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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.

New
Increased
Maintained
Reduced
Closed

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: 56 (+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: 482491 (+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

Holders
491
Holders Change
+9
Holders Change %
+1.87%
% of All Funds
14.25%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.17%
New
71
Increased
165
Reduced
185
Closed
61
Calls
$178M
Puts
$130M
Net Calls
+$47.9M
Net Calls Change
-$35.4M
Name Holding Trade Value Shares
Change
Change in
Stake
Capital Research Global Investors
1
Capital Research Global Investors
California
$784M -$79.8M -1,724,127 -10%
Vanguard Group
2
Vanguard Group
Pennsylvania
$474M +$10.5M +226,134 +2%
SV
3
Starboard Value
New York
$394M +$375M +8,110,527 New
State Street
4
State Street
Massachusetts
$301M +$8.45M +182,695 +3%
Capital International Investors
5
Capital International Investors
California
$285M +$145M +3,138,151 +115%
BFA
6
BlackRock Fund Advisors
California
$258M +$20.9M +451,378 +9%
BIT
7
BlackRock Institutional Trust
California
$184M -$1.95M -42,096 -1%
Bank of New York Mellon
8
Bank of New York Mellon
New York
$124M +$962K +20,781 +0.8%
RRAM
9
River Road Asset Management
Kentucky
$115M +$9.88M +213,530 +10%
Northern Trust
10
Northern Trust
Illinois
$114M -$298K -6,450 -0.3%
TCIM
11
TIAA CREF Investment Management
New York
$109M +$85.3M +1,842,640 +466%
WCM
12
Wedge Capital Management
North Carolina
$97.1M +$7.9M +170,825 +9%
TCM
13
Tiger Consumer Management
New York
$95.4M +$90.8M +1,962,960 New
Bank of America
14
Bank of America
North Carolina
$91.8M +$1.49M +32,246 +2%
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$91.4M +$1.05M +22,712 +1%
EARNEST Partners
16
EARNEST Partners
Georgia
$73.4M +$69.9M +1,510,337 New
Millennium Management
17
Millennium Management
New York
$72.5M
Invesco
18
Invesco
Georgia
$62.9M +$48.5M +1,047,555 +426%
Citadel Advisors
19
Citadel Advisors
Florida
$61.7M +$58.7M +1,268,106 +110,079%
Wells Fargo
20
Wells Fargo
California
$59.2M -$2.7M -58,401 -5%
Fidelity Investments
21
Fidelity Investments
Massachusetts
$57.7M -$33.6M -725,876 -38%
JP Morgan Chase
22
JP Morgan Chase
New York
$54.5M -$51.7M -1,116,542 -50%
Norges Bank
23
Norges Bank
Norway
$53.1M -$5.43M -117,254 -10%
Geode Capital Management
24
Geode Capital Management
Massachusetts
$52.7M +$3.03M +65,495 +6%
BG
25
BlackRock Group
United Kingdom
$50.3M -$3.08M -66,471 -6%

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.