+39)
2.09% less ownership
Funds ownership: 75.54% → 73.45% (-2.1%)
8% less funds holding in top 10
Funds holding in top 10: 12 → 11 (-1)
15% less repeat investments, than reductions
Existing positions increased: 147 | Existing positions reduced: 173
42% less call options, than puts
Call options by funds: $77.1M | Put options by funds: $132M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$139M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
+$41.1M |
| 3 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$32.2M |
| 4 |
BM
Bridger Management
New York
|
+$25.4M |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$23.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
-$78.7M |
| 2 |
IIM
Ivory Investment Management
New York
|
-$69M |
| 3 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
-$67.9M |
| 4 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
-$59.9M |
| 5 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$44.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BA
451
Birinyi Associates
Westport,
Connecticut
| – | -$129K | -1,000 | Closed |
|
452
Jones Financial Companies
Des Peres,
Missouri
| – | -$23K | -180 | Closed |
|
|
BOK
453
Bank of Kentucky
Crestview Hills,,
Kentucky
| – | -$6K | -46 | Closed |
|
|
SF
454
Synovus Financial
Columbus,
Georgia
| – | +$268 | +2 | New |
|
PII Hedge Fund Activity: Q4 2013 in Review
431 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Polaris (PII) for Q4 2013, worth a combined $7.42B — up 10% from $6.72B a quarter earlier.
Buyers outnumbered sellers: 64 funds opened new PII positions and 23 closed out — a net gain of 41 holders — while 147 added to existing stakes and 173 trimmed.
The largest buyer was AllianceBernstein, adding an estimated $139M. The largest seller was Discovery Capital Management, cutting an estimated $78.7M.
- 431 institutional investors held Polaris (PII) as of Q4 2013, up from 392 in Q3 2013.
- Funds reported $7.42B of Polaris stock for Q4 2013, up 10% quarter-over-quarter.
- 64 funds opened new Polaris positions in Q4 2013 and 23 closed out, a net change of +41 holders.
- The largest Polaris buyer in Q4 2013 was AllianceBernstein, an estimated $139M added.
- The largest Polaris seller in Q4 2013 was Discovery Capital Management, an estimated $78.7M sold.
Based on aggregated 13F filings for Q4 2013.