Why Do 56 Top Hedge Funds Like United Technologies?

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In terms of overall activity, 56 funds in our database owned $3.89 billion worth of United Technologies Corporation (NYSE:UTX) shares on June 30, which accounted for 4.50% of the float, up from 51 funds with $3.81 billion in holdings on March 31.

In terms of individual activity, Ken Fisher‘s Fisher Asset Management trimmed its position in United Technologies by 1% during the second quarter, to slightly over 8.36 million shares. Mirroring Fisher Asset Management’s actions were Mason Hawkins‘ Southeastern Asset Management and Ric Dillon’s Diamond Hill Capital, which cut their positions by 7% and 2% respectively, to 6.66 million shares and 3.68 million shares. Going the opposite way was Robert Rodriguez and Steven Romick’s First Pacific Advisors, which raised its United Technologies stake by 8% to 6.86 million shares, which represented 5.93% of the value of the fund’s equity portfolio at the end of June.

Disclosure: None

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