Walt Disney Sees Reduced Holding from Assenagon Asset Management S.A., Positive Sentiment with Formula E Deal
Assenagon Asset Management S.A., a financial institution, has significantly reduced its holdings in The Walt Disney Company (NYSE:DIS) by 92.0% in the second quarter. According to the most recent SEC filing, Assenagon Asset Management S.A. owned 85,698 shares of Walt Disney's stock after selling 982,327 shares during the period. This reduction in holding value was worth $8,248,000 as of its latest SEC filing.
The decrease in holdings by Assenagon Asset Management S.A. is part of a broader trend where other institutional investors and hedge funds have also adjusted their stakes in Walt Disney. Swiss RE Ltd., for example, bought a new position in Walt Disney in the fourth quarter valued at $25,000. Curio Wealth LLC increased its position in shares of Walt Disney by 110.4% during the same period.
Walt Disney has seen positive sentiment this week with the announcement of a multiyear agreement to stream Formula E races across 144 countries beginning with the 2026-27 season. This deal adds differentiated international sports content that could support subscriber engagement, advertising and streaming retention for Disney+ and ESPN.