FND ranks #1254 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
FND is a top-conviction position for Worldly Partners Management, LLC — at 66.5% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in FND belongs to FMR LLC, but the position matters far more to Worldly Partners Management, LLC, who has 66.5% 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.
Fidelity has added to its FND position for two straight quarters, increasing it by $390.1M to reach $876.3M today.
Morgan Stanley has trimmed its FND position for two straight quarters, cutting it by $244.1M while still holding $67.7M.
FND is up 0.4% today, and institutions have been net buyers of $565.4M this quarter — today's price move and the underlying institutional flow are pointing the same direction.