Otis Worldwide
OTIS
1,099 hedge funds and large institutions have $30.9B invested in Otis Worldwide in 2023 Q1 according to their latest regulatory filings, with 91 funds opening new positions, 344 increasing their positions, 435 reducing their positions, and 70 closing their positions.
30% more first-time investments, than exits
New positions opened: 91 | Existing positions closed: 70
12.16% more ownership
Funds ownership: 85.22% → 97.38% (+12%)
12% more capital invested
Capital invested by funds: $27.6B → $30.9B (+$3.3B)
1% less funds holding
Funds holding: 1,105 → 1,099 (-6)
13% less funds holding in top 10
Funds holding in top 10: 16 → 14 (-2)
21% less call options, than puts
Call options by funds: $214M | Put options by funds: $270M
21% less repeat investments, than reductions
Existing positions increased: 344 | Existing positions reduced: 435
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SP
Sarasin & Partners
London,
United Kingdom
|
+$274M |
| 2 |
PAM
PineStone Asset Management
Montreal,
Quebec, Canada
|
+$122M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
+$80.7M |
| 4 |
Goldman Sachs
New York
|
+$79.7M |
| 5 |
Schroder Investment Management Group
London,
United Kingdom
|
+$69M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Suvretta Capital Management
New York
|
-$102M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$71.1M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
-$57.9M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
-$43.7M |
| 5 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
-$40.3M |
OTIS Hedge Fund Activity: Q1 2023 in Review
1,099 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Otis Worldwide (OTIS) for Q1 2023, worth a combined $30.9B — up 12% from $27.6B a quarter earlier.
Buyers outnumbered sellers: 91 funds opened new OTIS positions and 70 closed out — a net gain of 21 holders — while 344 added to existing stakes and 435 trimmed.
The largest buyer was Sarasin & Partners, adding an estimated $274M. The largest seller was Suvretta Capital Management, exiting entirely with an estimated $102M sold.
- 1,099 institutional investors held Otis Worldwide (OTIS) as of Q1 2023, down from 1,105 in Q4 2022.
- Funds reported $30.9B of Otis Worldwide stock for Q1 2023, up 12% quarter-over-quarter.
- 91 funds opened new Otis Worldwide positions in Q1 2023 and 70 closed out, a net change of +21 holders.
- The largest Otis Worldwide buyer in Q1 2023 was Sarasin & Partners, an estimated $274M added.
- The largest Otis Worldwide seller in Q1 2023 was Suvretta Capital Management, an estimated $102M sold.
Based on aggregated 13F filings for Q1 2023.