Institutional Investors Feeling the Magic of Disney

06 Jun

Institutional Investors Feeling the Magic of Disney

With a catalogue of iconic hits behind it and more potential hits in the pipeline, the fall 2019 launch of Disney Plus aiming to maximize streaming revenue from all that content and the boost the theme park division will get with the addition of the Star Wars themed Galaxy’s Edge at Disney parks in Anaheim, Calif., and Orlando, Fla., the Walt Disney Company is on a roll. And institutional asset managers and investors are taking notice.

The Walt Disney Company moved onto the Top 20 list of most widely held U.S. companies in Q1 2019, according to the just-released eVestment Institutional Stock Ownership Report covering the first quarter of this year. Disney moved up three spots compared to 4Q 2018 to get into the U.S. company Top 20 and has moved up 13 spots on that list since the first quarter of last year. This is the first time since eVestment began issuing this report that Disney has made the Top 20 U.S. companies list.

The quarterly eVestment Institutional Stock Ownership Report utilizes long-only active equity strategies’ portfolio holdings data reported to eVestment by active managers around the world. The report includes a look at global institutional stock ownership trends as well as ownership of stocks from firms based in the United States, the United Kingdom, Germany, Japan and Emerging Markets.

Other interesting points from the new report include:

  • Visa has made a steady climb on the global list of most widely held stocks since 1Q 2018, when it ranked as the No. 9 most widely-held stock, to No. 5 last quarter and then moving up one more slot to No. 4 in Q1 2019. Visa knocked J.P. Morgan Chase from the No. 4 spot, pushing the banking and financial services company down to No. 5 on the global list (page 3).
  • On the list of most widely held German company stocks, airline Lufthansa moved onto the German Top 20 list at No. 18 and German aircraft engine company MTU Aero Engines moved onto the German Top 20 list at No. 19. Those two firms knocked German internet technology and financial services firm Wirecard and automaker Volkswagen out of the Top 20 in Q1 2019 compared to Q4 2018 (page 6).
  • Japan’s Takeda Pharmaceutical made the biggest leap on the list of most widely held Japanese stocks, landing at No. 8 in Q4 2019. The firm moved up 13 spots compared to the prior quarter and up 47 spots compared to the same quarter last year (page 7).

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