Partners Capital Investment Group Buys into Salesforce with $2M Stake

Partners Capital Investment Group LLP has acquired new holdings in Salesforce Inc. (NYSE:CRM) in its latest disclosure to the Securities and Exchange Commission (SEC). The company bought 12,931 shares of Salesforce's stock for approximately $2,026,000.

This is not an isolated instance; other hedge funds have also recently bought or sold shares of the CRM provider. Commonwealth Retirement Investments LLC, Gilpin Wealth Management LLC, Persistent Asset Partners Ltd, and Gables Capital Management Inc. all acquired new positions in Salesforce during various quarters this year.

The institutional investor landscape for Salesforce is substantial, with 80.43% of its stock owned by institutional investors and hedge funds. This has implications for the company's earnings outlook and growth potential.