P2 Capital Partners, LLC, is a New York-based privately owned hedge fund that was founded in 2006. The firm manages portfolios for equity and hedge fund clients. P2 Capital Partners, LLC, SEC 13F filings for the quarter ended September 30, 2014, show that UTi Worldwide Inc. (NASDAQ:UTIW), Blount International Inc (NYSE:BLT), and EPIQ Systems, Inc. (NASDAQ:EPIQ) were its top three holdings.
The topmost investment of P2 Capital Partners, LLC, was UTi Worldwide Inc. (NASDAQ:UTIW), having a total of $119.8 million in investment value. UTi Worldwide Inc. (NASDAQ:UTIW) is a multi-national non-asset-based supply chain management company with 310 offices, operating in 59 countries so far. The company develops and implements client centered solutions for international companies. P2 Capital Partners held the most shares of the company with 11.27 million. The second among the biggest holders was Royce & Associates, which had 5.97 million shares. (You can see complete list of hedge funds which hold positions on UTi Worldwide Inc. (NASDAQ:UTIW) at the end of third quarter.)
Blount International Inc (NYSE:BLT) was second largest investment of the firm with investment totaling to $115.6 million. Blount International Inc (NYSE:BLT) manufactures and markets replacement parts, equipment, and accessories for different farm and forestry needs. The top three shareholders of Blount International Inc (NYSE:BLT) are P2 Capital Partners, LLC, 12 West Capital Management LP, and Fidelity Management and Research Company.
EPIQ Systems, Inc. (NASDAQ:EPIQ) came out third on the investment list of P2 Capital Partners, LLC, accounting for a total of $107.1 million. EPIQ Systems, Inc. (NASDAQ:EPIQ) is a leading global provider of specialized technology solutions for the legal sector. The company also serves corporations, advisory firms, government agencies, trustees and fiduciaries. EPIQ Systems, Inc. (NASDAQ:EPIQ) recently announced a quarterly dividend of $0.09 per common share. The dividend is payable February 20, 2015.
This article has been written by Victor Ochieng.