Concurrent Investment Advisors Doubles Down on Salesforce

Concurrent Investment Advisors LLC has significantly increased its stake in Salesforce Inc., acquiring an additional 79,437 shares of the CRM provider's stock in the second quarter. This brings their total holdings to 146,754 shares, valued at $22,990,000.

The institutional investor's position in Salesforce represents a 118% increase from the previous quarter, according to its latest Form 13F filing with the SEC.

This is not an isolated incident, as other large investors have also modified their holdings of CRM. Prosperitas Financial LLC boosted its position by 4.7%, NEOS Investment Management LLC grew its holdings by 12.1%, and iSAM Funds UK Ltd increased its position by 236.8% in the second quarter.

Nykredit A S acquired a new position in Salesforce during the same period, worth approximately $52,087,000.