Darden Restaurants
854 hedge funds and large institutions have $19.1B invested in Darden Restaurants in 2023 Q2 according to their latest regulatory filings, with 95 funds opening new positions, 278 increasing their positions, 300 reducing their positions, and 73 closing their positions.
30% more first-time investments, than exits
New positions opened: 95 | Existing positions closed: 73
11% more funds holding in top 10
Funds holding in top 10: 9 → 10 (+1)
9% more capital invested
Capital invested by funds: $17.5B → $19.1B (+$1.64B)
2% more funds holding
Funds holding: 840 → 854 (+14)
1.06% more ownership
Funds ownership: 93.57% → 94.63% (+1.1%)
7% less repeat investments, than reductions
Existing positions increased: 278 | Existing positions reduced: 300
27% less call options, than puts
Call options by funds: $264M | Put options by funds: $361M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
+$490M |
| 2 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$66.4M |
| 3 |
Los Angeles Capital Management
Los Angeles,
California
|
+$51.1M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$42.2M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$33.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$232M |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$125M |
| 3 |
BlackRock
New York
|
-$92.7M |
| 4 |
Capital International Investors
Los Angeles,
California
|
-$88M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$53.5M |
DRI Hedge Fund Activity: Q2 2023 in Review
854 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Darden Restaurants (DRI) for Q2 2023, worth a combined $19.1B — up 9.4% from $17.5B a quarter earlier.
Buyers outnumbered sellers: 95 funds opened new DRI positions and 73 closed out — a net gain of 22 holders — while 278 added to existing stakes and 300 trimmed.
The largest buyer was Capital World Investors, adding an estimated $490M. The largest seller was Envestnet Asset Management, cutting an estimated $232M.
- 854 institutional investors held Darden Restaurants (DRI) as of Q2 2023, up from 840 in Q1 2023.
- Funds reported $19.1B of Darden Restaurants stock for Q2 2023, up 9.4% quarter-over-quarter.
- 95 funds opened new Darden Restaurants positions in Q2 2023 and 73 closed out, a net change of +22 holders.
- The largest Darden Restaurants buyer in Q2 2023 was Capital World Investors, an estimated $490M added.
- The largest Darden Restaurants seller in Q2 2023 was Envestnet Asset Management, an estimated $232M sold.
Based on aggregated 13F filings for Q2 2023.