Darden Restaurants
848 hedge funds and large institutions have $16.2B invested in Darden Restaurants in 2023 Q3 according to their latest regulatory filings, with 90 funds opening new positions, 280 increasing their positions, 301 reducing their positions, and 82 closing their positions.
10% more first-time investments, than exits
New positions opened: 90 | Existing positions closed: 82
1% less funds holding
Funds holding: 854 → 848 (-6)
0.84% less ownership
Funds ownership: 94.63% → 93.78% (-0.84%)
7% less repeat investments, than reductions
Existing positions increased: 280 | Existing positions reduced: 301
15% less capital invested
Capital invested by funds: $19.1B → $16.2B (-$2.85B)
18% less call options, than puts
Call options by funds: $305M | Put options by funds: $371M
30% less funds holding in top 10
Funds holding in top 10: 10 → 7 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Steadfast Capital Management
New York
|
+$101M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$66.4M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$54M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$37.5M |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$36.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
-$118M |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$53.7M |
| 3 |
Capital International Investors
Los Angeles,
California
|
-$46M |
| 4 |
Voloridge Investment Management
Jupiter,
Florida
|
-$41.6M |
| 5 |
Squarepoint
New York
|
-$36.8M |
DRI Hedge Fund Activity: Q3 2023 in Review
848 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Darden Restaurants (DRI) for Q3 2023, worth a combined $16.2B — down 15% from $19.1B a quarter earlier.
Buyers outnumbered sellers: 90 funds opened new DRI positions and 82 closed out — a net gain of 8 holders — while 280 added to existing stakes and 301 trimmed.
The largest buyer was Steadfast Capital Management, opening a new position worth an estimated $101M. The largest seller was State Street, cutting an estimated $118M.
- 848 institutional investors held Darden Restaurants (DRI) as of Q3 2023, down from 854 in Q2 2023.
- Funds reported $16.2B of Darden Restaurants stock for Q3 2023, down 15% quarter-over-quarter.
- 90 funds opened new Darden Restaurants positions in Q3 2023 and 82 closed out, a net change of +8 holders.
- The largest Darden Restaurants buyer in Q3 2023 was Steadfast Capital Management, an estimated $101M added.
- The largest Darden Restaurants seller in Q3 2023 was State Street, an estimated $118M sold.
Based on aggregated 13F filings for Q3 2023.