The Walt Disney Company is a globally diversified entertainment conglomerate, consisting of five main business segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products, and Interactive.
The company's significant assets include a 51% ownership interest in Disneyland Paris, a 40% equity interest in Euro Disney S.C.A., and a 48% stake in Hong Kong Disneyland Resort through Hongkong International Theme Parks Limited. Notably, in 2012, Disney sold its 50% equity interest in ESPN STAR Sports (ESS) and acquired Lucasfilm Ltd. LLC.
The forthcoming report utilizes data sourced from Radient Analytics. Let's delve into key changes that happened for Walt Disney Company, breaking down the 13F filings of its top buys and sells.
In a notable development, the top buyers of The Walt Disney Company, strictly involving hedge funds, have seen notable fluctuations in their respective holdings and values as of March 2023.
Leading the pack, Vanguard Group Inc. has seen a modest increase of 1.24% in shares, with its current holding valued at $14.83 billion, a 16.68% increase in value. Closely following is BlackRock Inc., whose share percentage experienced a slight bump of 0.68%, leading to a current value of $12.16 billion, reflecting a 16.04% increase in value.
New on the list is Trivant Custom Portfolio Group, LLC, with their recent acquisition totaling $2.11 billion. Similarly, Wellington Management Group LLP took a significant leap, with a 50.88% increase in shares, propelling the current value to $1.28 billion, a 73.9% increase.
Geode Capital Management, LLC has seen a slight 2.11% increase in shares, taking their current value to $3.25 billion, a 17.62% change in value.
In a surprising surge, Coatue Management LLC recorded an increase of 1,907.34% in shares, resulting in their current value standing at $295.38 million, a 2,213.47% surge in value.
The Royal Bank of Canada noted a 6.13% uptick in shares, bringing their current value to $1.45 billion, a 22.32% increase. Similarly, Amundi observed a 26.66% increase in shares, placing their current value at $1.05 billion, a 31.37% increase in value.
Nuveen Asset Management experienced a 4.85% increase in shares, with their current value now standing at $1.12 billion, reflecting a 20.84% increase in value. Lastly, Goldman Sachs Group Inc. has seen a 5.42% increase in shares, with the current value standing at $906.26 million, a 21.5% increase in value.
In March 2023, the Walt Disney Company observed notable shifts in its hedge fund shareholder base.
Assenagon Asset Management S.A. trimmed its Disney stake by 62.16%, with current holdings worth $136.9M, marking a 56.39% fall. JPMorgan Chase & Co also cut back its holdings by 27.74%, bringing its current value to $639.2M, a 16.72% decrease.
The hedge funds Third Point LLC and Qube Research & Technologies Ltd sold off their Disney shares entirely, pointing towards major strategy shifts.
Candriam Luxembourg S.C.A. reduced its stake by 32.51%, to a value of $65.6M, a 28.40% decrease. Dorsal Capital Management, LLC, decreased its Disney stake by 37.50%, resulting in a value of $50.1M, a 27.97% drop.
Clearbridge Investments, LLC, lessened its stake by 18.58%, leaving the remaining holdings at $283.2M, a 6.16% decrease.
Banque Pictet & Cie SA significantly decreased its Disney stake by 60.25%, lowering its investment value to $15.0M, a 54.19% decline. PineBridge Investments, LP marked the highest share reduction among hedge funds at 66.61%, dropping its holdings' value to $8.8M, a 61.52% decrease.