WMG ranks #1860 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
WMG is a top-conviction position for Darlington Partners Capital Management, LP — at 8.0% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in WMG belongs to Independent Franchise Partners LLP, but the position matters far more to Darlington Partners Capital Management, LP, who has 8.0% 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.
Jane Street Group, LLC has added to its WMG position for two straight quarters, increasing it by $130.7M to reach $156.6M today.
JPMorgan has trimmed its WMG position for two straight quarters, cutting it by $212.8M while still holding $297.7M.
WMG is up 0.6% today, and institutions have been net buyers of $300.8M this quarter — today's price move and the underlying institutional flow are pointing the same direction.