IBM Stake Cut by 86% as Bluefin Unloads Shares
Bluefin Capital Management LLC has reduced its stake in International Business Machines Corporation (NYSE:IBM) by 86.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor now owns 805 shares of IBM's stock after selling 5,170 shares during the period.
The value of Bluefin Capital Management LLC's holdings in International Business Machines was $226,000 as of its most recent filing. Other hedge funds have also made changes to their positions in the company, with BlackRock Inc. acquiring a new position worth about $21,586,659,000 during the 2nd quarter.
Norges Bank acquired a new position in shares of International Business Machines in the 4th quarter worth approximately $2,446,429,000. Legal & General Group Plc bought a new stake in shares of International Business Machines in the 2nd quarter valued at $1,874,733,000.