IT ranks #845 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
IT is a disclosed holding of Cliff Asness (AQR Capital Management), one of the tracked superinvestors on AlphaSMO — it makes up 0.2% of that fund's own 13F portfolio.
652 institutions disclose a position in IT, but none treat it as a major bet — even Independent Franchise Partners LLP, its most concentrated holder, allocates just 4.8% of its own portfolio to it.
Two Sigma Investments, LP has added to its IT position for two straight quarters, increasing it by $199.4M to reach $276.5M today.
BlackRock has trimmed its IT position for two straight quarters, cutting it by $1.1B while still holding $676.2M.
IT is down 1.4% today, but institutions show net buying of $1.5B this quarter — a divergence between today's price move and the underlying institutional flow.