Hedge Funds and ETFs Swarm Paramount Global Class B: Latest Insights

2024-03-12

Paramount Global Class B (PARA) was under close scrutiny by 704 hedge funds, which collectively held 506,235,440 shares as of the quarter ending on December 31, 2023. Additionally, 47 ETFs were also invested in PARA, holding a total of 33,401,386 shares. Among the top institutional holders of PARA shares were prominent names such as Berkshire Hathaway Inc, VANGUARD GROUP INC, BlackRock Inc., STATE STREET CORP, and Invesco Ltd.

During the last quarter, 239 hedge funds were actively buying PARA shares, while 330 were involved in selling activities. Despite the selling pressure, the total number of shares bought by hedge funds surpassed those sold, indicating sustained interest in the company. Noteworthy was the fact that 63 hedge funds doubled their positions on PARA, while 16 funds decided to offload at least 90% of their PARA shares.

Among the most optimistic institutions regarding PARA were UBS Group AG, TWO SIGMA INVESTMENTS, LP, STATE STREET CORP, MARSHALL WACE, LLP, and D. E. Shaw & Co., Inc. Conversely, the most pessimistic institutions included ARMISTICE CAPITAL, LLC, Bank of New York Mellon Corp, CITADEL ADVISORS LLC, PRICE T ROWE ASSOCIATES INC /MD/, and Berkshire Hathaway Inc.

This insightful data, obtained from sharkstracker.com, offers a comprehensive and data-driven perspective on the market dynamics surrounding Paramount Global Class B. For those seeking more detailed insights, the full version of the article can be accessed at: [SharksTracker Report on PARA](https://www.sharkstracker.com/reports/ReportDetail12:PARA/?rrr=3).