Polaris
429 hedge funds and large institutions have $3.77B invested in Polaris in 2018 Q4 according to their latest regulatory filings, with 54 funds opening new positions, 111 increasing their positions, 193 reducing their positions, and 91 closing their positions.
142% more call options, than puts
Call options by funds: $56.6M | Put options by funds: $23.4M
2.82% less ownership
Funds ownership: 82.48% → 79.67% (-2.8%)
8% less funds holding
Funds holding: 468 → 429 (-39)
27% less capital invested
Capital invested by funds: $5.18B → $3.77B (-$1.41B)
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
41% less first-time investments, than exits
New positions opened: 54 | Existing positions closed: 91
42% less repeat investments, than reductions
Existing positions increased: 111 | Existing positions reduced: 193
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$86.7M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$63.4M |
| 3 |
VanEck Associates
New York
|
+$23.5M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$21.9M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$96.2M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$58.9M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$30.8M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$27.4M |
| 5 |
SAM
Southernsun Asset Management
Memphis,
Tennessee
|
-$16.2M |
PII Hedge Fund Activity: Q4 2018 in Review
429 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Polaris (PII) for Q4 2018, worth a combined $3.77B — down 27% from $5.18B a quarter earlier.
Sellers outnumbered buyers: 91 funds closed out of PII and 54 opened new positions — a net loss of 37 holders — while 193 trimmed existing stakes and 111 added.
The largest buyer was State Street, adding an estimated $86.7M. The largest seller was Waddell & Reed Financial, cutting an estimated $96.2M.
- 429 institutional investors held Polaris (PII) as of Q4 2018, down from 468 in Q3 2018.
- Funds reported $3.77B of Polaris stock for Q4 2018, down 27% quarter-over-quarter.
- 54 funds opened new Polaris positions in Q4 2018 and 91 closed out, a net change of -37 holders.
- The largest Polaris buyer in Q4 2018 was State Street, an estimated $86.7M added.
- The largest Polaris seller in Q4 2018 was Waddell & Reed Financial, an estimated $96.2M sold.
Based on aggregated 13F filings for Q4 2018.