FDX ranks #148 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
FDX is a top-conviction position for Waddell & Associates, LLC — at 21.2% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in FDX belongs to BlackRock, Inc., but the position matters far more to Waddell & Associates, LLC, who has 21.2% 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.
Jane Street Group, LLC has added to its FDX position for two straight quarters, increasing it by $1.2B to reach $1.5B today.
Dodge & Cox has trimmed its FDX position for two straight quarters, cutting it by $2.2B while still holding $2.3B.
FDX is down 0.8% today, but institutions show net buying of $22.8B this quarter — a divergence between today's price move and the underlying institutional flow.