Confluence Cuts Stake in Cisco Systems Amid Market Volatility
Confluence Investment Management LLC decreased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 45.4% during the second quarter, according to a recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 841,787 shares of the network equipment provider's stock after selling 699,159 shares during the quarter.
Cisco Systems makes up about 1.5% of Confluence Investment Management LLC's holdings, making it the company's 25th largest position. Confluence Investment Management LLC's holdings in Cisco Systems were worth $98,876,000 at the end of the most recent quarter.
Other hedge funds and institutional investors also recently bought and sold shares of the company. Brighton Jones LLC increased its position in shares of Cisco Systems by 49.5% during the fourth quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Cisco Systems by 37.0% in the fourth quarter.