Essential Utilities
WTRG
593 hedge funds and large institutions have $7.9B invested in Essential Utilities in 2024 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 234 increasing their positions, 197 reducing their positions, and 67 closing their positions.
19% more repeat investments, than reductions
Existing positions increased: 234 | Existing positions reduced: 197
1.9% more ownership
Funds ownership: 76.16% → 78.06% (+1.9%)
2% more capital invested
Capital invested by funds: $7.77B → $7.9B (+$132M)
5% less funds holding
Funds holding: 621 → 593 (-28)
31% less first-time investments, than exits
New positions opened: 46 | Existing positions closed: 67
49% less call options, than puts
Call options by funds: $2.5M | Put options by funds: $4.87M
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$353M |
| 2 |
Nordea Investment Management
Stockholm,
Sweden
|
+$123M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$90.3M |
| 4 |
EIP
Epoch Investment Partners
New York
|
+$45.3M |
| 5 |
California Public Employees Retirement System
Sacramento,
California
|
+$29.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$152M |
| 2 |
Cohen & Steers
New York
|
-$55.8M |
| 3 |
Amundi
Paris,
France
|
-$53.3M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$41.8M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
-$32.6M |
WTRG Hedge Fund Activity: Q1 2024 in Review
593 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Essential Utilities (WTRG) for Q1 2024, worth a combined $7.9B — up 1.7% from $7.77B a quarter earlier.
Sellers outnumbered buyers: 67 funds closed out of WTRG and 46 opened new positions — a net loss of 21 holders — while 197 trimmed existing stakes and 234 added.
The largest buyer was T. Rowe Price Investment Management, adding an estimated $353M. The largest seller was Morgan Stanley, cutting an estimated $152M.
- 593 institutional investors held Essential Utilities (WTRG) as of Q1 2024, down from 621 in Q4 2023.
- Funds reported $7.9B of Essential Utilities stock for Q1 2024, up 1.7% quarter-over-quarter.
- 46 funds opened new Essential Utilities positions in Q1 2024 and 67 closed out, a net change of -21 holders.
- The largest Essential Utilities buyer in Q1 2024 was T. Rowe Price Investment Management, an estimated $353M added.
- The largest Essential Utilities seller in Q1 2024 was Morgan Stanley, an estimated $152M sold.
Based on aggregated 13F filings for Q1 2024.