Minneapolis Portfolio Management Cuts IBM Stake by 2%

Minneapolis Portfolio Management Group LLC has reduced its stake in International Business Machines Corporation (NYSE:IBM) by 2.0% during the second quarter, according to its recent Form 13F filing with the Securities and Exchange Commission.

The institutional investor owned 139,302 shares of IBM's stock after selling 2,802 shares during the quarter, making it the company's 11th biggest position in their holdings, which account for approximately 3.7% of its portfolio.

Minneapolis Portfolio Management Group LLC's holdings in International Business Machines were worth $39,173,000 at the end of the most recent quarter.