BMY ranks #85 out of 37696 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
BMY is a top-conviction position for Independent Franchise Partners LLP — at 8.2% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in BMY belongs to BlackRock, Inc., but the position matters far more to Independent Franchise Partners LLP, who has 8.2% 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.
Wealth Enhancement Advisory Services, LLC has added to its BMY position for two straight quarters, increasing it by $24.4M to reach $104.2M today.
Fort Washington Investment Advisors Inc /oh/ has trimmed its BMY position for two straight quarters, cutting it by $50.9M while still holding $107.1M.
BMY is down 1.4% today, but institutions show net buying of $17.1B this quarter — a divergence between today's price move and the underlying institutional flow.