Stocks
Junto Capital Cuts Boeing Holdings by 37% Amid Industry Shifts
Junto Capital Management LP has reduced its stake in The Boeing Company (NYSE:BA) by 37% in the second quarter, according to its latest 13F filing. This decrease is a significant drop from the previous period.
The institutional investor now owns 199,292 shares of Boeing's stock after selling 117,240 shares during this time. Junto Capital Management LP's holdings in Boeing were valued at $43,141,000 as of its most recent SEC filing.
This is not an isolated incident; other hedge funds have also adjusted their positions in the company. For instance, XML Financial LLC increased its stake in Boeing by 0.5% in the fourth quarter and now owns 8,905 shares worth $1,933,000.