GetCoattail Research — Disney is the market's argument about whether parks and streaming profits can outrun a fading cable bundle: a quarter where Experiences and streaming surged, Sports profit fell, and a consensus target near $128 sat against a price near $102. We ran it through every filing lens we maintain. Twenty of our 83 superinvestors hold it long — 25,163,255 shares — and in the second quarter that cohort cut its share count 19.98% while the full 13F market added 16.23%.
Start with the narrative: a strong quarter with a soft spot. Disney's fiscal third quarter, ended June 27, 2026 and reported August 5, was reported with revenue of $25.25 billion, up 6.8% year over year and just below consensus figures near $25.4 billion, while adjusted earnings per share of $2.06 beat consensus figures near $1.86 to $1.88 and total segment operating income rose 21% to about $5.6 billion. Experiences revenue reached about $10.0 billion, up 10%, with operating income up 20% to $3.02 billion; Entertainment revenue rose 6% to $11.35 billion with operating income up 64% to $1.68 billion, and streaming revenue grew 11% to $5.53 billion as streaming operating income more than doubled to $712 million. Sports ran the other way: revenue up 4% to $4.5 billion, operating income down 17% to $858 million. Targets sit above the price: MarketBeat's consensus stood at $128.06 in coverage dated October 9, 2026, Needham reiterated a $125 target the same day, and Raymond James trimmed its target from $120 to $119 on October 5. The stock closed at $102.19 on October 2 in our price file. Insider Monkey's search-volume ranking places Disney twentieth, at 673,000 average monthly searches — the highest-ranked stock we had not yet audited.
Now the filings. GetCoattail tracks the investors best placed to know any company: superinvestors, institutions, insiders, Congress, and 5% holders. For Disney — the twenty-seventh Filing Tape audit — the story is two 13F registers moving in opposite directions, a 5% register whose reporting name changed, insiders who have bought twice in the entire parsed record, and a borrow that has eased since quarter-end.
Lens 1: the superinvestors — twenty holders who cut a fifth of their shares in a flat quarter
We track 83 large, mostly long-only managers whose 13F portfolios we collect directly from SEC EDGAR. As of June 30, 2026, 20 held Disney long — long rows, no option rows — totalling 25,163,255 shares worth $2,421,963,252. The direction count: two new, eight increased, nine decreased, one unchanged.
The largest holder arrived this quarter. Viking Global Investors reported 7,158,406 shares worth $688,996,578, a 1.96% portfolio weight, as a new position — 28.4% of the entire cohort alone. The next two are First Eagle Investment Management, with 5,375,293 shares worth $517,371,936, a 0.85% weight, increased 2.3%, and Lindsell Train, with 2,607,846 shares worth $251,005,178, a 9.55% weight, decreased 18.7%. The top three together are 60.2% of the cohort. Behind them: Markel 2,031,665 shares (unchanged); H&H International Investment 1,706,600 (+12.9%); Yacktman 1,375,972 (+2.1%); Sound Shore 967,830 (−0.3%); Pzena 883,495, increased 879.3% from 90,219 shares; Ariel 635,446 (−2.9%); Giverny 515,567 (−3.9%); and ten smaller holders down to 2,492 shares. On both the EDGAR collection and the pipeline's CUSIP basis, the cohort total ran from 31,447,002 shares at March 31 to 25,163,255 at June 30 — down 19.98% — in a quarter when the price moved from $96.38 to $96.25, down 0.1%. The two new positions total 7,203,381 shares, 28.6% of the quarter-end cohort; excluding them, the continuing holders' 17,959,874 shares stand 42.89% below the first-quarter total. New money arrived, in other words, and the register still shrank by a fifth.
Lens 2: institutions — the full market added 16.23% more shares
Zoom out to the whole 13F market and the direction reverses. At June 30, 2026, 2,934 institutions reported positions, down from 2,965 at March 31 (−1.05%), and 2,927 reported long positions. Reported shares rose 16.23%, from 1,127,918,535 to 1,310,966,308 shares, with 1,890 filers entering and 1,921 exiting. Reported aggregate value rose 15.92% to $126,257,370,671; the aggregate includes option rows, so we headline filer and share counts and label dollars "reported" (see methodology). Here the definitional gap is nearly absent: the implied value per share, $96.31, sits 0.1% above the June 30 close of $96.25 — fewer, larger reported positions in the quarter our tracked cohort was cutting.
Lens 3: the 5% register — two filings, and the reporting name changed
Two SC 13D/G filings cover Disney in our full parse — zero in the 13D family and two in the 13G family, one of them an amendment, two reporting names, most recently filed April 30, 2026. The Vanguard Group's Amendment No. 5, filed March 27, 2026, reports 0 shares (0.0%) as of March 13, 2026 in its parsed reporter row — that name's line in this register closes at zero. Vanguard Capital Management LLC then filed a new SC 13G on April 30, 2026, reporting 132,734,000 shares (7.49%) as of March 31, 2026, with sole dispositive power over the full amount. We report the rows as filed, without summing them and without assigning a reason for the change of reporting name (see methodology). No other reporter appears in the parse, and nothing in this register is newer than April 2026.
