Corient Private Wealth LP Cuts Salesforce Holdings by 32.1% Amid Strong Earnings Growth
Corient Private Wealth LP decreased its holdings in Salesforce Inc. by 32.1% during the second quarter, selling 134,172 shares of CRM stock. The firm now owns 283,337 shares of Salesforce, valued at $44,389,000 as of its most recent filing with the Securities & Exchange Commission.
This move is part of a larger trend in institutional investors adjusting their positions in Salesforce. In the fourth quarter, Commonwealth Retirement Investments LLC purchased a new stake in CRM worth around $25,000, while Manning & Napier Advisors LLC bought a new stake valued at approximately $26,000.
Despite these changes, 80.43% of Salesforce's stock is currently owned by institutional investors. This level of ownership suggests that the company remains an attractive investment opportunity for large-scale investors.