BNY Mellon Snaps Up Massive Stake in IBM Amid Market Turbulence

Bank of New York Mellon Corp has acquired 9,269,877 shares of IBM's stock, valued at approximately $2.61 billion in its most recent 13F filing with the Securities & Exchange Commission.

This represents a new position for Bank of New York Mellon Corp and accounts for about 0.98% of International Business Machines' outstanding shares.

The investment comes as IBM continues to navigate challenges in the market, including concerns over AI-driven disruption to legacy services, pricing pressure, and downward earnings estimates.