FLR ranks #1039 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
FLR is a top-conviction position for Brightline Capital Management, LLC — 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 FLR belongs to BlackRock, Inc., but the position matters far more to Brightline Capital Management, LLC, 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.
BlackRock has added to its FLR position for two straight quarters, increasing it by $194.5M to reach $1.0B today.
Starboard Value LP has trimmed its FLR position for two straight quarters, cutting it by $122.6M while still holding $83.1M.
FLR is up 0.6% today, and institutions have been net buyers of $817.7M this quarter — today's price move and the underlying institutional flow are pointing the same direction.