Fisher Cuts Stake in IBM Amid OpenAI Partnership

Fisher Funds Management LTD reduced its holdings in International Business Machines Corporation (NYSE:IBM) by 5.5% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission.

The fund owned 65,349 shares of the technology company's stock after selling 3,786 shares during the quarter.

Fisher Funds Management LTD's holdings in International Business Machines were worth $18,377,000 at the end of the most recent reporting period.

This is not the only change to the company's stock ownership; several other hedge funds have also made adjustments to their positions in IBM during this quarter.