It looks like Barclays PLC is stepping up to the plate in a big way, significantly boosting its stake in Atlanta Braves Holdings, Inc. According to its latest SEC filing, Barclays raised its holdings by a striking 160.3% during the third quarter, acquiring an additional 50,702 shares.
This brings its total stake to 82,330 shares, valued at $3,276,000 at the end of the reporting period. That’s some serious confidence in the Braves as a baseball team and a business entity.
Barclays Not the Only Big Braves Buyer
Barclays isn’t the only heavy hitter here. Several other institutional investors have been actively reshuffling their positions in Atlanta Braves Holdings.
Gabelli Funds LLC added more to its roster, increasing its holdings by 3.2% in the second quarter to hold over 1.36 million shares worth a hefty $53.87 million. Not to be outdone, Aristeia Capital LLC made a bold move, boosting its stake by a notable 42.9%, now controlling 1.32 million shares valued at $52.12 million.
Meanwhile, Harvey Partners LLC upped its position by 14.6% during the third quarter, bringing its total to 507,000 shares worth $20.18 million. HBK Investments L.P. also jumped in, with a 57.0% increase in shares, reaching 480,000 shares worth $19.1 million. Harbor Capital Advisors Inc. wasn’t far behind, nearly doubling down with a 76.9% increase, now owning 315,424 shares valued at $12.55 million.
Institutional Money Holds the Majority of Team Holdings
Institutional investors collectively own a commanding 64.88% of Atlanta Braves Holdings, underscoring the strong market confidence in the company. But why all the buzz? Atlanta Braves Holdings isn’t just about baseball.
Beyond owning the Atlanta Braves Major League Baseball team, the company also oversees a mixed-use development project that includes retail, office spaces, hotels, and entertainment venues. Based in Englewood, Colorado, and incorporated in 2022, the company offers a diverse portfolio that combines sports and real estate.
This surge in investment signals a belief in the company’s potential to deliver returns both on and off the field. With institutional investors piling on, it’s clear that Atlanta Braves Holdings is also a major league player in the financial world.
The information of this financial update about the Braves comes from Marketbeat.
