Xcel Wealth Management Trims Walt Disney Stake

Hedge fund reduces position in entertainment giant by over a third in Q4

Apr. 17, 2026 at 12:36pm

Got story updates? Submit your updates here. ›

A highly detailed, black-and-white close-up image of the intricate gears, pulleys, and other heavy industrial components that make up the financial infrastructure of a large media company, conveying a sense of the institutional power and complex mechanics underlying the entertainment business.An extreme close-up of the complex financial machinery behind a major media empire reflects the institutional forces shaping the entertainment industry.Burbank Today

Xcel Wealth Management LLC decreased its position in The Walt Disney Company (NYSE:DIS) by 36.7% in the fourth quarter, according to a recent 13F filing with the SEC. The fund now owns 25,768 shares of the entertainment giant's stock, down from 40,695 shares held previously.

Why it matters

This reduction in Xcel Wealth Management's Disney holdings reflects broader trends in the investment community, as some funds have trimmed positions in the entertainment conglomerate amid concerns over the company's streaming strategy and theme park recovery from the pandemic.

The details

According to the 13F filing, Xcel Wealth Management sold 14,927 shares of Disney stock during the fourth quarter. The fund's remaining 25,768 shares were worth $2.93 million as of the end of 2022. Disney's stock price has fluctuated in recent months as the company navigates challenges in its streaming business and theme park operations.

  • Xcel Wealth Management filed its 13F report for the fourth quarter of 2022.

The players

Xcel Wealth Management LLC

A hedge fund that has reduced its position in The Walt Disney Company.

The Walt Disney Company

A diversified global entertainment and media conglomerate headquartered in Burbank, California.

Got photos? Submit your photos here. ›

What’s next

Investors will be closely watching Disney's upcoming earnings report and any updates on the company's streaming and theme park strategies.

The takeaway

Xcel Wealth Management's reduction in its Disney holdings reflects broader caution among some investors regarding the entertainment giant's near-term outlook, even as the company remains a major player in the media landscape.