Sienna Gestion Invests
Sienna Gestion Significantly Boosts Stakes in Capital One, Disney, Verizon, and Other Major US Companies
Key Points
For Capital One Financial (COF), institutional ownership was reported at 89.84%, and several other funds also increased positions during the quarter—e.g., Tompkins Financial Corp (+4.3%, to 977 shares) and Dogwood Wealth Management LLC (+26.0%, to 228 shares).
In Goldman Sachs (GS), Chief Accounting Officer Sheara J. Fredman sold 10,301 shares at an average price of $929.17, for about $9.57 million total; the sale was described as a 61.91% decrease in her holdings, after which she directly owned 6,338 shares valued at about $5.89 million.
Walt Disney (DIS) saw notable analyst rating changes: Phillip Securities upgraded from “moderate buy” to “strong-buy,” while Weiss Ratings cut from “hold (c+)” to “hold (c)”; Raymond James upgraded from “market perform” to “outperform” and set a $115.00 target price.
Verizon (VZ) attracted large institutional buying beyond Sienna Gestion—Norges Bank bought a new stake valued at approximately $2.357 billion, and Bank of New York Mellon increased its position by 31.2% to 31,584,162 shares (valued at about $1.29 billion).
Phillips 66 (PSX) also had insider activity: Director Kevin Omar Meyers bought 175 shares at an average cost of $173.12 (about $30,296 total), increasing his position by 1.05% to 16,799 shares.
French investment firm Sienna Gestion made a major push into U.S. stocks in the fourth quarter, boosting its Capital One Financial stake to roughly 55,000 shares worth about $13.4 million. The firm also added to positions in Goldman Sachs, Verizon, and Walt Disney — while buying into Phillips 66 for the first time, according to Ticker Report.
The moves are part of a broader pattern of European asset managers loading up on U.S. blue-chip stocks. Analysts say the buying signals confidence in American consumers and a "flight to quality" ahead of a potentially volatile 2026-2027 economic window.
Sienna Gestion's Biggest Bets on U.S. Financials
Sienna Gestion's largest single move was in Capital One Financial. The firm now holds about 55,000 shares worth $13.4 million, according to Watchlist News. Institutional ownership of Capital One sits at 89.84% — meaning the stock is almost entirely in the hands of large funds. Other firms also added shares during the quarter, including Tompkins Financial Corp, which raised its stake by 4.3% to 977 shares.
The firm also raised its Goldman Sachs holding by 28.2%, buying 2,182 new shares to reach a total of about 9,900 shares worth $8.7 million, per Ticker Report. The timing is notable. Goldman shares have hit historic highs, and Sienna Gestion was buying at the same time a top Goldman insider was selling.
Goldman Sachs Insider Sells $9.57 Million at Peak Price
While Sienna Gestion was adding Goldman shares, Chief Accounting Officer Sheara J. Fredman was heading for the exit. She sold 10,301 shares at an average price of $929.17 each — totaling about $9.57 million. That cut her direct holdings by 61.9%, leaving her with just 6,338 shares worth roughly $5.89 million.
Analysts at CNBC noted the contrast. "When the person who signs the books sells 60% of their stake, the market takes notice, regardless of the share price," one senior equity analyst said. At $929 per share, Goldman stock is near an all-time high — so some view the sale as standard profit-taking rather than a warning sign.
Norges Bank and BNY Mellon Pour Billions into Verizon
Sienna Gestion raised its Verizon stake by 4.8% to about 310,800 shares worth $12.6 million. But that looks small compared to what sovereign and institutional giants did. Norway's Norges Bank opened a brand-new position worth approximately $2.357 billion. Bank of New York Mellon raised its stake by 31.2%, bringing its total to 31.58 million shares worth about $1.29 billion, according to Ticker Report.
Bloomberg Intelligence analysts say Norges Bank's massive buy signals that Verizon's 5G infrastructure is now delivering the steady dividends that sovereign wealth funds want. This is less a growth bet and more a "yield-chasing" move — locking in reliable income in a shaky market.
Disney Ratings Split and Phillips 66 Insider Buying
Sienna Gestion took a new $1.27 million stake in Walt Disney, buying about 11,100 shares. Analysts are divided on the stock. Phillip Securities upgraded Disney to "strong buy." Raymond James upgraded it to "outperform" and set a $115.00 price target. But Weiss Ratings cut its rating from "hold (C+)" to "hold (C)," pointing to uneven domestic box office results, per Watchlist News.
In energy, Sienna Gestion bought about 10,200 shares of Phillips 66 worth around $1.32 million — a brand-new position for the firm, per Ticker Report. Phillips 66 Director Kevin Omar Meyers also bought in, picking up 175 shares at $173.12 each — roughly $30,296 total. The purchase raised his holdings by 1.05% to 16,799 shares, a small but symbolic move that analysts often read as insider confidence.
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