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Investors Showed Interest In Two Communications Firms In Q4

Institutional investors rewarded traditional communications companies Verizon and Comcast’s efforts to protect and grow their businesses by pushing both firms onto the global top 20 list of most widely held companies in Q4 2018, according to eVestment data. Both firms made significant strategic moves in 2018 that appear to have given institutional investors faith in both firms’ futures. Verizon landed at No. 13 on the global list of most widely held stocks by institutional investors in Q4 and Comcast landed at No. 18 in Q4.

Q4 hedge fund letters, conference, scoops etc

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On the other hand, institutional investors may be exercising caution on China’s Tencent Holdings following a rollercoaster 2018 for the company. Among stocks held globally by ranked institutional investors, Tencent fell the most among the top 20 stocks quarter over quarter, from the No. 14 most widely held stock in Q3 2018 to the No. 20 most widely held stock in Q4.

Other interesting points include:

  • Among UK-based companies, utility National Grid and medical equipment company Smith & Nephew entered the top 20 UK list in Q4 2018 at Nos. 18 and 19 respectively, while financial firm Barclays and retailer Tesco fell out of the top 20 in Q4 2018 compared to Q3.
  • Residential property company Vonovia, automaker Volkswagen and aircraft engine manufacturer MTU Aero Engines rose onto the top 20 list of most-widely held Germany-based companies in Q4 2018 while Linde, Deutsche Lufthansa and Fresenius fell out of the top 20 compared to Q3 2018.
  • US- and Emerging markets-based firms showed resiliency in institutional investment ownership in Q4 2018. While some companies shifted positions on the top 20 lists quarter over quarter, the firms making up the lists were the same in Q4 2018 and Q3 2018

Article by Mark Scott, eVestment


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