Belpointe Boosts IBM Stake Amid Quantum Computing Hopes

Belpointe Asset Management LLC increased its stake in International Business Machines Corporation (NYSE:IBM) by 31.3% during the second quarter, according to a recent disclosure with the Securities and Exchange Commission.

The firm owned 13,799 shares of IBM's stock after purchasing an additional 3,292 shares during the period, worth $3,881,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock, including Basepoint Wealth LLC, Portus Wealth Advisors LLC, and Cornerstone Financial Management LLC, which purchased new stakes in IBM's shares during the fourth quarter valued at $25,000, $26,000, and $28,000 respectively.