Lens 4: insiders — two purchases in the entire record, none of them by an officer, none in 90 days
The parsed Form 4 record holds 130 filings through October 2, 2026. Across it there are two open-market purchases totalling 18,916 shares and $2,112,733.20, by two buyers — and zero recorded as officer purchases. Against that stand eight sales totalling 23,016 shares and $2,510,694.95, by three sellers, all eight recorded as officer sales. Both purchases fall within the most recent year, a window holding five sales totalling 19,356 shares and $2,091,212.84. The last 90 days hold no purchases at all: three sales totalling 14,452 shares and $1,532,156.84, by two sellers. Our site's insider aggregate (October 10, 2026) records exactly the same 90-day figures. The amounts on both sides are small, and we assign no motives to any of it. Some selling is mechanical — vesting, tax withholding and pre-arranged plans.
Lens 5: Congress — no purchases, two sales, no Senate record
Across the congressional record we maintain (combined record as of October 3, 2026), Disney's register holds no purchase transactions and two sale transactions, with no most-recent purchase date. The record sits in the House file (as of October 3, 2026); the Senate aggregate (as of October 1, 2026) carries no Disney record. The combined aggregate's member-count field reads zero alongside those two sales — a quirk we report rather than resolve (see methodology). Congressional disclosures report value ranges, so this lens records direction and counts only.
Lens 6: short interest — down 17.4% since quarter-end, at 1.14% of the share count
As of September 15, 2026 — the most recent FINRA settlement date — 19,636,901 Disney shares were sold short, with days-to-cover of 2.71, down 4.81% from the prior settlement. The series peak stands at 27,047,356 shares on January 12, 2024, so the latest reading is 27.4% below the peak; the June 30, 2026 settlement recorded 23,782,253 shares, so the borrow has eased 17.4% since quarter-end. Against the 1,726,686,902 shares in our fundamentals file (as of July 29, 2026), the borrow is 1.14% of the reported share count. Year over year, the borrow is down 0.8% from 19,795,012 shares on September 15, 2025 — essentially flat across the year, with the movement concentrated after June.
The recent settlements run 22,638,865 on July 15, then 19,483,572, 18,936,358, 20,629,864 and 19,636,901. The series began at 18,616,363 shares on January 15, 2021 and its lowest reading is 15,964,387 on January 31, 2023. At 1.14% of the share count and 2.71 days to cover, the borrow is the quietest register here.
The gap, stated plainly
The registers describe a stock its most-watched holders trimmed while everyone else, in aggregate, added. Twenty of 83 tracked superinvestors hold Disney, their cohort's share count fell 19.98% in a quarter when the price fell 0.1%, and the fall survives the arrival of a new largest holder: Viking's new 7,158,406 shares are 28.4% of the cohort, yet continuing holders stand 42.89% below the first-quarter total. The full market moved the other way — filers down 1.05% to 2,934, reported shares up 16.23% to 1,310,966,308. The 5% register holds a name change, not a contest: one Vanguard line at zero, another at 132,734,000 shares and 7.49%, nothing newer than April 2026. Insiders have bought twice in 130 parsed filings — $2,112,733.20 against $2,510,694.95 of sales — with no purchases in the last 90 days. Congress registers two sales and nothing in the Senate file. And the borrow, at 19,636,901 shares and 1.14% of the share count, is down 17.4% since quarter-end. One plausible reading is that conviction narrowed to a handful of large, deliberate positions while the broad register absorbed shares mechanically — index and benchmark holders do not file explanations either. The record supports each clause separately; it does not say which register is right.
What would change the picture
Nothing above is a recommendation. It is a record. These are the filings that would change the description:
- 1. The 2026Q3 13Fs (filing window closing mid-November 2026). Whether Viking's new 7,158,406 shares survived the quarter, whether the holder count moves off twenty, and whether the cohort total rebuilds toward 31,447,002 shares or falls again, is the whole lens: this register just moved a fifth in a flat quarter, in the opposite direction from the full market.
- 2. An insider purchase — by anyone, above all by an officer. Two purchases totalling $2,112,733.20 stand against eight sales totalling $2,510,694.95 in the parsed record, with zero officer purchases and no purchases at all in the last 90 days. A third purchase would double the recent buy count; a first officer purchase would open a column that has never had an entry in this record.
- 3. Any new 13D/G filing, from anyone. The 5% register holds two Vanguard filings and nothing newer than April 30, 2026 — one line at 0 shares, one at 132,734,000 shares (7.49%). A fresh row from either Vanguard name, a new reporter above 5%, or a first 13D would restart a register that currently shows a handover, not a build.
