Darden Restaurants
491 hedge funds and large institutions have $5.93B invested in Darden Restaurants in 2013 Q4 according to their latest regulatory filings, with 71 funds opening new positions, 165 increasing their positions, 185 reducing their positions, and 61 closing their positions.
37% more call options, than puts
Call options by funds: $178M | Put options by funds: $130M
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
16% more first-time investments, than exits
New positions opened: 71 | Existing positions closed: 61
6.98% more ownership
Funds ownership: 86.99% → 93.97% (+7%)
2% more funds holding
Funds holding: 482 → 491 (+9)
10% less capital invested
Capital invested by funds: $6.56B → $5.93B (-$634M)
11% less repeat investments, than reductions
Existing positions increased: 165 | Existing positions reduced: 185
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SV
Starboard Value
New York
|
+$375M |
| 2 |
Capital International Investors
Los Angeles,
California
|
+$145M |
| 3 |
TCM
Tiger Consumer Management
New York
|
+$90.8M |
| 4 |
TCIM
TIAA CREF Investment Management
New York
|
+$85.3M |
| 5 |
EARNEST Partners
Atlanta,
Georgia
|
+$69.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CI
Cambiar Investors
Denver,
Colorado
|
-$90.8M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$79.8M |
| 3 |
Nordea Investment Management
Stockholm,
Sweden
|
-$55.8M |
| 4 |
JP Morgan Chase
New York
|
-$51.7M |
| 5 |
AII
AGF Investments Inc
Toronto,
Ontario, Canada
|
-$46M |
DRI Hedge Fund Activity: Q4 2013 in Review
491 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Darden Restaurants (DRI) for Q4 2013, worth a combined $5.93B — down 9.7% from $6.56B a quarter earlier.
Buyers outnumbered sellers: 71 funds opened new DRI positions and 61 closed out — a net gain of 10 holders — while 165 added to existing stakes and 185 trimmed.
The largest buyer was Starboard Value, opening a new position worth an estimated $375M. The largest seller was Cambiar Investors, exiting entirely with an estimated $90.8M sold.
- 491 institutional investors held Darden Restaurants (DRI) as of Q4 2013, up from 482 in Q3 2013.
- Funds reported $5.93B of Darden Restaurants stock for Q4 2013, down 9.7% quarter-over-quarter.
- 71 funds opened new Darden Restaurants positions in Q4 2013 and 61 closed out, a net change of +10 holders.
- The largest Darden Restaurants buyer in Q4 2013 was Starboard Value, an estimated $375M added.
- The largest Darden Restaurants seller in Q4 2013 was Cambiar Investors, an estimated $90.8M sold.
Based on aggregated 13F filings for Q4 2013.