Hedge funds in "buy mode" for Walt Disney

As we already know, the hedge funds lost some of their capital in the fourth quarter of 2018. They accused macroeconomic conditions and unpredictable events affecting several sectors including the technology sector. However, most hedge fund managers have decided to stick to their bullish sentiment and recover their losses by the end of the first quarter of 2019.

One of the most traded stocks among hedge funds is Walt Disney. At this point, they are in a strong buy mode, and in recent months the number of longs has increased by 43%.

Let's see how their share were trading.

By the end of the first quarter, hedge funds were up for this share. The change from the fourth quarter of 2018 is by 61%. The graph below shows the number of DIS hedge funds in the last 15 quarters.

Among these funds, Point72 Asset Management holds the most valuable stake in The Walt Disney Company (DIS.US), which at the end of the first quarter was worth 1142.1 million dollars. Second is D1 Capital Partners, which raised shares worth $ 701.7 million. Moreover, Millennium Management, Yacktman Asset Management and Citadel Investment Group were also on the upside with The Walt Disney Company (DIS.US), distributing a large percentage of their portfolios to this share.

Let's also look at the activities of hedge funds in other shares similar to The Walt Disney Company (DIS.US). These shares are Oracle Corporation (ORCL.US), Comcast Corporation (CMCSA.US), PepsiCo, Inc. (PEP.US) and Toyota Motor Corporation (TM.US). The market values ​​of this group of shares are similar to the market value of DIS.

As you can see, these stocks had an average of 50 hedge funds with bullish positions and the average investment in these shares was $ 3982 million. This figure is $ 7046 million for Disney. Comcast Corporation (CMCSA.US) is the most popular company in this table. On the other hand, Toyota Motor Corporation (NYSE: TM) is the least popular with only 10 hedge funds with bullish positions. Compared to these shares, Walt Disney Company (DIS.US) is more popular among hedge funds.

Source: InsiderMonkey

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