IBM Stake Reduced by Assenagon Asset Management S.A.
Assenagon Asset Management S.A., an institutional investor, reduced its stake in International Business Machines Corporation (NYSE:IBM) by 56.0% in the second quarter.
The company's holdings in IBM were worth $26,259,000 as of its most recent SEC filing.
This is not an isolated incident; several other institutional investors and hedge funds have modified their holdings of the business recently.