Pension Fund Shifts
NYS Teachers Retirement System Actively Adjusts Q1 Holdings in Deere, Southern, and Disney
Key Points
Deere & Company drew additional buying from other institutions beyond NYS Teachers Retirement System, including Fjarde AP Fonden Fourth Swedish National Pension Fund increasing to 61,436 shares (up 58.9% with a $34.61 million value), Elevation Point Wealth Partners LLC rising to 5,336 shares (up 173.8% for about $3.01 million), Sierra Summit Advisors LLC opening a new Deere position worth about $13.10 million, and Y Intercept Hong Kong Ltd initiating a new stake worth about $1.71 million.
The Deere position shows a high level of institutional ownership, with 68.58% of the stock currently held by hedge funds and other institutional investors.
Southern Company: NYS Teachers Retirement System increased its stake by 10.5% to 864,770 shares (adding 82,300) for about $83.47 million; the holding represents roughly 0.08% of Southern, and hedge funds/institutional investors own about 64.10% of the company.
Disney remains a focal point for large-institution activity: NYS Teachers increased Disney to 1,448,017 shares (adding 9,877); other major funds expanded or established positions, including J. Stern & Co. LLP at 38,135,363 shares, Norges Bank opening a new position, Viking Global Investors initiating a stake, Price T Rowe Associates MD at 13,876,878 shares, and Arrowstreet Capital at 12,569,185 shares; overall institutional ownership sits around 65.71%.
Comcast: NYS Teachers Retirement System trimmed its stake by 3.3% to 3,192,681 shares (selling 108,969); the stock is about 84.32% owned by institutional investors, with notable analyst activity surrounding Comcast including Evercore raising its price target to $36 and Rosenblatt Securities upgrading the stock.
New York State Teachers Retirement System made a wave of notable portfolio moves in the first quarter, buying more shares of Deere & Company, Southern Company, and Walt Disney while cutting its Comcast position, according to Watchlist News and Ticker Report.
The pension fund's Deere stake climbed 0.7% to 188,232 shares, valued at roughly $106 million. Its Southern Company holding jumped 10.5% to 864,770 shares, worth about $83.5 million. Disney edged up to 1,448,017 shares at around $139.56 million. Meanwhile, the fund trimmed Comcast by 3.3% to 3,192,681 shares, valued near $91.66 million.
Deere Draws Heavy Buying From Big Institutions
NYS Teachers was not alone in adding Deere shares. Fjarde AP Fonden, Sweden's Fourth National Pension Fund, raised its stake by 58.9% to 61,436 shares, worth about $34.61 million, according to Watchlist News. Sierra Summit Advisors opened a brand-new Deere position worth roughly $13.10 million. Y Intercept Hong Kong Ltd also initiated a new stake, valued near $1.71 million.
Elevation Point Wealth Partners LLC nearly tripled its Deere holding, up 173.8% to 5,336 shares worth about $3.01 million. Taken together, these moves point to broad institutional confidence in the farm equipment giant. About 68.58% of Deere's total shares are now held by hedge funds and other large institutions.
Southern Company Stake Grows by Over 82,000 Shares
NYS Teachers added 82,300 shares of Southern Company in Q1, pushing its total to 864,770 shares worth roughly $83.47 million, per Watchlist News. That holding equals about 0.08% of the entire utility company. Institutional investors as a whole own about 64.10% of Southern, a sign of steady demand from large funds in the utilities sector.
Disney Remains a Top Target for Major Fund Managers
NYS Teachers added 9,877 Disney shares to reach 1,448,017 total, valued at about $139.56 million, according to Ticker Report. But the real headline is the scale of other institutional activity. J. Stern & Co. LLP reported holding 38,135,363 Disney shares. Price T. Rowe Associates sat at 13,876,878 shares. Arrowstreet Capital held 12,569,185 shares.
Norges Bank and Viking Global Investors each opened brand-new Disney positions in the quarter. Overall, institutions own about 65.71% of Disney. The wave of buying suggests large money managers see value in the entertainment giant despite its ongoing streaming and theme park pressures.
Comcast Cut as Analysts Raise Price Targets
NYS Teachers sold 108,969 Comcast shares in Q1, trimming its stake to 3,192,681 shares worth about $91.66 million, per Watchlist News. Despite the sell-off, Wall Street analysts grew more upbeat on the stock. Evercore raised its price target on Comcast to $36. Rosenblatt Securities went further, upgrading the stock outright.
Institutional investors overall own about 84.32% of Comcast, the highest ownership rate among the four stocks covered in these filings. That heavy institutional presence means large fund moves — even small percentage trims — can translate into millions of dollars in sold shares.
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