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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. |
