diff --git a/docs/src/ComponentsPage.js b/docs/src/ComponentsPage.js
index 3c37d256b8..a04a1097c7 100644
--- a/docs/src/ComponentsPage.js
+++ b/docs/src/ComponentsPage.js
@@ -792,7 +792,7 @@ const ComponentsPage = React.createClass({
                 <div className='bs-docs-section'>
                   <h1 id='utilities' className='page-header'>Utilities <small>Portal</small></h1>
 
-                  <h2 id='utilities-Portal'>Portal</h2>
+                  <h2 id='utilities-portal'>Portal</h2>
                   <p>
                     A Component that renders its children into a new React "subtree" or <code>container</code>. The Portal component kind of like the React
                     equivillent to jQuery's <code>.appendTo()</code>, which is helpful for components that need to be appended to a DOM node other than
@@ -801,6 +801,15 @@ const ComponentsPage = React.createClass({
                   <h3 id='utilities-props'>Props</h3>
 
                   <PropTable component='Portal'/>
+
+                  <h2 id='utilities-position'>Position</h2>
+                  <p>
+                    A Component that absolutely positions its child to a <code>target</code> component or DOM node. Useful for creating custom
+                    popups or tooltips. Used by the Overlay Components.
+                  </p>
+                  <h3 id='utilities-props'>Props</h3>
+
+                  <PropTable component='Position'/>
                 </div>
               </div>
 
@@ -845,7 +854,8 @@ const ComponentsPage = React.createClass({
                     <NavItem href='#glyphicons' key={24}>Glyphicons</NavItem>
                     <NavItem href='#tables' key={25}>Tables</NavItem>
                     <NavItem href='#input' key={26}>Input</NavItem>
-                    <NavItem href='#utilities' key={26}>Input</NavItem>
+
+                    <NavItem href='#utilities' key={26}>Utilities</NavItem>
                   </Nav>
                   <a className='back-to-top' href='#top'>
                   Back to top
diff --git a/src/Position.js b/src/Position.js
new file mode 100644
index 0000000000..b92c256965
--- /dev/null
+++ b/src/Position.js
@@ -0,0 +1,102 @@
+import React, { cloneElement } from 'react';
+import domUtils from './utils/domUtils';
+import { calcOverlayPosition } from './utils/overlayPositionUtils';
+import CustomPropTypes from './utils/CustomPropTypes';
+
+class Position extends React.Component {
+
+  constructor(props, context){
+    super(props, context);
+    this.state = {
+      positionLeft: null,
+      positionTop: null,
+      arrowOffsetLeft: null,
+      arrowOffsetTop: null
+    };
+  }
+
+  componentWillMount(){
+    this._needsFlush = true;
+  }
+
+  componentWillRecieveProps(){
+    this._needsFlush = true;
+  }
+
+  componentDidMount(){
+    this._maybeUpdatePosition();
+  }
+  componentDidUpate(){
+    this._maybeUpdatePosition();
+  }
+
+  render() {
+    let { placement, children } = this.props;
+    let { positionLeft, positionTop, ...arrows } = this.props.target ? this.state : {};
+
+    return cloneElement(
+      React.Children.only(children), {
+        ...arrows,
+        placement,
+        positionTop,
+        positionLeft,
+        style: {
+          ...children.props.style,
+          left: positionLeft,
+          top: positionTop
+        }
+      }
+    );
+  }
+
+  _maybeUpdatePosition(){
+    if ( this._needsFlush ) {
+      this._needsFlush = false;
+      this._updatePosition();
+    }
+  }
+
+  _updatePosition() {
+    if ( this.props.target == null ){
+      return;
+    }
+
+    let target = React.findDOMNode(this.props.target(this.props));
+    let container = React.findDOMNode(this.props.container) || domUtils.ownerDocument(this).body;
+
+    this.setState(
+      calcOverlayPosition(
+          this.props.placement
+        , React.findDOMNode(this)
+        , target
+        , container
+        , this.props.containerPadding));
+  }
+}
+
+Position.propTypes = {
+  /**
+   * The target DOM node the Component is positioned next too.
