Home Depot Sees Institutional Investor Shift
Penobscot Investment Management Company Inc., an investment firm, reduced its stake in Home Depot by 19.7% during the second quarter, according to a recent SEC filing.
The company's holdings in Home Depot were worth $11.5 million as of its most recent SEC filing.
This is not an isolated incident; several institutional investors and hedge funds have also made adjustments to their positions in HD over the past few quarters.