IBM Shareholder Cuts Stake by 92.5% Amid Broader Market Volatility

OFI Invest Asset Management significantly reduced its stake in International Business Machines Corporation (IBM) by 92.5% in the second quarter, according to a recent SEC filing.

The institutional investor sold 169,583 shares of IBM's stock during this period and now owns 13,758 shares worth $3,719,000.

This move is notable as part of broader changes in holdings by other investors. For instance, Basepoint Wealth LLC acquired a new position in International Business Machines in the fourth quarter valued at approximately $25,000.

As of its latest SEC filing, institutional investors and hedge funds collectively own 58.96% of IBM's stock.