WCC ranks #774 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
WCC is a top-conviction position for New South Capital Management Inc — at 7.8% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in WCC belongs to BlackRock, Inc., but the position matters far more to New South Capital Management Inc, who has 7.8% 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 WCC position for two straight quarters, increasing it by $1.1B to reach $3.1B today.
Allspring Global Investments Holdings, LLC has trimmed its WCC position for two straight quarters, cutting it by $251.7M while still holding $68.8M.
WCC is down 2.5% today, but institutions show net buying of $4.5B this quarter — a divergence between today's price move and the underlying institutional flow.