XYZ ranks #418 out of 37696 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
XYZ is a top-conviction position for Contour Asset Management LLC — at 14.8% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in XYZ belongs to BlackRock, Inc., but the position matters far more to Contour Asset Management LLC, who has 14.8% 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.
Assenagon Asset Management S.A. has added to its XYZ position for two straight quarters, increasing it by $64.9M to reach $76.8M today.
Independent Financial Group, LLC has trimmed its XYZ position for two straight quarters, cutting it by $250.0K while still holding $251.8K.
XYZ is up 2.7% today, and institutions have been net buyers of $5.3B this quarter — today's price move and the underlying institutional flow are pointing the same direction.