Polaris
424 hedge funds and large institutions have $6.56B invested in Polaris in 2014 Q2 according to their latest regulatory filings, with 36 funds opening new positions, 168 increasing their positions, 159 reducing their positions, and 38 closing their positions.
6% more repeat investments, than reductions
Existing positions increased: 168 | Existing positions reduced: 159
1% less funds holding
Funds holding: 427 → 424 (-3)
5% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 38
2.49% less ownership
Funds ownership: 78.77% → 76.28% (-2.5%)
9% less capital invested
Capital invested by funds: $7.25B → $6.56B (-$680M)
44% less call options, than puts
Call options by funds: $38.1M | Put options by funds: $67.9M
75% less funds holding in top 10
Funds holding in top 10: 8 → 2 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
+$68.7M |
| 2 |
Millennium Management
New York
|
+$40.8M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
+$24.3M |
| 4 |
PI
PGGM Investments
Zeist,
Netherlands
|
+$23.5M |
| 5 |
Westfield Capital Management
Boston,
Massachusetts
|
+$21.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$98M |
| 2 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
-$97.5M |
| 3 |
MCM
McKinley Capital Management
Anchorage,
Alaska
|
-$39.1M |
| 4 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
-$33.8M |
| 5 |
LOAMU
Lombard Odier Asset Management (USA)
New York
|
-$27.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SCM
451
Sterling Capital Management
Charlotte,
North Carolina
| – | -$287K | -2,057 | Closed |
|
|
PAM
452
Palisade Asset Management
Minneapolis,
Minnesota
| – | -$251K | -1,800 | Closed |
|
|
WTIM
453
Wilmington Trust Investment Management
Wilmington,
Delaware
| – | -$251K | -1,800 | Closed |
|
|
BFIC
454
Bedell Frazier Investment Counselling
Walnut Creek,
California
| – | -$211K | -1,510 | Closed |
|
|
MCM
455
Munder Capital Management
Birmingham,
Michigan
| – | -$123K | -875 | Closed |
|
|
WRM
456
Westport Resources Management
Westport,
Connecticut
| – | -$87K | -620 | Closed |
|
457
Robeco Institutional Asset Management
Rotterdam,
Netherlands
| – | -$59K | -420 | Closed |
|
|
ST
458
Spot Trading
Chicago,
Illinois
| – | -$31K | -220 | Closed |
|
|
KCPG
459
Kavar Capital Partners Group
Leawood,
Kansas
| – | -$3K | -24 | Closed |
|
460
M&T Bank
Buffalo,
New York
| – | -$2K | -13 | Closed |
|
|
GGPS
461
Gary Goldberg Planning Services
Suffern,
New York
| – | -$1K | -4 | Closed |
|
PII Hedge Fund Activity: Q2 2014 in Review
424 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Polaris (PII) for Q2 2014, worth a combined $6.56B — down 9.4% from $7.25B a quarter earlier.
Sellers outnumbered buyers: 38 funds closed out of PII and 36 opened new positions — a net loss of 2 holders — while 159 trimmed existing stakes and 168 added.
The largest buyer was Norges Bank, adding an estimated $68.7M. The largest seller was Fidelity Investments, cutting an estimated $98M.
- 424 institutional investors held Polaris (PII) as of Q2 2014, down from 427 in Q1 2014.
- Funds reported $6.56B of Polaris stock for Q2 2014, down 9.4% quarter-over-quarter.
- 36 funds opened new Polaris positions in Q2 2014 and 38 closed out, a net change of -2 holders.
- The largest Polaris buyer in Q2 2014 was Norges Bank, an estimated $68.7M added.
- The largest Polaris seller in Q2 2014 was Fidelity Investments, an estimated $98M sold.
Based on aggregated 13F filings for Q2 2014.