Daiwa Securities Group Inc. Bolsters Stake in International Business Machines Corporation
Daiwa Securities Group Inc. has increased its stake in International Business Machines Corporation (IBM) by 2.7% in the 2nd quarter, according to a recent Form 13F filing with the Securities & Exchange Commission.
The fund now owns 251,572 shares of IBM's stock, valued at $70,745,000, after purchasing an additional 6,579 shares during the period. This brings Daiwa Securities Group Inc.'s total holdings in International Business Machines to a significant position.
This is not the only institutional investor that has recently modified its holdings of IBM. Several other firms have also purchased or increased their stakes in the company, including Basepoint Wealth LLC and Bare Financial Services Inc., which saw an increase of 114.6% in its stake.