the 25 million shares sold by Hudbay and Millenium - institutional ownership in Tilray is dropping as fast as the share price.
Pretty significant when Hidbay closes out its entire position - they WERE Tilrays #1 institutional investor
The 5 Biggest Buyers of TLRY Stock
Tracking institutional activity is important, as these large investors provide liquidity and support for stocks. However, institutional ownership of TLRY stock declined significantly during Q4.
In total, 13F filers own 69.44 million shares of Tilray, down by 22.75% from the prior quarter. The total number of filers with ownership of the company fell by nine to 338.
Hedge funds, a subset of 13F filers, also appeared bearish. The total number of shares owned by hedge funds declined by 62.31% to 15.48 million shares from 41.08 million shares. This was largely attributed to Hudson Bay Capital Management selling out of its entire stake of 16.18 million shares and Millennium Managementselling 9.84 million shares.