Darden Restaurants
527 hedge funds and large institutions have $6.7B invested in Darden Restaurants in 2016 Q3 according to their latest regulatory filings, with 48 funds opening new positions, 180 increasing their positions, 206 reducing their positions, and 66 closing their positions.
58% more call options, than puts
Call options by funds: $116M | Put options by funds: $73.1M
4% less funds holding
Funds holding: 550 → 527 (-23)
8.28% less ownership
Funds ownership: 95.45% → 87.16% (-8.3%)
12% less capital invested
Capital invested by funds: $7.66B → $6.7B (-$955M)
13% less repeat investments, than reductions
Existing positions increased: 180 | Existing positions reduced: 206
27% less first-time investments, than exits
New positions opened: 48 | Existing positions closed: 66
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$69M |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$54.2M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$49.5M |
| 4 |
PI
PGGM Investments
Zeist,
Netherlands
|
+$30.3M |
| 5 |
D.E. Shaw & Co
New York
|
+$29.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SV
Starboard Value
New York
|
-$246M |
| 2 |
Skandinaviska Enskilda Banken (SEB)
Stockholm,
Sweden
|
-$78.1M |
| 3 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
-$65.6M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$62.2M |
| 5 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$58.7M |
DRI Hedge Fund Activity: Q3 2016 in Review
527 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Darden Restaurants (DRI) for Q3 2016, worth a combined $6.7B — down 12% from $7.66B a quarter earlier.
Sellers outnumbered buyers: 66 funds closed out of DRI and 48 opened new positions — a net loss of 18 holders — while 206 trimmed existing stakes and 180 added.
The largest buyer was Fidelity Investments, adding an estimated $69M. The largest seller was Starboard Value, exiting entirely with an estimated $246M sold.
- 527 institutional investors held Darden Restaurants (DRI) as of Q3 2016, down from 550 in Q2 2016.
- Funds reported $6.7B of Darden Restaurants stock for Q3 2016, down 12% quarter-over-quarter.
- 48 funds opened new Darden Restaurants positions in Q3 2016 and 66 closed out, a net change of -18 holders.
- The largest Darden Restaurants buyer in Q3 2016 was Fidelity Investments, an estimated $69M added.
- The largest Darden Restaurants seller in Q3 2016 was Starboard Value, an estimated $246M sold.
Based on aggregated 13F filings for Q3 2016.