Levin Capital Strategies Boosts IBM Stake to Over 110%
Levin Capital Strategies L.P., a prominent hedge fund, significantly increased its stake in International Business Machines Corporation (NYSE:IBM) by 113.8% during the second quarter, according to its latest SEC filing.
The firm acquired an additional 32,158 shares of IBM's stock, bringing its total holdings to 60,416 shares, which now comprise 1.1% of Levin Capital Strategies L.P.'s investment portfolio, making it the company's 24th largest holding.
The value of these holdings is approximately $16.99 million as of its most recent filing with the SEC.