+   */
+  target:           React.PropTypes.func,
+  /**
+   * The "offsetParent" of the Component
+   */
+  container:        CustomPropTypes.mountable,
+  /**
+   * Distance in pixels the Component should be positioned to the edge of the Container.
+   */
+  containerPadding: React.PropTypes.number,
+  /**
+   * The location that the overlay should be positioned to its target.
+   */
+  placement:        React.PropTypes.oneOf(['top', 'right', 'bottom', 'left'])
+};
+
+Position.defaultProps = {
+  containerPadding: 0,
+  placement:        'right'
+};
+
+
+export default Position;
diff --git a/src/utils/overlayPositionUtils.js b/src/utils/overlayPositionUtils.js
new file mode 100644
index 0000000000..eb4a0459ec
--- /dev/null
+++ b/src/utils/overlayPositionUtils.js
@@ -0,0 +1,113 @@
+import domUtils from './domUtils';
+
+const utils = {
+
+  getContainerDimensions(containerNode) {
+    let width, height, scroll;
+
+    if (containerNode.tagName === 'BODY') {
+      width = window.innerWidth;
+      height = window.innerHeight;
+      scroll =
+        domUtils.ownerDocument(containerNode).documentElement.scrollTop ||
+        containerNode.scrollTop;
+    } else {
+      width = containerNode.offsetWidth;
+      height = containerNode.offsetHeight;
+      scroll = containerNode.scrollTop;
+    }
+
+    return {width, height, scroll};
+  },
+
+  getPosition(target, container) {
+    const offset = container.tagName === 'BODY' ?
+      domUtils.getOffset(target) : domUtils.getPosition(target, container);
+
+    return {
+      ...offset, // eslint-disable-line object-shorthand
+      height: target.offsetHeight,
+      width: target.offsetWidth
+    };
+  },
+
+  calcOverlayPosition(placement, overlayNode, target, container, padding) {
+    const childOffset = utils.getPosition(target, container);
+
+    const overlayHeight = overlayNode.offsetHeight;
+    const overlayWidth = overlayNode.offsetWidth;
+
+    let positionLeft, positionTop, arrowOffsetLeft, arrowOffsetTop;
+
+    if (placement === 'left' || placement === 'right') {
+      positionTop = childOffset.top + (childOffset.height - overlayHeight) / 2;
+
+      if (placement === 'left') {
+        positionLeft = childOffset.left - overlayWidth;
+      } else {
+        positionLeft = childOffset.left + childOffset.width;
+      }
+
+      const topDelta = getTopDelta(positionTop, overlayHeight, container, padding);
+
+      positionTop += topDelta;
+      arrowOffsetTop = 50 * (1 - 2 * topDelta / overlayHeight) + '%';
+      arrowOffsetLeft = null;
+
+    } else if (placement === 'top' || placement === 'bottom') {
+      positionLeft = childOffset.left + (childOffset.width - overlayWidth) / 2;
+
+      if (placement === 'top') {
+        positionTop = childOffset.top - overlayHeight;
+      } else {
+        positionTop = childOffset.top + childOffset.height;
+      }
+
+      const leftDelta = getLeftDelta(positionLeft, overlayWidth, container, padding);
+      positionLeft += leftDelta;
+      arrowOffsetLeft = 50 * (1 - 2 * leftDelta / overlayWidth) + '%';
+      arrowOffsetTop = null;
+    } else {
+      throw new Error(
+        `calcOverlayPosition(): No such placement of "${placement }" found.`
+      );
+    }
+
+    return { positionLeft, positionTop, arrowOffsetLeft, arrowOffsetTop };
+  }
+};
+
+
+function getTopDelta(top, overlayHeight, container, padding) {
+  const containerDimensions = utils.getContainerDimensions(container);
+  const containerScroll = containerDimensions.scroll;
+  const containerHeight = containerDimensions.height;
+
+  const topEdgeOffset = top - padding - containerScroll;
+  const bottomEdgeOffset = top + padding - containerScroll + overlayHeight;
