Darden Restaurants
647 hedge funds and large institutions have $12.6B invested in Darden Restaurants in 2018 Q3 according to their latest regulatory filings, with 72 funds opening new positions, 201 increasing their positions, 245 reducing their positions, and 56 closing their positions.
29% more first-time investments, than exits
New positions opened: 72 | Existing positions closed: 56
1% more funds holding
Funds holding: 640 → 647 (+7)
5% more capital invested
Capital invested by funds: $12B → $12.6B (+$578M)
1% more call options, than puts
Call options by funds: $140M | Put options by funds: $139M
0.2% more ownership
Funds ownership: 90.81% → 91.02% (+0.2%)
18% less repeat investments, than reductions
Existing positions increased: 201 | Existing positions reduced: 245
43% less funds holding in top 10
Funds holding in top 10: 7 → 4 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$457M |
| 2 |
BlackRock
New York
|
+$194M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$75.9M |
| 4 |
Two Sigma Advisers
New York
|
+$60.5M |
| 5 |
Two Sigma Investments
New York
|
+$28.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$115M |
| 2 |
Millennium Management
New York
|
-$107M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$95.1M |
| 4 |
HMP
HS Management Partners
New York
|
-$92.2M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$73M |
DRI Hedge Fund Activity: Q3 2018 in Review
647 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Darden Restaurants (DRI) for Q3 2018, worth a combined $12.6B — up 4.8% from $12B a quarter earlier.
Buyers outnumbered sellers: 72 funds opened new DRI positions and 56 closed out — a net gain of 16 holders — while 201 added to existing stakes and 245 trimmed.
The largest buyer was Bank of America, adding an estimated $457M. The largest seller was Victory Capital Management, cutting an estimated $115M.
- 647 institutional investors held Darden Restaurants (DRI) as of Q3 2018, up from 640 in Q2 2018.
- Funds reported $12.6B of Darden Restaurants stock for Q3 2018, up 4.8% quarter-over-quarter.
- 72 funds opened new Darden Restaurants positions in Q3 2018 and 56 closed out, a net change of +16 holders.
- The largest Darden Restaurants buyer in Q3 2018 was Bank of America, an estimated $457M added.
- The largest Darden Restaurants seller in Q3 2018 was Victory Capital Management, an estimated $115M sold.
Based on aggregated 13F filings for Q3 2018.