Diageo (DEO)

• Market cap: $69.7B
• 1 day: -1.39%
• 5 days: -4.32%
• 1 month: 5.04%
• 3 months: -5.68%
• 6 months: -4.53%
• Year to date: -12.90%
• 1 year: -12.33%
• 5 years: -24.56%
• 10 years: 8.30%

About: Formed in 1997 through the merger of Grand Metropolitan and Guinness, Diageo is the largest distiller globally by sales. Diageo acquired some of the Seagram assets in 2001, which gave it brands such as Captain Morgan rum and Crown Royal Canadian whisky. Since then, mergers and acquisitions have mostly been bolt-on in nature, plugging gaps in the company's product and geographic portfolio. The firm has also shed noncore brands over the years, including the majority of its wine assets in 2015.

Employees: 30,092

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 3 [Q2] → 6 (+3) [Q3]

7% more capital invested

Capital invested by funds: $7.76B [Q2] → $8.31B (+$550M) [Q3]

8% more first-time investments, than exits

New positions opened: 113 | Existing positions closed: 105

1% more funds holding

Funds holding: 943 [Q2] → 951 (+8) [Q3]

0.09% less ownership

Funds ownership: 2.77% [Q2] → 2.69% (-0.09%) [Q3]

2% less repeat investments, than reductions

Existing positions increased: 334 | Existing positions reduced: 340

10% less call options, than puts

Call options by funds: $64.9M | Put options by funds: $72M