Polaris
495 hedge funds and large institutions have $6.67B invested in Polaris in 2017 Q4 according to their latest regulatory filings, with 115 funds opening new positions, 127 increasing their positions, 174 reducing their positions, and 40 closing their positions.
188% more first-time investments, than exits
New positions opened: 115 | Existing positions closed: 40
17% more funds holding
Funds holding: 423 → 495 (+72)
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
11% more capital invested
Capital invested by funds: $6.02B → $6.67B (+$651M)
5.89% less ownership
Funds ownership: 91.94% → 86.05% (-5.9%)
11% less call options, than puts
Call options by funds: $88.8M | Put options by funds: $100M
27% less repeat investments, than reductions
Existing positions increased: 127 | Existing positions reduced: 174
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCIM
TIAA CREF Investment Management
New York
|
+$36.7M |
| 2 |
Millennium Management
New York
|
+$33.5M |
| 3 |
CCMH
Cornerstone Capital Management Holdings
New York
|
+$24.9M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$24M |
| 5 |
Prudential Financial
Newark,
New Jersey
|
+$23.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
|
-$172M |
| 2 |
KP
Kiltearn Partners
Edinburgh,
United Kingdom
|
-$128M |
| 3 |
State Street
Boston,
Massachusetts
|
-$79.5M |
| 4 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$49.8M |
| 5 |
SAM
Southernsun Asset Management
Memphis,
Tennessee
|
-$49M |
PII Hedge Fund Activity: Q4 2017 in Review
495 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in Polaris (PII) for Q4 2017, worth a combined $6.67B — up 11% from $6.02B a quarter earlier.
Buyers outnumbered sellers: 115 funds opened new PII positions and 40 closed out — a net gain of 75 holders — while 127 added to existing stakes and 174 trimmed.
The largest buyer was TIAA CREF Investment Management, adding an estimated $36.7M. The largest seller was Janus Henderson Group, cutting an estimated $172M.
- 495 institutional investors held Polaris (PII) as of Q4 2017, up from 423 in Q3 2017.
- Funds reported $6.67B of Polaris stock for Q4 2017, up 11% quarter-over-quarter.
- 115 funds opened new Polaris positions in Q4 2017 and 40 closed out, a net change of +75 holders.
- The largest Polaris buyer in Q4 2017 was TIAA CREF Investment Management, an estimated $36.7M added.
- The largest Polaris seller in Q4 2017 was Janus Henderson Group, an estimated $172M sold.
Based on aggregated 13F filings for Q4 2017.