Ohio Pension Fund Invests Big in Disney

The Public Employees Retirement System of Ohio has made a significant investment in The Walt Disney Company (NYSE:DIS), purchasing approximately $67.10 million worth of shares in the second quarter.

The institutional investor acquired 697,152 shares of Disney's stock, as reported in its most recent Form 13F filing with the Securities and Exchange Commission.

This investment is part of a broader trend of increased interest in Disney's stock, with several other hedge funds also buying and selling shares in the company.

Disney's Experiences segment has been driving earnings growth, generating around $3 billion in quarterly operating profit. The company's theme parks and resorts have seen strong performance, offsetting mixed results elsewhere.