WAT ranks #364 out of 37696 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
WAT is a top-conviction position for Fundsmith Investment Services LTD. — at 7.0% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in WAT belongs to BlackRock, Inc., but the position matters far more to Fundsmith Investment Services LTD., who has 7.0% 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.
Assenagon Asset Management S.A. has added to its WAT position for two straight quarters, increasing it by $29.1M to reach $61.6M today.
Fort Washington Investment Advisors Inc /oh/ has trimmed its WAT position for two straight quarters, cutting it by $11.6M while still holding $326.5K.
WAT is down 1.6% today, but institutions show net buying of $14.6B this quarter — a divergence between today's price move and the underlying institutional flow.