JNJ ranks #1 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
JNJ is a top-conviction position for State Farm Mutual Automobile Insurance Co — at 5.5% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in JNJ belongs to BlackRock, Inc., but the position matters far more to State Farm Mutual Automobile Insurance Co, who has 5.5% 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.
BlackRock has added to its JNJ position for two straight quarters, increasing it by $12.5B to reach $61.8B today.
Franklin Resources Inc has trimmed its JNJ position for two straight quarters, cutting it by $1.1B while still holding $3.9B.
JNJ is up 2% today, and institutions have been net buyers of $185.1B this quarter — today's price move and the underlying institutional flow are pointing the same direction.