Firetrail Investments Takes $1.91 Million Stake in International Business Machines Corporation

Firetrail Investments PTY Ltd., an institutional investor, purchased approximately $1.91 million worth of shares in International Business Machines Corporation (IBM) in the second quarter.

The purchase consisted of 6,820 shares, as reported in Firetrail's most recent Form 13F filing with the Securities & Exchange Commission.

This is not an isolated incident; several other large investors have also increased their stakes in IBM during this period.

For example, Brighton Jones LLC boosted its position by 12.4% during the fourth quarter and now owns 21,011 shares valued at $4.619 million.