As we already know from media reports and hedge fund investor letters, many hedge funds lost money in fourth quarter, blaming macroeconomic conditions and unpredictable events that hit several sectors, with technology among them. Nevertheless, most hedge fund managers decided to stick to their bullish theses and recouped their losses by the end of the first quarter. We get to see hedge funds’ thoughts towards the market and individual stocks by aggregating their quarterly portfolio movements and reading their investor letters. In this article, we will particularly take a look at what hedge funds think about The Walt Disney Company (NYSE:DIS).
Is The Walt Disney Company (NYSE:DIS) a healthy stock for your portfolio? Hedge funds are in an extremely bullish mood. The number of long hedge fund bets rose by 43 in recent months. Our calculations also showed that DIS isn’t among the 30 most popular stocks among hedge funds. DIS was in 114 hedge funds’ portfolios at the end of March. There were 71 hedge funds in our database with DIS holdings at the end of the previous quarter.
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Let’s view the key hedge fund action regarding The Walt Disney Company (NYSE:DIS).
How have hedgies been trading The Walt Disney Company (NYSE:DIS)?
At Q1’s end, a total of 114 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 61% from the fourth quarter of 2018. The graph