Diageo
1,000 hedge funds and large institutions have $9.6B invested in Diageo in 2023 Q2 according to their latest regulatory filings, with 65 funds opening new positions, 373 increasing their positions, 349 reducing their positions, and 70 closing their positions.
20% more capital inflows, than outflows
Capital inflows: $393M | Capital outflows: $328M
17% more call options, than puts
Call options by funds: $133M | Put options by funds: $114M
7% more repeat investments, than reductions
Existing positions increased: 373 | Existing positions reduced: 349
0.07% more ownership
Funds ownership: 9.85% → 9.92% (+0.07%)
7% less first-time investments, than exits
New positions opened: 65 | Existing positions closed: 70
1% less funds holding
Funds holding: 1,014 → 1,000 (-14)
23% less funds holding in top 10
Funds holding in top 10: 13 → 10 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
+$79.9M |
| 2 |
Avalon Trust
Santa Fe,
New Mexico
|
+$21.4M |
| 3 |
Lazard Asset Management
New York
|
+$18M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
+$16.5M |
| 5 |
Corient Private Wealth
Miami,
Florida
|
+$16.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$51.3M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$38.8M |
| 3 |
BlackRock
New York
|
-$27.9M |
| 4 |
JP Morgan Private Wealth Advisors
San Francisco,
California
|
-$16M |
| 5 |
Voloridge Investment Management
Jupiter,
Florida
|
-$14M |
DEO Hedge Fund Activity: Q2 2023 in Review
1,000 of the 6,389 institutional investors tracked by Wall St. Rank reported a position in Diageo (DEO) for Q2 2023, worth a combined $9.6B — down 3.7% from $10B a quarter earlier.
Sellers outnumbered buyers: 70 funds closed out of DEO and 65 opened new positions — a net loss of 5 holders — while 349 trimmed existing stakes and 373 added.
The largest buyer was Kovitz Investment Group Partners, opening a new position worth an estimated $79.9M. The largest seller was Bank of America, cutting an estimated $51.3M.
- 1,000 institutional investors held Diageo (DEO) as of Q2 2023, down from 1,014 in Q1 2023.
- Funds reported $9.6B of Diageo stock for Q2 2023, down 3.7% quarter-over-quarter.
- 65 funds opened new Diageo positions in Q2 2023 and 70 closed out, a net change of -5 holders.
- The largest Diageo buyer in Q2 2023 was Kovitz Investment Group Partners, an estimated $79.9M added.
- The largest Diageo seller in Q2 2023 was Bank of America, an estimated $51.3M sold.
Based on aggregated 13F filings for Q2 2023.