FBIN ranks #1092 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
FBIN is a disclosed holding of Bill Nygren (Harris Associates L.P.), one of the tracked superinvestors on AlphaSMO — it makes up 0.6% of that fund's own 13F portfolio.
FBIN is a top-conviction position for Garden Investment Management, L.P. — at 27.1% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in FBIN belongs to BlackRock, Inc., but the position matters far more to Garden Investment Management, L.P., who has 27.1% 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.
Pictet Asset Management Holding SA has added to its FBIN position for two straight quarters, increasing it by $151.5M to reach $375.7M today.
Select Equity Group, L.P. has trimmed its FBIN position for two straight quarters, cutting it by $109.9M while still holding $33.0M.
FBIN is up 0.3% today, and institutions have been net buyers of $807.0M this quarter — today's price move and the underlying institutional flow are pointing the same direction.