+
+  if (topEdgeOffset < 0) {
+    return -topEdgeOffset;
+  } else if (bottomEdgeOffset > containerHeight) {
+    return containerHeight - bottomEdgeOffset;
+  } else {
+    return 0;
+  }
+}
+
+function getLeftDelta(left, overlayWidth, container, padding) {
+  const containerDimensions = utils.getContainerDimensions(container);
+  const containerWidth = containerDimensions.width;
+
+  const leftEdgeOffset = left - padding;
+  const rightEdgeOffset = left + padding + overlayWidth;
+
+  if (leftEdgeOffset < 0) {
+    return -leftEdgeOffset;
+  } else if (rightEdgeOffset > containerWidth) {
+    return containerWidth - rightEdgeOffset;
+  } else {
+    return 0;
+  }
+}
+export default utils;
diff --git a/test/utils/overlayPositionUtilsSpec.js b/test/utils/overlayPositionUtilsSpec.js
new file mode 100644
index 0000000000..50703e4b4c
--- /dev/null
+++ b/test/utils/overlayPositionUtilsSpec.js
@@ -0,0 +1,92 @@
+import position from '../../src/utils/overlayPositionUtils';
+
+describe('calcOverlayPosition()', function() {
+    [
+      {
+        placement: 'left',
+        noOffset: [50, 300, null, '50%'],
+        offsetBefore: [-200, 150, null, '0%'],
+        offsetAfter: [300, 450, null, '100%']
+      },
+      {
+        placement: 'top',
+        noOffset: [200, 150, '50%', null],
+        offsetBefore: [50, -100, '0%', null],
+        offsetAfter: [350, 400, '100%', null]
+      },
+      {
+        placement: 'bottom',
+        noOffset: [200, 450, '50%', null],
+        offsetBefore: [50, 200, '0%', null],
+        offsetAfter: [350, 700, '100%', null]
+      },
+      {
+        placement: 'right',
+        noOffset: [350, 300, null, '50%'],
+        offsetBefore: [100, 150, null, '0%'],
+        offsetAfter: [600, 450, null, '100%']
+      }
+    ].forEach(function(testCase) {
+
+      describe(`placement = ${testCase.placement}`, function() {
+        let overlayStub, padding, placement;
+
+        beforeEach(function() {
+          placement = testCase.placement;
+          padding = 50;
+          overlayStub = {
+            offsetHeight: 200, offsetWidth: 200
+          };
+
+          position.getContainerDimensions = sinon.stub().returns({
+            width: 600, height: 600, scroll: 100
+          });
+        });
+
+        function checkPosition(expected) {
+          const [
+            positionLeft,
+            positionTop,
+            arrowOffsetLeft,
+            arrowOffsetTop
+          ] = expected;
+
+          it('Should calculate the correct position', function() {
+            position.calcOverlayPosition(placement, overlayStub, {}, {}, padding).should.eql(
+              { positionLeft, positionTop, arrowOffsetLeft, arrowOffsetTop }
+            );
+          });
+        }
+
+        describe('no viewport offset', function() {
+          beforeEach(function() {
+            position.getPosition = sinon.stub().returns({
+              left: 250, top: 350, width: 100, height: 100
+            });
+          });
+
+          checkPosition(testCase.noOffset);
+        });
+
+        describe('viewport offset before', function() {
+          beforeEach(function() {
+            position.getPosition = sinon.stub().returns({
+              left: 0, top: 100, width: 100, height: 100
+            });
+          });
+
+          checkPosition(testCase.offsetBefore);
+        });
+
+        describe('viewport offset after', function() {
+          beforeEach(function() {
+            position.getPosition = sinon.stub().returns({
+              left: 500, top: 600, width: 100, height: 100
+            });
+          });
+
+          checkPosition(testCase.offsetAfter);
+        });
+      });
+    });
+  });