IBM Shareholder Asset Management One Increases Stake by 2.3%

Asset Management One Co. Ltd., a Japanese institutional investor, has significantly increased its stake in IBM (NYSE:IBM) over the past quarter.

In its latest SEC filing, Asset Management One revealed it owns approximately 551,582 shares of IBM's stock, valued at $155.11 million as of the second quarter.

This represents a 2.3% increase in holdings compared to the previous quarter, with an additional 12,624 shares acquired during this period.