- 4. The next short-interest settlements after a quiet year. The borrow stood at 19,636,901 shares on September 15, down 0.8% in a year and 17.4% since June 30, at 1.14% of the share count with days-to-cover of 2.71. The next settlements show whether borrowers treat this level as a floor: FINRA publishes biweekly.
- 5. A first congressional purchase, from anyone. The record holds two sales, no purchases and no Senate record at all. One purchase — in either chamber — would give this register a second direction.
Until one of those prints, the record describes a stock held by twenty of our 83 tracked superinvestors — 25,163,255 shares, cut 19.98% in a quarter when the full market's reported shares rose 16.23% — whose 5% register shows one reporting name closing at zero and another opening at 7.49%, whose insiders have bought twice in the parsed record and not at all in 90 days, and whose borrow, at 19,636,901 shares, has eased 17.4% since quarter-end to 1.14% of the reported share count.
Related reading: Nine of 83: One Holder Is 72.4% of the Superinvestors' Alibaba Stake. Its Insiders Bought $25,691,200 in 90 Days. — Filing Tape #26; Twelve of 83: Pershing Square's New Position Is 54.8% of the Superinvestors' Uber Stake. Its CEO Bought Shares in September. — Filing Tape #25; Zero of 83: The Superinvestors Aren't in IREN — Filing Tape #1. Disney's own page: Walt Disney Co (DIS) on GetCoattail.
Methodology and data notes
- Superinvestor lens: 83 managers collected directly from SEC EDGAR Form 13F (managers_13f collection), positions as of June 30, 2026; Disney identified by CUSIP 254687106. Twenty distinct managers hold a long position totalling 25,163,255 shares; all twenty reported rows are long (no put or call rows). Direction counts across the twenty long holders: 2 new, 8 increased, 9 decreased, 1 unchanged. The largest holder's share of the cohort is 7,158,406 / 25,163,255 = 28.4%; the top three holders total 60.2%. Quarter-to-quarter cohort totals (31,447,002 shares at March 31; 25,163,255 shares at June 30; change −19.98% = (25,163,255 / 31,447,002) − 1) are from the site pipeline's holdings files on the same CUSIP basis in both quarters (22 filing rows at March 31; 20 at June 30), and the pipeline's second-quarter total matches the EDGAR collection's long total exactly (difference of 0 shares), so no collection difference needs reporting for this name. The continuing-holder figure excludes the two new positions (7,203,381 shares combined): (25,163,255 − 7,203,381) / 31,447,002 − 1 = −42.89%. Pzena's first-quarter base (90,219 shares) is that manager's row in the same pipeline first-quarter file.
- Full-market lens: SEC Form 13F Data Sets full-market aggregation (the fixtures underlying our 2026Q1–Q2 market tables). Holders = distinct filers reporting the CUSIP; 2,927 of the 2,934 reported long positions. Reported-value caution: the aggregate value ($126,257,370,671 over 1,310,966,308 shares) implies ≈$96.31 per share against a June 30, 2026 close of $96.25 in our price file, a gap of 0.1%. The aggregate sums the VALUE of every information-table row — including put and call option rows — while the share count covers long common-stock rows only, so we headline filer and share counts and label dollar values "reported." For this name the implied value and the close nearly coincide; the definition, and the caution, are unchanged.
- Insider lens: full-parse Form 4 aggregation (agg_by_ticker), record as of October 2, 2026 (130 filings). Sale and purchase counts are transaction-code counts (S and P) in non-derivative rows; grants and exercises are not counted as purchases, and one filing can contain many transaction rows. Purchase transactions total two across the parsed record (18,916 shares, $2,112,733.20, two buyers), neither recorded as an officer purchase; both fall within the most recent year, which also holds five sale transactions (19,356 shares, $2,091,212.84, three sellers). Sale transactions total eight across the record (23,016 shares, $2,510,694.95, three sellers), all eight recorded as officer sales. In the 90 days through October 2, 2026: no purchases; three sale transactions, 14,452 shares, $1,532,156.84, two sellers. The site's insider aggregate (compiled as of October 10, 2026) records the same 90-day figures — no purchases, three sale transactions and $1,532,156.84 of sales, with no most-recent purchase date and no chief-executive or large-purchase flag: it matches the full-parse figures exactly, and we report the match as observed.
- 13D/G lens: full-parse SC 13D/G aggregation and parsed filings (2 filings matching CUSIP 254687106 and issuer CIK 1744489, two reporting names in aggregate), filings through April 30, 2026. The Vanguard Group's Amendment No. 5 row (0 shares at 0.0% as of March 13, 2026, filed March 27, 2026) and Vanguard Capital Management LLC's row (132,734,000 shares at 7.49% as of March 31, 2026, filed April 30, 2026, sole dispositive power over 132,734,000 shares and sole voting power over 17,618,328 shares) are reported as separate rows, as filed; they are not summed, and no reason for the change in reporting name is asserted — the filings themselves are the record. The aggregation's totalSharesReported field (132,734,000 shares) happens to equal the second row alone because the first row reports zero; it is not used as a combined holding.
