CTC Alternative Strategies Takes $705K Position in Salesforce

CTC Alternative Strategies Ltd., an investment firm, has taken a $705,000 position in Salesforce Inc. (NYSE:CRM), according to its latest filing with the Securities and Exchange Commission (SEC). The firm purchased 4,500 shares of CRM stock during the second quarter.

This is not an isolated instance; several other large investors have also adjusted their stakes in CRM. Fred Alger Management LLC increased its holdings by 0.3% in the third quarter, while Synergy Financial Group LTD raised its position by 2.4% during the same period.

Additionally, CBIZ Investment Advisory Services LLC boosted its stake in CRM by 35.4% in the fourth quarter, and Krane Funds Advisors LLC increased its position by 0.7% during the first quarter. Institutional investors hold approximately 80.43% of CRM's stock.