Second Quarter Portfolio Expansion
Invst LLC Expands Second Quarter Stakes Across Five Major Stocks
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Key Points
1
FedEx director Paul S. Walsh sold 5,042 shares on June 30 at an average price of $324.56, totaling $1,636,431.52 and trimming their ownership by 23.56%.
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In Bloomin’ Brands, beyond Invst LLC’s new stake, other notable Q2 buyers included Miller Value Partners ($23.6 million), Jupiter Topco LLC ($5.72 million), HSBC Holdings PLC ($94,000), Canada Pension Plan Investment Board ($971,000) and Legal & General Group PLC ($542,000).
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United Natural Foods drew a major new stake from BlackRock in Q2, with BlackRock’s position valued at about $477.65 million, as institutional ownership in UNFI remains overwhelmingly large (about 87.63% owned by institutions).
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First Horizon shows heavy institutional ownership (about 80.28%), plus a broad broker outlook mix (nine Buy, ten Hold, one Sell) and targets such as National Bank Financial at $29.00, with Wells Fargo and Truist presenting interim ratings/targets during the period.
Invst LLC deployed capital across five stocks in the second quarter, signaling broad confidence in healthcare, transportation, and consumer sectors. The fund expanded an existing position in restaurant chain Bloomin' Brands with a 173,440-share purchase worth roughly $1.6 million, while simultaneously opening fresh positions in FedEx, First Horizon, United Natural Foods, and DaVita—a diversified bet across dining, logistics, banking, food retail, and healthcare services.
FedEx Entry Coincides With Insider Selling
Invst LLC initiated a new 3,441-share position in FedEx (FDX) valued at approximately $1.08 million during Q2. The move came as FedEx director Paul S. Walsh sold 5,042 shares on June 30 at $324.56 per share, a transaction totaling $1.6 million and cutting Walsh's ownership stake by 23.56%. TickerReport noted the director's significant exit even as FedEx delivered solid quarterly earnings.
Bloomin' Brands Attracts Multiple Institutional Buyers
Beyond Invst LLC's 173,440-share addition to Bloomin' Brands, the restaurant operator drew aggressive Q2 buying from major institutions. WatchlistNews reported that Miller Value Partners invested $23.6 million, Canada Pension Plan Investment Board added $971,000, and Legal & General Group PLC purchased $542,000 worth of shares. HSBC Holdings also entered with a $94,000 stake, signaling broad institutional appetite.
BlackRock's UNFI Investment Underscores Institutional Dominance
Invst LLC purchased 19,274 shares of United Natural Foods (UNFI) for $880,000 in Q2, joining BlackRock's major new stake in the grocer. TickerReport highlighted BlackRock's Q2 position valued at $477.65 million in UNFI, reinforcing the company's heavily institutional ownership structure at roughly 87.63%. The concentration reflects institutional conviction in the natural foods retailer despite recent market volatility.
First Horizon and DaVita Round Out Diversified Q2 Buying
Invst LLC acquired 36,788 shares of regional bank First Horizon (FHN) for roughly $943,000, entering a stock with 80.28% institutional ownership and mixed broker ratings—nine Buy, ten Hold, and one Sell. TickerReport reported National Bank Financial's $29 price target. The fund also took a 5,564-share position in DaVita (DVA) for $1.24 million, rounding out a five-stock expansion that reflects confidence across multiple sectors and valuations.
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