HUBB ranks #469 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
HUBB is a top-conviction position for United Bank — at 17.5% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in HUBB belongs to BlackRock, Inc., but the position matters far more to United Bank, who has 17.5% 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.
Parnassus Investments, LLC has added to its HUBB position for two straight quarters, increasing it by $474.6M to reach $561.2M today.
Wellington Management Group LLP has trimmed its HUBB position for two straight quarters, cutting it by $711.8M while still holding $405.0M.
HUBB is down 2.3% today, but institutions show net buying of $12.0B this quarter — a divergence between today's price move and the underlying institutional flow.