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Institutional/Fund Ownership of RV Stocks near $5 Billion

Who's investing and where?

 

Milpitas, CA - January 24, 2007 - According to research performed by RV Investor nearly $5 billion is currently invested in RV stocks by institutions and funds.

The leading institutional investor in RV stocks is Royce Funds with nearly $670 million invested in THOR (NYSE:THO, Snapshot), Winnebago (NYSE:WGO, Snapshot), Monaco (NYSE:MNC, Snapshot), Skyline (NYSE:SKY, Snapshot) and chassis manufacturer Spartan Motors (NYSE:SPAR, Snapshot).  That's about 10% of the total market cap of the RV stocks in our index.

FMR Corp., better known as Fidelity Investments is the next largest holder of RV stocks with $340 million under management but that's a paltry 0.03% of their total $1.2 trillion and 300 funds under management. It still amounts to roughly 5% of the total market cap of the RV Index. FMR's top RV holdings are Winnebago and Monaco.

Barclays Global Investors has $1.5 trillion under management and $310 million invested in RV stocks of which half is invested in Polaris (NYSE:PII, Snapshot). BGI also has positions in THOR, Winnebago, Fleetwood (NYSE:FLE, Snapshot), Monaco, Skyline and Coachmen (NYSE:COA, Snapshot).

First Pacific Advisors has $290 million of its $10 billion fund invested in Fleetwood, Thor, Polaris, and Coachmen.

With $440 billion in assets under management, Amvescap operates under the better known AIM, INVESCO, AIM Trimark, Invesco Perpetual and Atlantic Trust brands. Not broadly invested in RV stocks, they have $265 million invested in Polaris.

THOR has the highest amount of invested institutional money at $1.2 billion, just edging out Winnebago at $1.1 billion and Polaris at $1.0 billion.

 

Top-5 Institutions / Funds

                           
  Top-5 Institutions / Funds ($M) COA FLE MNC NVH PII SKY SPAR THO WGO   Total  
  Royce Funds             -           7.0        52.1             -              -         19.4        17.6      325.2      248.6    669.9  
  FMR Corporation        14.5             -         87.3          2.9        17.2             -         17.9             -       201.8    341.6  
  Barclays Global Investors          5.9        22.4        20.9             -       153.2        18.9             -         44.6        44.9    310.7  
  First Pacific Advisors        34.5      103.0             -              -         63.0             -              -         87.7             -     288.2  
  Amvescap             -              -              -              -       263.4             -              -              -              -     263.4  
  1/22/2007                        
                           

 

Total Invested by Stock

                           
  Institutional Investments by Stock ($M) COA FLE MNC NVH PII SKY SPAR THO WGO   Total  
  Total Invested      166.3      456.3      373.6        25.1      983.1      263.3      169.2   1,195.7   1,110.0         4,742.6  
                           

 

