Busy Walgreens Boots Alliance Inc (WBA) Beats On Q3 Profits, Raises Outlook, Names New CEO

How have hedgies been trading Walgreens Boots Alliance Inc (NASDAQ:WBA)?

According to hedge fund intelligence website Insider Monkey, Andreas Halvorsen‘s Viking Global had the biggest position in Walgreens Boots Alliance Inc (NASDAQ:WBA): 14.6 million shares worth close to $1.24 billion, comprising 4.8% of its total 13F portfolio. Sitting in the second spot was JANA Partners, managed by Barry Rosenstein, which held a $1.16 billion position of 13.75 million shares; the fund had 6.8% of its 13F portfolio invested in the stock. Some other hedge funds that held long positions include Daniel S. Och’s OZ Management, John Griffin’s Blue Ridge Capital, and Michael Lowenstein’s Kensico Capital.

Since Walgreens Boots Alliance Inc (NASDAQ:WBA) has witnessed bearish sentiment from hedge fund managers, there was a specific group of hedge funds who were dropping their full holdings last quarter. Intriguingly, Lee Ainslie‘s Maverick Capital dumped the largest investment of all the hedgies watched by Insider Monkey, worth an estimated $96.1 million, of call options underlying 1.26 million shares. Eric W. Mandelblatt’s fund, Soroban Capital Partners, also closed its position of call options underlying 731,500 shares, a position worth about $55.7 million.

While hedge fund sentiment was slightly bearish, we believe Walgreens Boots Alliance Inc (NASDAQ:WBA) is trending in the right direction and deserves a buy.

Disclosure: None