WABC ranks #2832 out of 37503 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
WABC is a top-conviction position for Rhino Investment Partners, Inc — at 5.8% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in WABC belongs to BlackRock, Inc., but the position matters far more to Rhino Investment Partners, Inc, who has 5.8% 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 WABC position for two straight quarters, increasing it by $28.3M to reach $195.7M today.
UBS Group AG has trimmed its WABC position for two straight quarters, cutting it by $14.1M while still holding $7.8M.
WABC is up 1.3% today, and institutions have been net buyers of $140.1M this quarter — today's price move and the underlying institutional flow are pointing the same direction.