Great Lakes Advisors Reduces Stake in Cisco Systems by $23M

Great Lakes Advisors LLC has a significant stake in Cisco Systems Inc., holding approximately $169.47 million worth of shares, according to its most recent disclosure with the Securities and Exchange Commission.

The investment firm reduced its holdings in Cisco Systems by 13.9% in the second quarter, selling 232,722 shares during the period.

Cisco Systems accounts for about 1.3% of Great Lakes Advisors LLC's investment portfolio, making it the company's 15th largest holding.

Other large investors have also been buying and selling Cisco Systems shares. Brighton Jones LLC lifted its holdings by 49.5% in the fourth quarter, while Revolve Wealth Partners LLC raised its position by 37.0% during the same period.