Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Stocks

Payden & Rygel Cuts Stake in IBM Amid Mainframe Shift

Guavy AI Editorial Team
Instruments
IBM
Share

Payden & Rygel, an investment firm, has reduced its stake in International Business Machines Corporation (IBM) by 16.2% in the second quarter, according to a recent Form 13F filing with the SEC.

The company owned 75,500 shares of IBM's stock after selling 14,600 shares during the quarter, making it the firm's 20th biggest position at approximately 1.6% of its investment portfolio, worth $21.23 million at the end of the most recent quarter.

IBM's mainframes have been opened to Arm architecture, which could broaden demand among enterprise customers and strengthen the company's infrastructure strategy.

More on Stocks

Stocks just now

XLP Investors Urged to Consider Direct Holdings in KO, PG, and MO

Stocks 1m ago

Carbondale Business Celebrates 75 Years in Beverage Industry

Stocks 2m ago

Coca-Cola Demolishes Vacant Building in Grand Rapids Amid Truck Parking Needs

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy