AutoZone
1,159 hedge funds and large institutions have $50.2B invested in AutoZone in 2024 Q1 according to their latest regulatory filings, with 147 funds opening new positions, 362 increasing their positions, 413 reducing their positions, and 81 closing their positions.
81% more first-time investments, than exits
New positions opened: 147 | Existing positions closed: 81
23% more funds holding in top 10
Funds holding in top 10: 35 → 43 (+8)
19% more capital invested
Capital invested by funds: $42.3B → $50.2B (+$7.94B)
5% more funds holding
Funds holding: 1,107 → 1,159 (+52)
1.68% less ownership
Funds ownership: 94.62% → 92.95% (-1.7%)
12% less repeat investments, than reductions
Existing positions increased: 362 | Existing positions reduced: 413
21% less call options, than puts
Call options by funds: $989M | Put options by funds: $1.25B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$1.18B |
| 2 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$369M |
| 3 |
Bessemer Group
Woodbridge,
New Jersey
|
+$174M |
| 4 |
CF
Canoe Financial
Calgary,
Alberta, Canada
|
+$167M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$159M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$816M |
| 2 |
OTPPB
Ontario Teachers' Pension Plan Board
Toronto,
Ontario, Canada
|
-$397M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$333M |
| 4 |
PAM
PineStone Asset Management
Montreal,
Quebec, Canada
|
-$241M |
| 5 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$171M |
AZO Hedge Fund Activity: Q1 2024 in Review
1,159 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in AutoZone (AZO) for Q1 2024, worth a combined $50.2B — up 19% from $42.3B a quarter earlier.
Buyers outnumbered sellers: 147 funds opened new AZO positions and 81 closed out — a net gain of 66 holders — while 362 added to existing stakes and 413 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $1.18B. The largest seller was Morgan Stanley, cutting an estimated $816M.
- 1,159 institutional investors held AutoZone (AZO) as of Q1 2024, up from 1,107 in Q4 2023.
- Funds reported $50.2B of AutoZone stock for Q1 2024, up 19% quarter-over-quarter.
- 147 funds opened new AutoZone positions in Q1 2024 and 81 closed out, a net change of +66 holders.
- The largest AutoZone buyer in Q1 2024 was JP Morgan Chase, an estimated $1.18B added.
- The largest AutoZone seller in Q1 2024 was Morgan Stanley, an estimated $816M sold.
Based on aggregated 13F filings for Q1 2024.