Polaris
443 hedge funds and large institutions have $4.6B invested in Polaris in 2016 Q4 according to their latest regulatory filings, with 60 funds opening new positions, 135 increasing their positions, 180 reducing their positions, and 56 closing their positions.
7% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 56
1% less funds holding
Funds holding: 447 → 443 (-4)
2% less capital invested
Capital invested by funds: $4.67B → $4.6B (-$78.4M)
7.49% less ownership
Funds ownership: 94.57% → 87.08% (-7.5%)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
25% less repeat investments, than reductions
Existing positions increased: 135 | Existing positions reduced: 180
60% less call options, than puts
Call options by funds: $24.5M | Put options by funds: $61.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$126M |
| 2 |
State Street
Boston,
Massachusetts
|
+$32.7M |
| 3 |
KP
Kiltearn Partners
Edinburgh,
United Kingdom
|
+$31.1M |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$11.2M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
-$95.6M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$88.8M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
-$52M |
| 4 |
CI
Cincinnati Insurance
Fairfield,
Ohio
|
-$43M |
| 5 |
APG Asset Management
Amsterdam,
Netherlands
|
-$29.7M |
PII Hedge Fund Activity: Q4 2016 in Review
443 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Polaris (PII) for Q4 2016, worth a combined $4.6B — down 1.7% from $4.67B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new PII positions and 56 closed out — a net gain of 4 holders — while 135 added to existing stakes and 180 trimmed.
The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $126M. The largest seller was Neuberger Berman Group, cutting an estimated $95.6M.
- 443 institutional investors held Polaris (PII) as of Q4 2016, down from 447 in Q3 2016.
- Funds reported $4.6B of Polaris stock for Q4 2016, down 1.7% quarter-over-quarter.
- 60 funds opened new Polaris positions in Q4 2016 and 56 closed out, a net change of +4 holders.
- The largest Polaris buyer in Q4 2016 was Manulife (Manufacturers Life Insurance), an estimated $126M added.
- The largest Polaris seller in Q4 2016 was Neuberger Berman Group, an estimated $95.6M sold.
Based on aggregated 13F filings for Q4 2016.