Japanese Financial Institution Acquires $1.18 Million Worth of Salesforce Shares
Asahi Life Asset Management CO. LTD., a financial institution, has recently made headlines by acquiring shares in Salesforce Inc. (NYSE:CRM). According to the company's most recent filing with the SEC, Asahi bought a new position in CRM during the 2nd quarter, purchasing 7,546 shares valued at approximately $1,182,000.
This is not an isolated incident; several other institutional investors and hedge funds have also made changes to their positions in CRM. Frazier Financial Advisors LLC, for instance, bought a new position in CRM during the second quarter worth about $62,000.
It's worth noting that Asahi Life Asset Management CO. LTD.'s acquisition of CRM shares is just one part of a larger trend where hedge funds and other institutional investors own 80.43% of the company's stock.