Institutional investor stake adjustments

Institutional investors have made various adjustments to their holdings across several major corporations according to recent regulatory filings.

In the first instance, Sei Investments Co. significantly increased its stake in DraftKings Inc. by 260.6% during the first quarter. Other entities, including Integrated Wealth Concepts and Mirae Asset Global ETFs Holdings, also raised their positions in the company. Conversely, Empowered Funds LLC reduced its holding in Keurig Dr Pepper Inc. by 47%, though other large holders like Vanguard Group and State Street Corp either increased or added new positions.

Subsequent filings show shifts in Stanley Black & Decker, Inc. and Seagate Technology Holdings PLC. Bank of America Corp DE reduced its stake in Stanley Black & Decker by 36.0%, while New York Life Investment Management LLC and the California State Teachers Retirement System increased their positions. Regarding Seagate Technology, Handelsbanken Fonder AB decreased its holdings by 33.3% in the second quarter, while the New York State Teachers Retirement System and Sumitomo Mitsui Trust Group Inc. increased their stakes during the fourth quarter.