Investor Interest Surges in Amcor plc: Hedge Fund Activity Revealed

2024-03-12

During the quarter ending December 31, 2023, data from sharkstracker.com revealed that Amcor plc (AMCR) garnered significant interest from investors. A total of 552 hedge funds held 726,388,597 shares of AMCR, while 55 ETFs owned 127,354,212 shares of the company.

In the same period, 190 hedge funds were actively buying AMCR shares, acquiring a total of 35,899,666 shares. On the other hand, 250 hedge funds were selling, divesting 33,714,406 shares of AMCR. Notably, 34 hedge funds doubled their positions on AMCR, indicating a strong bullish sentiment, while 9 funds opted to sell at least 90% of their AMCR holdings.

Among the top institutional holders of AMCR shares were BlackRock Inc., STATE STREET CORP, and VANGUARD GROUP INC. The institutional sentiment towards AMCR varied, with MILLENNIUM MANAGEMENT LLC and Invesco Ltd. displaying optimism, while Squarepoint Ops LLC and ISTHMUS PARTNERS, LLC showcased a more pessimistic outlook.

This data-driven analysis from sharkstracker.com provides valuable insights into the market dynamics surrounding Amcor plc. For a comprehensive overview, the full report can be accessed at: [SharksTracker - AMCR Report](https://www.sharkstracker.com/reports/ReportDetail12:AMCR/?rrr=3).