Stocks

Madison Asset Buys $12M Worth of Salesforce Stock Amid Hedge Fund Frenzy

Guavy AI Editorial Team Published August 21, 2026

Instruments

CRM

Madison Asset Management LLC recently purchased 76,505 shares of Salesforce Inc.'s stock for approximately $11.985 million during the second quarter, according to a recent filing with the Securities & Exchange Commission.

This purchase is one of several similar investments made by various hedge funds in Salesforce this year. Fred Alger Management LLC increased its stake in Salesforce by 0.3% during the third quarter and now owns 14,943 shares worth $3.548 million. Mowery & Schoenfeld Wealth Management LLC also boosted its position in Salesforce by 6.9% in the fourth quarter.

Salesforce's stock has been performing well recently, with a 52-week high of $269.11 and a current market cap of $168.65 billion. The company has a P/E ratio of 23.83 and a beta of 1.16. Its recent quarterly earnings report exceeded expectations, with revenue up 13.3% compared to the same quarter last year.

Madison Asset Buys $12M Worth of Salesforce Stock Amid Hedge Fund Frenzy

Walmart Stock Plunges 9% as Fuel Prices Pinch Consumer Spending

Walmart Warns High Gas Prices Are Squeezing Consumer Spending

Walmart Same-Store Sales Fall Short of Expectations Amid Consumer Spending Decline