Institutional Investors Flock to IBM with Caisse de depot et placement du Quebec's $63M Bet

Caisse de depot et placement du Quebec has made a significant investment in International Business Machines Corporation, purchasing 223,498 shares valued at approximately $62,850,000. This is not an isolated instance, as several other institutional investors have also added to their stakes in the technology company.

The institutional investor Caisse de depot et placement du Quebec purchased a new position in International Business Machines Corporation during the second quarter, according to its most recent filing with the Securities & Exchange Commission. This move is significant, as 58.96% of the stock is owned by hedge funds and other institutional investors.

Other notable investors who have increased their stakes in IBM include BlackRock Inc., State Street Corp, Geode Capital Management LLC, Capital World Investors, and Bank of America Corp DE. BlackRock Inc. purchased a new position valued at about $21,586,659,000.