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Calamos Trims IBM Holdings Amid Broader Institutional Shift

Guavy AI Editorial Team
Instruments
IBM
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Calamos Advisors LLC reduced its holdings in International Business Machines Corporation (NYSE:IBM) by 8.4% during the second quarter, according to a recent SEC filing.

The institutional investor sold 10,342 shares of the technology company's stock and now owns 113,224 shares worth $31,840,000 as of its most recent filing with the SEC.

This move is part of a larger trend in which many institutional investors are buying and selling shares of IBM. In fact, 58.96% of the stock is owned by institutional investors.

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