$30.4 Million Investment in IBM: Kimelman & Baird LLC Takes Stake
Kimelman & Baird LLC has invested $30.40 million in International Business Machines Corporation (IBM), purchasing 108,096 shares of the company's stock.
The investment represents 1.6% of Kimelman & Baird LLC's portfolio and makes IBM its 27th largest holding.
This is not an isolated instance, as several other large investors have also added to or reduced their stakes in IBM during the second quarter.