Institutional investors adjust holdings in Advanced Micro Devices (AMD)

Groupama Asset Management reduced its stake in Advanced Micro Devices (NASDAQ:AMD) by 37%, selling 11,109 shares and ending the quarter with 18,918 shares valued at about $3.85 million. In the same filing period, Axiom Investment Management LLC bought a new position of 1,238 AMD shares, worth roughly $252,000.

Both filings were disclosed in recent Form 13F reports to the U.S. Securities and Exchange Commission, reflecting ongoing portfolio adjustments by institutional investors in the semiconductor maker.