Groupama Asset Management Sells Thousands of IBM Shares

Groupama Asset Management decreased its holdings in International Business Machines Corporation (NYSE:IBM) by 34.5% during the first quarter, according to a recent 13F filing with the Securities & Exchange Commission.

The institutional investor sold 3,404 shares of IBM's stock, reducing its position from 6,451 shares worth $1,564,000 at the end of the reporting period.

Other institutional investors have also made changes to their holdings in IBM, including Basepoint Wealth LLC and Family CFO Inc, which bought new positions valued at approximately $25,000 each.