15 Dow Stocks Listed and Ranked By 2022 Hedge Fund Bullishness Index

5. The Walt Disney Company (NYSE:DIS)

Number of Hedge Fund Holders: 113

The Walt Disney Company (NYSE:DIS) is an entertainment giant with sizeable interests in media and theme parks around the globe. Morgan Stanley analyst Benjamin Swinburne noted on June 30 that Disney shares present an attractive risk/reward at current levels, and reiterated an ‘Overweight’ rating on them. He assessed that the the company’s future growth will be driven by the strong performance of its Parks segment and a streaming business that is continually taking market share and scaling to profitability.

113 hedge funds reported having bullish bets on The Walt Disney Company (NYSE:DIS) shares as of the end of March, compared to 111 hedge funds at the end of December. The total value of hedge funds’ Q1 holdings was recorded at $5.16 billion. Matrix Capital Management increased its stake in Disney by 51% in the first quarter to become the company’s largest shareholder, with 6.33 million shares worth $868.2 million.

Asset management firm Harding Loevner mentioned many stocks in its Q1 2022 investor letter, and The Walt Disney Company (NYSE:DIS) happened to be one of them. It said:

“The war in Ukraine has given new urgency to the question of whether globalization has reached a tipping point and if the familiar web of decentralized, just-in-time, global supply chains will be a casualty of the inward turn dividing countries into competing trading blocs. It is probably too soon to know. We sold Disney (NYSE:DIS), due to some concerns about the increasing capital intensity of its business amid signs of rising competition and slowing growth in streaming media consumption.”