Will Fossil’s Top Institutional Shareholders Double Down After Earnings?

So far this year, Fossil, Inc.’s (NASDAQ:FOSL) shares are up 9.79 percent. On Tuesday, the company reported its second quarter earnings report. It saw an 11.6 percent in net income to $57.3 million (92 cents per share) vs. $51.4 million (80 cents per share) from the previous year’s quarter. Revenue jumped 14.3 percent to $636.1 million from a year ago.

This exceeded net income estimates for 79 cents per share on $617.6 million revenue.

Mike Kovar, Executive Vice President and Chief Financial Officer said, “Our better-than-expected second quarter performance resulted in double-digit increases in sales and earnings, representing another record performance for the Company and highlighted several noteworthy accomplishments toward our near and long term goals. Across each of our geographical segments we experienced acceleration in wholesale sales growth in comparison to our first quarter of 2012.”

With the strong second quarter results, will Fossil, Inc.’s largest shareholders increase their holdings? 107 institutional firms indicated owning shares of Fossil, Inc. (NASDAQ:FOSL) in Q2 2012. These firms reported owning a total of 2.997 million shares on 06/30/2012. The shares closed at $76.54 on 06/30/2012.

Here are the ten largest positions in Fossil, Inc. at the end of June 30th, 2012.

Bank of New York Mellon Corp held 522,456 shares on 06/30/2012 worth $39,988,783. This brought the portfolio total to 0.02%.

Blair William & Co/IL held 453,593 shares on 06/30/2012 worth $34,718,009. This brought the portfolio total to 0.17%.

STRS Ohio held 150,000 shares on 06/30/2012 worth $11,481,000. This brought the portfolio total to 0.05%.

Granahan Investment Management Inc/MA held 147,640 shares on 06/30/2012 worth $11,300,366. This brought the portfolio total to 0.42%.

Magee Thomson Investment Partners LLC held 140,384 shares on 06/30/2012 worth $10,744,991. This brought the portfolio total to 2.1%.

Mitsubishi UFJ Trust & Banking Corp held 112,959 shares on 06/30/2012 worth $8,645,882. This brought the portfolio total to 0.03%.

Ubs Global Asset Management Americas Inc held 110,463 shares on 06/30/2012 worth $8,454,838. This brought the portfolio total to 0.01%.

Alliancebernstein L.P. held 104,186 shares on 06/30/2012 worth $7,974,397. This brought the portfolio total to 0.01%.

California State Teachers Retirement System held 97,663 shares on 06/30/2012 worth $7,475,126. This brought the portfolio total to 0.03%.

State Board of Administration of Florida Retirement System held 96,165 shares on 06/30/2012 worth $7,360,469. This brought the portfolio total to 0.03%.

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