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Diageo
DEO

1,010 hedge funds and large institutions have $8.55B invested in Diageo in 2023 Q4 according to their latest regulatory filings, with 149 funds opening new positions, 305 increasing their positions, 405 reducing their positions, and 80 closing their positions.

New
Increased
Maintained
Reduced
Closed

86% more first-time investments, than exits

New positions opened: 149 | Existing positions closed: 80

69% more call options, than puts

Call options by funds: $124M | Put options by funds: $73.4M

6% more funds holding

Funds holding: 956 → 1,010 (+54)

3% more capital invested

Capital invested by funds: $8.29B → $8.55B (+$262M)

0.16% more ownership

Funds ownership: 2.46% → 2.62% (+0.16%)

25% less repeat investments, than reductions

Existing positions increased: 305 | Existing positions reduced: 405

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
1,010
Holders Change
+54
Holders Change %
+5.65%
% of All Funds
14.73%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.04%
New
149
Increased
305
Reduced
405
Closed
80
Calls
$124M
Puts
$73.4M
Net Calls
+$50.6M
Net Calls Change
+$8.95M

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$320M
2
Voloridge Investment Management
Voloridge Investment Management
Florida
+$43.9M
3
SRIM
Saratoga Research & Investment Management
California
+$42.8M
4
Wellington Management Group
Wellington Management Group
Massachusetts
+$36.2M
5
Optiver Holding
Optiver Holding
Netherlands
+$34.6M

Top Sellers

1
Westfield Capital Management
Westfield Capital Management
Massachusetts
-$73.9M
2
Bank of America
Bank of America
North Carolina
-$58.3M
3
UBS Group
UBS Group
Switzerland
-$34.2M
4
Wells Fargo
Wells Fargo
California
-$30.3M
5
ClearBridge Investments
ClearBridge Investments
New York
-$27.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$795M +$320M +2,167,176 +66%
Bank of America
2
Bank of America
North Carolina
$643M -$58.3M -394,925 -8%
Fidelity Investments
3
Fidelity Investments
Massachusetts
$521M +$22.1M +150,002 +4%
ClearBridge Investments
4
ClearBridge Investments
New York
$320M -$27.6M -186,952 -8%
Wells Fargo
5
Wells Fargo
California
$308M -$30.3M -205,045 -9%
Charles Schwab
6
Charles Schwab
California
$302M +$20.3M +137,397 +7%
UBS Group
7
UBS Group
Switzerland
$247M -$34.2M -231,649 -12%
LCOV
8
London Company of Virginia
Virginia
$212M -$19.4M -131,305 -8%
MG
9
Markel Group
Virginia
$197M +$664K +4,500 +0.3%
Royal Bank of Canada
10
Royal Bank of Canada
Ontario, Canada
$177M +$3.79M +25,691 +2%
BBHC
11
Brown Brothers Harriman & Co
New York
$157M -$4.25M -28,783 -3%
Massachusetts Financial Services
12
Massachusetts Financial Services
Massachusetts
$155M -$2.19M -14,865 -1%
Dimensional Fund Advisors
13
Dimensional Fund Advisors
Texas
$125M +$2.18M +14,789 +2%
CIM
14
Confluence Investment Management
Missouri
$122M -$1.89M -12,773 -2%
Fayez Sarofim & Co
15
Fayez Sarofim & Co
Texas
$118M -$1.43M -9,674 -1%
Envestnet Asset Management
16
Envestnet Asset Management
Illinois
$110M +$14M +94,544 +14%
Goldman Sachs
17
Goldman Sachs
New York
$109M +$12.5M +84,666 +13%
JFL
18
Jarislowsky, Fraser Ltd
Quebec, Canada
$105M -$385K -2,608 -0.4%
HMP
19
HS Management Partners
New York
$103M +$14.6M +98,819 +16%
Wellington Management Group
20
Wellington Management Group
Massachusetts
$98.7M +$36.2M +245,255 +57%
Natixis Advisors
21
Natixis Advisors
Massachusetts
$94M +$34.2M +231,396 +56%
GF
22
Gabelli Funds
New York
$88.4M +$4.08M +27,625 +5%
FGAM
23
Financial Gravity Asset Management
Texas
$86.7M +$1.48M +10,014 +9%
Kovitz Investment Group Partners
24
Kovitz Investment Group Partners
Illinois
$83.3M +$14.3M +96,691 +20%
DC
25
Davenport & Co
Virginia
$79.6M -$2.41M -16,321 -3%
1
2 3 4 5

DEO Hedge Fund Activity: Q4 2023 in Review

1,010 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Diageo (DEO) for Q4 2023, worth a combined $8.55B — up 3.2% from $8.29B a quarter earlier.

Buyers outnumbered sellers: 149 funds opened new DEO positions and 80 closed out — a net gain of 69 holders — while 305 added to existing stakes and 405 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $320M. The largest seller was Westfield Capital Management, exiting entirely with an estimated $73.9M sold.

  • 1,010 institutional investors held Diageo (DEO) as of Q4 2023, up from 956 in Q3 2023.
  • Funds reported $8.55B of Diageo stock for Q4 2023, up 3.2% quarter-over-quarter.
  • 149 funds opened new Diageo positions in Q4 2023 and 80 closed out, a net change of +69 holders.
  • The largest Diageo buyer in Q4 2023 was Morgan Stanley, an estimated $320M added.
  • The largest Diageo seller in Q4 2023 was Westfield Capital Management, an estimated $73.9M sold.

Based on aggregated 13F filings for Q4 2023.