Lilly Investment Confidence
Top Institutional Investors Significantly Increase Eli Lilly Holdings, Reflecting Strong Market Confidence
Anonymous
Several institutional investors increased their stakes in Eli Lilly as disclosed in recent filings, with Los Angeles Capital Management lifting its position by 13% to about 260,276 shares valued at roughly $280 million. Capital World Investors also added modestly, raising its holdings by 0.4% to more than 15 million shares worth about $16.2 billion. Cookson Peirce & Co. made a larger move, boosting its stake by 46.8% to about 21,988 shares valued at about $23.6 million, while other funds cited in the filings also added shares. Overall, these changes suggest continued institutional confidence in Lilly’s outlook. Separately, CVS Caremark reportedly reversed an earlier exclusion and will cover Lilly’s Zepbound, a potential reimbursement win that could improve patient access.
Key Points
1
Los Angeles Capital Management LLC’s Eli Lilly position was about 1.0% of its portfolio and ranked as the 17th biggest holding, after buying 29,980 additional shares to reach 260,276 shares (worth $279,713,000).
2
Other reported buyers included 10Elms LLP, which increased its Eli Lilly stake by 33.3% in the third quarter to 40 shares (after purchasing 10 additional shares), according to the same set of filings.
3
Capital World Investors’ Eli Lilly stake increase was accompanied by portfolio context: Eli Lilly comprised about 2.2% of Capital World’s portfolio and was its 9th-largest holding, with the fund owning 15,031,750 shares after adding 61,851 shares.
4
Cookson Peirce & Co. not only boosted its Eli Lilly stake by 46.8%, it bought 7,011 shares during the quarter to end with 21,988 shares, and the article notes that 82.53% of Eli Lilly’s stock is owned by institutional investors and hedge funds.
5
Additional institutional buyers cited for Eli Lilly included XML Financial LLC (+21.0%, to 1,664 shares), Lowe Brockenbrough & Co. Inc. (+26.0%, to 8,469 shares), and 111 Capital (+210.4%, buying 1,376 shares to reach 2,030 shares).
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