George Soros' hedge fund turned family office, Soros Fund Management, has filed a 13G with the SEC regarding Polycom (PLCM). Per the filing, Soros now owns 6.95% of the company with over 9.4 million shares.
This is a brand new position for the firm and the filing was required due to portfolio activity on January 24th.
Per Google Finance, Polycom is "a provider of unified communications (UC) solutions and a provider of telepresence, video, voice and infrastructure solutions based on open standards. With Polycom RealPresence video and voice solutions, from infrastructure to endpoints, people all over the world can collaborate face-to-face without being in the same physical location. The Company has three operating segments: Americas, which consist of North, Central and Latin Americas; Europe, Middle East and Africa, and Asia Pacific. The products and solutions include Network Infrastructure, UC Group Systems and UC Personal Devices, which includes desktop video devices and wireless local area network products."
For more from Soros himself, head to George Soros' best investment advice.
Tuesday, February 4, 2014
Soros Fund Starts Polycom Stake
Thursday, March 14, 2013
Lee Cooperman Boosts Polycom Stake
Lee Cooperman's hedge fund Omega Advisors just filed a 13G with the SEC regarding shares of Polycom (PLCM). Per the filing, Omega has revealed a 5.43% ownership stake with 9,608,699 shares.
This marks a 70% increase in their position size since the end of 2012. The 13G was required due to portfolio activity on March 6th.
Per Google Finance, Polycom is "a provider of unified communications (UC) solutions and a provider of telepresence, video, voice and infrastructure solutions based on open standards. With Polycom RealPresence video and voice solutions, from infrastructure to endpoints, people all over the world can collaborate face-to-face without being in the same physical location."
For more from this manager, Cooperman recently said the market is fairly valued and talked about some of his other positions.
