IBM Shareholder Del Sette Capital Management Sells Majority of Stake

Del Sette Capital Management LLC reduced its holdings in International Business Machines Corporation (NYSE:IBM) by 92.3% in Q2, according to a recent SEC filing.

The fund now owns 870 shares of IBM's stock, valued at $245,000.

This move is just one part of a larger trend, as other institutional investors also modified their holdings in IBM during the period.

Quantum computing's potential to undermine current encryption could drive post-quantum cybersecurity spending through 2030, benefiting companies like IBM.