OI ranks #2042 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
OI is a top-conviction position for Luminus Management LLC — at 11.7% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in OI belongs to BlackRock, Inc., but the position matters far more to Luminus Management LLC, who has 11.7% 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.
UBS Group AG has added to its OI position for two straight quarters, increasing it by $31.5M to reach $44.0M today.
BlackRock has trimmed its OI position for two straight quarters, cutting it by $106.6M while still holding $225.7M.
OI is down 3.4% today, but institutions show net buying of $148.5M this quarter — a divergence between today's price move and the underlying institutional flow.