Ownership Share
                       
  INSTITUTION / FUND (% Ownership) COA FLE MNC NVH PII SKY SPAR THO WGO
  ADVISORS INNER CIRCLE-FMC STRATEGIC VALUE FD        3.22
  AEGIS FINANCIAL CORPORATION              8.53            
  AEGIS VALUE, INC.              5.98            
  AIM TRIMARK SMALL COMPANIES FUND                0.67          
  Allianz Fds-NFJ Small Cap Value Fd                      1.29    
  ALPINE U.S. REAL ESTATE EQUITY FUND          0.92                
  ALYDAR PARTNERS, LLC                    3.72      
  Amvescap Plc              14.39          
  Barclays Global Investors UK Holdings Ltd        3.40        4.43        4.95          8.37        5.60          1.82        4.35  
  BARROW, HANLEY MEWHINNEY & STRAUSS, INC.                        7.21  
  BJURMAN, BARRY & ASSOCIATES                    2.31      
  BJURMAN, BARRY MICRO-CAP GROWTH FUND                    1.43      
  BOSTON PARTNERS-ASSET MANAGEMENT, L.P.            2.88                  4.01  
  BRANDES INVESTMENT PARTNERS L.P.        8.63            7.19            
  BUFFALO SMALL CAP FUND                        3.24  
  BYRAM CAPITAL MANAGEMENT LLC                  2.05        
  Calamos Advisors LLC                      1.62    
  CALAMOS GROWTH FUND                      1.44    
  COLLEGE RETIREMENT EQUITIES FUND-STOCK ACCOUNT        0.60                  
  COLUMBIA ACORN FD          7.33            2.30            0.79        2.20  
  COLUMBIA WANGER ASSET MANAGEMENT, L.P.          7.33            2.56          
  COOK, MICHAEL W. ASSET MANAGEMENT                1.98          
  DEPRINCE, RACE & ZOLLO, INC.                3.83          
  DFA TAX-MANAGED U.S. SMALL CAP VALUE SERIES            1.27        1.16            
  DFA U.S. MICRO CAP PORTFOLIO        0.75        0.86          0.99          0.88        0.82      
  DFA U.S. SMALL CAP VALUE SERIES        3.43          3.40        2.74          1.80        
  DIMENSIONAL FUND ADVISORS INC        8.53          8.31        8.31          7.28        2.19      
  EARNEST PARTNERS LLC                        8.27  
  EQ Advisors Trust-EQ/GAMCO Small Company Value Portfolio                  0.92        1.04      
  EVERGREEN SPECIAL VALUES FUND                  1.26        
  FAM VALUE FUND                        1.78  
  FENIMORE ASSET MANAGEMENT, INC.                        5.83  
  FIDELITY BALANCED FUND        3.73                  
  FIDELITY EQUITY-INCOME FUND            1.53                  2.90  
  FIDELITY EQUITY-INCOME II, FUND                        5.31  
  FIDELITY LOW-PRICED STOCK FUND            5.60        3.41            
  Fidelity Small Cap Value Fund                    2.86      
  FIDELITY VALUE FUND            2.38          0.94          
  FMR CORPORATION (FIDELITY MANAGEMENT & RESEARCH CORP)        4.70        11.20        5.28            2.86        11.34  
  FIRST MANHATTAN COMPANY                    5.72      
  FIRST PACIFIC ADVISORS, INC      14.53      13.12            2.58            2.27    
  FPA CAPITAL FUND        5.49        7.23                  1.31    
  FPA PERENNIAL FUND, INC.                0.86          
  FRANKLIN RESOURCES, INC            6.93        2.85              2.10        3.97  
  FRANKLIN TEMPLETON VIP TR-SMALL CAP VALUE SECURITIES FD            2.95                0.95    
  FRANKLIN VALUE INVESTORS TRUST-FRANKLIN MICROCAP VALUE F              2.85            
  FRANKLIN VALUE INVESTORS TRUST-FRANKLIN SMALL CAP VALUE            2.65              
  FRONTIER CAPITAL MANAGEMENT COMPANY INC                1.68          
  GABELLI FUNDS, LLC                  3.05        
  GABELLI SMALL CAP GROWTH FUND                  1.68        
  GAMCO INVESTORS INC        2.36                8.35        
  GRANTHAM MAYO VAN OTTERLOO & COMPANY                      1.96    
  HARBOR SMALL CAP VALUE FUND                        2.83  
  ING INVESTMENTS, LLC              1.94            
  ING SMALL CAP VALUE FUND        0.92            1.94            
  ISHARES RUSSELL 2000 INDEX FD          0.76            0.81          
  ISHARES S&P SMALLCAP 600 INDEX FD        0.80        0.88            0.94          
  JANUS SMALL CAP VALUE FUND            2.69              
  John Hancock Trust-Small Cap Opportunities Tr                    0.75      
  John Hancock Trust-Small Company Value Tr                  1.10        
  KEELEY SMALL CAP VALUE FUND, INC.          1.58                
  KENNEDY CAPITAL MANAGEMENT, INC.                    4.91      
  KORNITZER CAPITAL MANAGEMENT, INC.                        4.08  
  MARATHON ASSET MANAGEMENT LLP          6.59                
  MATTHEW 25 FUND                0.69          
  Mellon Financial Corporation                      5.16    
  MET INVESTORS SER TR-THIRD AVENUE SMALL CAP VALUE        7.02                3.21        
  MUHLENKAMP & CO INC.              4.33              2.98    
  MUHLENKAMP FUND (THE)              4.05        1.33            2.60        2.64  
  MUNDER CAPITAL MANAGEMENT, INC.                    5.52        3.30    
  MUNDER MICRO-CAP EQUITY FUND                    1.55      
  Munder Mid-Cap Core Growth Fund                      1.16    
  MUNDER SMALL-CAP VALUE FUND                    2.29      
  NEW YORK STATE COMMON RETIREMENT FUND        4.25            3.49            
  PA COMMONWEALTH OF PUBLIC SCHOOL EMPLOYEES RETIREMENT SY        4.78                  
  PENNSYLVANIA MUTUAL FUND INC            2.53                1.13        1.89  
  PERRITT CAPITAL MANAGEMENT, INC.                    2.66      
  PERRITT MICROCAP OPPORTUNITIES FUND        0.75                  2.27      
  PRICE (T.ROWE) ASSOCIATES                  9.91            4.89  
  PRICE (T.ROWE) SMALL-CAP VALUE FUND                  6.31        
  PRIVATE CAPITAL MANAGEMENT, INC.                  5.39        
  ROYCE & ASSOCIATES, INC.            7.99            3.09        3.26        7.93      14.45  
  ROYCE LOWER PRICED STOCK FUND            4.37              
  ROYCE OPPORTUNITY FUND          1.39                2.36      
  ROYCE PREMIER FUND                      5.34        9.63  
  ROYCE TOTAL RETURN FUND                  2.66        
  SCEPTER HOLDINGS, INC.              3.38            
  SCHNEIDER CAPITAL MANAGEMENT, L.P.          3.77                
  SHUFRO, ROSE & CO., LLC            2.93              
  SLS MANAGEMENT, L.L.C.        12.00                
  SMITH (DONALD) & COMPANY INC.        9.79                  
  SOURCE CAPITAL INC                0.75          
  STATE STREET CORPORATION                1.85          
  STERLING CAPITAL MANAGEMENT COMPANY          2.52                
  TCW GROUP, INC. (THE)          3.36        4.55              
  THIRD AVENUE MANAGEMENT, LLC        9.84                7.44        
  THIRD AVENUE SMALL-CAP VALUE FUND                  3.90        
  THIRD AVENUE VARIABLE SERIES TRUST FUND-VALUE PORT        2.26                  
  THOMSON HORSTMANN & BRYANT, INC.                    2.22      
  TRANSAMERICA IDEX-TRANSAMERICA SMALL/MID CAP VALUE              2.63            
  TRANSAMERICA INVESTMENT MANAGEMENT LLC              2.63            
  VANGUARD EXPLORER FUND, INC.          0.97                  1.15    
  VANGUARD EXTENDED MARKET INDEX FUND              0.94            
  VANGUARD GROUP, INC. (THE)                2.48        2.13        
  VANGUARD SELECTED VALUE FUND                        6.72  
  VANGUARD SMALL-CAP INDEX FUND                0.77          
  VIKING GLOBAL INVESTORS, L.P.          3.60                
  WACHOVIA CORP NEW                3.93          
  WEATHERBIE, M.A. & CO, INC.                      2.49    
  WELLS FARGO & COMPANY          7.95                
  Wells Fargo Advantage Small Cap Value Fd          3.57