ABSI ranks #3010 out of 37503 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
ABSI is a disclosed holding of Cathie Wood (ARK Investment Management), one of the tracked superinvestors on AlphaSMO — it makes up 1.0% of that fund's own 13F portfolio.
ABSI is a top-conviction position for Gem Investment Advisors, LLC — at 15.4% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in ABSI belongs to FMR LLC, but the position matters far more to Gem Investment Advisors, LLC, who has 15.4% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.
State Street has added to its ABSI position for two straight quarters, increasing it by $72.9M to reach $93.8M today.
Pier 88 Investment Partners LLC has trimmed its ABSI position for two straight quarters, cutting it by $225.7K while still holding $492.6K.
ABSI is down 0.5% today, but institutions show net buying of $440.3M this quarter — a divergence between today's price move and the underlying institutional flow.