Institutional investors have continued their strategic rebalancing during the fourth quarter, with Public Employees Retirement Association of Colorado notably increasing its stake in Exponent, Inc. (EXPO) by 1,383.4%, now owning shares valued at approximately $22.98 million. The same investor also raised its stake in Block, Inc. (SQ) by 14.8%, now holding 343,132 shares of the technology company’s stock, and in Murphy USA Inc. (MUSA) by 518.9%, now owning 74,770 shares of the specialty retailer’s stock. Gabelli Funds LLC has been active as well, increasing its holdings in The Cigna Group (CI) by 0.3% and Capri Holdings Limited (CPRI) by 10.9%, while reducing its stake in The Goldman Sachs Group, Inc. (GS) by 1.2% and in Bristol-Myers Squibb (BMY) by 0.3%. Keeley Teton Advisors LLC has downsized its holdings in WESCO International, Inc. (WCC) by 3.4% and Discover Financial Services (DFS) by 6.9%. Meanwhile, Cibc World Markets Corp reported a 44.6% increase in Blackstone Inc. (BX) and a 15.6% increase in Verisk Analytics, Inc. (VRSK). These portfolio adjustments reflect the investors’ responses to the current market volatility and their efforts to position for potential future gains.
Key points
- Public Employees Retirement Association of Colorado significantly increased its holdings in Exponent, Inc.
- Gabelli Funds LLC and Keeley Teton Advisors LLC adjusted their portfolios with both increases and decreases in various company stocks.
- Cibc World Markets Corp boosted its stake in Blackstone Inc.
, Block, Inc.
, and Murphy USA Inc.
.
and Verisk Analytics, Inc.
.