- Congress lens: Senate PTR archive and House PTR archive as maintained on this site, combined record as of October 3, 2026 — no purchase transactions and two sale transactions, no most-recent purchase date and no party information. The House aggregate (as of October 3, 2026) carries the same record in full; the Senate aggregate (as of October 1, 2026) carries no Disney record, and we report that absence rather than omitting the chamber. The combined aggregate's member-count field reads 0 alongside the two recorded sales; we report the transaction counts as recorded and flag the field rather than adjusting either figure. Congressional disclosures report value ranges, so where this lens has data it records direction and counts only.
- Short interest lens: FINRA Equity Short Interest files (biweekly settlement dates), collected directly from FINRA's public distribution; the Disney series covers 137 settlements from January 15, 2021 to September 15, 2026. The maximum of the full collected series is 27,047,356 shares on January 12, 2024 — which also falls inside the chart window — so the latest reading of 19,636,901 shares on September 15, 2026 sits 27.4% below the peak ((19,636,901 / 27,047,356) − 1) and 0.8% below the September 15, 2025 reading of 19,795,012; the change from the prior settlement (20,629,864 shares on August 31, 2026) is −4.81%, and the change from the June 30, 2026 settlement (23,782,253 shares) is −17.4%. The latest row's prior-settlement field (20,629,864) matches the prior settlement file's reported figure exactly. FINRA publishes each settlement about two weeks after the fact. The share-count ratio uses the fundamentals file's share count of 1,726,686,902 shares outstanding as of July 29, 2026.
- Fundamentals note: our fundamentals collection carries Disney's fiscal-2025 revenue of $94,425,000,000, fiscal-2025 net income of $12,404,000,000 and fiscal-2025 assets of $197,514,000,000. The market value of about $179.63 billion uses that file's October 6, 2026 price ($104.03) and reported share count.
- Prices: our own daily-close file for Disney through October 2, 2026 ($102.19 close, −10.2% year to date on that file; 252-session closing high $116.65 on November 12, 2025; 252-session closing low $92.42 on March 27, 2026; closes of $96.38 at March 31, 2026 and $96.25 at June 30, 2026, a second-quarter change of −0.1%; change from June 30 to October 2 of +6.2% ((102.19 / 96.25) − 1)). The drawdown from the 252-session closing high is −12.4% ((102.19 / 116.65) − 1), and the gain from the 252-session closing low is +10.6%.
- Market context sources: fiscal third-quarter 2026 results (revenue of $25.25 billion, up 6.8% year over year; adjusted earnings per share of $2.06 against consensus figures near $1.86 to $1.88, with reported revenue just below consensus figures near $25.4 billion; total segment operating income up 21% to about $5.6 billion; Experiences revenue of about $10.0 billion, up 10%, with operating income of $3.02 billion, up 20%; Entertainment revenue of $11.35 billion, up 6%, with operating income of $1.68 billion, up 64%; streaming revenue of $5.53 billion, up 11%, with streaming operating income of $712 million, more than double the prior year; Sports revenue of $4.5 billion, up 4%, with operating income of $858 million, down 17%) — earnings coverage of the quarter ended June 27, 2026, checked October 10, 2026, summarised in our own words; analyst targets (MarketBeat consensus target of $128.06 in coverage dated October 9, 2026; Needham target of $125 reiterated October 9, 2026; Raymond James target trimmed from $120 to $119 on October 5, 2026) and a 52-week range of $92.19 to $117.09 in market reporting dated October 7, 2026 — market coverage, checked October 10, 2026; an October 2, 2026 closing price of $102.19 in market reporting, matching our price file for the same date exactly; search-attention ranking (Disney twentieth at 673,000 average monthly Google searches on Insider Monkey's 20-name list, with the higher-ranked names all previously covered or skipped in this series, and AltIndex's 24-hour Reddit top twenty consisting entirely of previously covered or skipped names) — Insider Monkey and AltIndex, checked October 10, 2026. Figures we could not confirm against two sources were left out.
- Disney is in the GetCoattail stock-page universe: Walt Disney Co (DIS) stock page. Series data: dis_lens_data.csv · dis_short_interest_series.csv. Earlier audits: Alibaba Group Holding · Uber Technologies · IREN.
This article describes public filings as of the dates stated. It is not investment advice and makes no recommendation. Filings lag reality: 13F positions are as of June 30, 2026, and later trading is not yet public.
Revision history
- v1.0 — October 10, 2026: first publication.