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Amundi Trims Stake in Salesforce Amid Broader Hedge Fund Adjustments

Guavy AI Editorial Team
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CRM
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Amundi, a global investment management company, has trimmed its stake in Salesforce Inc. (NYSE:CRM), reducing its position by 8% in the second quarter, according to a recent disclosure with the Securities and Exchange Commission.

The firm owned 3,371,997 shares of CRM after selling 294,196 shares during the quarter, valued at $528,259,000 at the end of the most recent reporting period. This accounts for about 0.41% of Salesforce's outstanding stock.

This is not an isolated instance; several other hedge funds have also adjusted their holdings in Salesforce. For example, Fred Alger Management LLC increased its stake by 0.3% during the third quarter and now owns 14,943 shares valued at $3,548,000.

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