Stocks
Patron Partners Invests Heavily in IBM Amid Growing Institutional Ownership
Patron Partners LLC acquired a new position in International Business Machines Corporation (NYSE:IBM) worth approximately $798,000 in the second quarter.
The firm purchased 2,839 shares of IBM's stock. This is not the only recent investment in IBM by Patron Partners, however - its total stake in the company is valued at over $1 billion.
The institutional ownership of IBM stands at 58.96%, with various other hedge funds also acquiring new positions or increasing their existing stakes in the technology giant.