Next in line is Pacira Pharmaceuticals Inc (NASDAQ:PCRX), in which the fund cut its holding by 26% and 37% in the second and third quarter, respectively, disclosing a $4.76 million stake containing 139,000 shares as of the end of September. The stock inched up by 1.5% during the third quarter. During the second quarter the number of funds from our database long Pacira Pharmaceuticals went up by 18% to 26. More specifically, Daruma Asset Management was the largest shareholder of Pacira Pharmaceuticals Inc (NASDAQ:PCRX), with a stake worth $36.3 million reported as of the end of June. Trailing Daruma Asset Management was Millennium Management, which amassed a stake valued at $26.4 million. 40 North Management, Sarissa Capital Management, and Hoplite Capital Management also held valuable positions in the company.
Rent-A-Center Inc (NASDAQ:RCII) is another stock that the fund dumped in the third quarter, saying goodbye to a position that had contained 34,528 shares worth $424,000 at the end of June. The stock returned 3.6% during the third quarter, while over the past 12 months it has lost 29.45%. A total of 19 funds tracked by Insider Monkey were bullish on this stock at the end of June, down by 10% over the quarter. The largest stake in Rent-A-Center Inc (NASDAQ:RCII) was held by Pzena Investment Management, which reported holding $21.8 million worth of stock as of the end of the second quarter. It was followed by Royce & Associates with a $11.1 million position. Other investors bullish on the company included Elm Ridge Capital, Millennium Management, and D E Shaw.