Campbell's Stake Reduced by KBC Group NV Amid Market Volatility

KBC Group NV has reduced its stake in Campbell's Company (NASDAQ:CPB) by 38.9% during the first quarter, according to a recent disclosure with the Securities and Exchange Commission.

The fund owned 118,844 shares of Campbell's stock after selling 75,802 shares during the quarter, worth $2,647,000 as of its most recent SEC filing.

This is not an isolated incident; several other hedge funds and institutional investors have also adjusted their stakes in Campbell's.

For example, Koss Olinger Consulting LLC boosted its holdings by 40.0% in the first quarter, while Swiss National Bank raised its stake by 0.5% during the same period.