32. Boeing Co (BA)
Number of Hedge Funds: 114 (2025Q4)
Number of Hedge Funds: 106 (2025Q3)
Based on the Insider Monkey data for Boeing (BA) as of late February 2026, the sentiment is overwhelmingly bullish among institutional giants and elite hedge fund managers. Despite the operational challenges in recent years, the “smart money” is positioning for a significant long-term recovery.
1. Explosive Hedge Fund Accumulation
The most striking data point is the massive accumulation by arbitrage and value-focused hedge funds:
- Pentwater Capital Management (Matthew Halbower): This firm has emerged as a major bull, increasing its position by a staggering 165% to 6.6 million shares, a stake valued at approximately $1.44 billion. They also hold a significant “Put” position, likely as a hedge against their massive long exposure.
- Fisher Asset Management (Ken Fisher): Maintained its steady conviction with a 3% increase, holding 5.6 million shares worth roughly $1.22 billion.
- Citadel Investment Group (Ken Griffin): While trimming its “Call” options slightly (-3%), Citadel increased its “Put” positions by 10%, suggesting they are playing the volatility while keeping a massive gross exposure to the stock (totaling nearly $2 billion in combined options value).
2. Strong Institutional “Anchor” Support
The world’s largest asset managers are treating Boeing as a “must-own” aerospace cornerstone:
- Vanguard Group: Holds a dominant 70.9 million shares valued at $15.4 billion.
- BlackRock: Holds 53.9 million shares worth $11.7 billion.
- Fidelity (FMR LLC): Maintains a high-conviction $11.5 billion stake, representing 0.59% of their total portfolio.
3. The Bull Case for 2026
Professional investors are increasingly vocal about Boeing’s recovery trajectory:
- Jefferies Reiteration: On February 2, 2026, Jefferies reiterated its Buy rating and raised its price target to $295, citing strong Q4 results and a stabilizing production environment.
- Jim Cramer’s “Favorite”: In mid-February 2026, Jim Cramer named Boeing as “one of my favorites,” noting the stock’s 35% gain over the past year and its potential to benefit from rising global defense spending and geopolitical tensions.
- Defense Momentum: Analysts see Boeing as a primary beneficiary of the “2026 Nuclear Renaissance” and general aerospace leadership, particularly with its Dreamliner production and next-gen aircraft programs.
4. Insider Trading: Tactical Profit Taking
As the stock has climbed to the $244 range, insiders have been active sellers in early February 2026. This is consistent with executives locking in gains after a 35% rally:
- Ann Schmidt (SVP, Brand Officer): Sold 6,281 shares for $1.52 million on February 17, 2026.
- Howard McKenzie (Chief Engineer): Sold over 10,000 shares for $2.45 million on February 5, 2026.
- Uma Amuluru (HR Officer): Executed multiple sales in early February totaling over $644,000.
Summary Verdict
The data for Boeing shows a classic “Institutional Buy / Executive Sell” dynamic. While insiders are trimming personal holdings at $244, the massive 165% increase from Pentwater Capital and the $295 price target from Jefferies suggest that the most powerful funds on Wall Street believe Boeing is only in the middle innings of its recovery.
