Will Michael Kors’s Top Institutional Shareholders Buy More After Earnings?

In 2012, Michael Kors Holdings’ (NYSE:KORS) shares are up 78.35 percent. On Tuesday, the company reported that its fiscal first-quarter earnings almost tripled. It also recorded double-digit same-store sales increases in North America and Europe as well as a rise in its licensing revenue.

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In the quarter, the company earned $68.6 million (34 cents per share), up from $18.9 million (13 cents per share) from the previous year. Total revenue rose 71 percent to $414.9 million, up from $243.1 million in the prior year.

The company had its IPO in December and since then, the stock’s price has more than doubled.

With the strong quarterly report, will Michael Kors Holdings’ largest shareholders increase their holdings? 188 institutional firms indicated owning shares of Michael Kors Holdings (NYSE:KORS) in Q2 2012. These firms reported owning a total of 73.367 million shares on 06/30/2012. The shares closed at $41.84 on 06/30/2012.

Here are the ten largest positions in Michael Kors Holdings at the end of June 30th, 2012.

FMR LLC held 13,465,283 shares on 06/30/2012 worth $563,387,443. This brought the portfolio total to 0.11%.

Ontario Teachers Pension Plan board held 10,250,712 shares on 06/30/2012 worth $428,889,792. This brought the portfolio total to 3.05%.

Winslow Capital Management LLC held 6,342,135 shares on 06/30/2012 worth $265,354,929. This brought the portfolio total to 0.87%.

Jennison Associates LLC held 4,156,744 shares on 06/30/2012 worth $173,918,170. This brought the portfolio total to 0.22%.

Managed Account Advisors LLC held 3,985,227 shares on 06/30/2012 worth $166,741,898. This brought the portfolio total to 0.15%.

ING Investment Management Co held 3,547,396 shares on 06/30/2012 worth $148,423,049. This brought the portfolio total to 0.53%.

Tiger Consumer Management LLC held 2,351,312 shares on 06/30/2012 worth $98,378,894. This brought the portfolio total to 4.94%.

Columbus Circle Investors held 2,237,016 shares on 06/30/2012 worth $93,596,750. This brought the portfolio total to 0.77%.

Hoplite Capital Management LLC held 2,227,699 shares on 06/30/2012 worth $93,206,926. This brought the portfolio total to 4.08%.

JPMorgan Chase & Co held 1,968,191 shares on 06/30/2012 worth $82,349,112. This brought the portfolio total to 0.03%.

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