Institutional Investors Boost Holdings in The Duckhorn Portfolio

2 min read | December 19, 2024 09:10 AM PST | By Team Kalkine Media

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Institutional Investors Boost Holdings in The Duckhorn Portfolio — Image source: Shutterstock

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Public Employees Retirement System increases stake in Duckhorn Portfolio

Several institutional investors adjust their positions in NAPA

Hedge funds and investment firms boost Duckhorn Portfolio holdings

Public Employees Retirement System of Ohio raised its investment in The Duckhorn Portfolio, Inc. (NYSE:NAPA) by a notable amount in the recent quarter. After acquiring additional shares, the system now holds a significant number of Duckhorn shares, valued at approximately $1.6 million at the time of the latest filing.

This move aligns with a broader trend of institutional investors adjusting their positions in Duckhorn Portfolio. A number of prominent hedge funds and investment firms also increased their stakes in the company. Atom Investors LP, for instance, established a new position in Duckhorn during the third quarter, committing more than $2 million to the stock. Similarly, Marshall Wace LLP added to its holdings earlier in the year, with a second-quarter investment amounting to just over $2.5 million.

Verition Fund Management LLC demonstrated a strong commitment to Duckhorn Portfolio, growing its stake by nearly 22% in the third quarter. This brought the total number of shares held by the firm to over 1.47 million, with an estimated value exceeding $8.5 million. Raymond James & Associates, another major institutional investor, also increased its exposure to Duckhorn during the second quarter, adding just over $1.4 million in new holdings.

River Road Asset Management LLC, a notable investor, raised its stake in Duckhorn by 6.1% in the third quarter, increasing its total holdings to more than 3.3 million shares. The value of River Road’s total stake stands at an impressive $19.2 million, reflecting the firm’s positive outlook for the company.

The growing interest from institutional investors and hedge funds signals continued confidence in The Duckhorn Portfolio, Inc., suggesting the company is positioned for long-term growth within its sector.

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