Stocks
PensionDanmark Boosts Stake in IBM Amid Hedge Fund Shift
PensionDanmark Pensionsforsikringsaktieselskab increased its stake in International Business Machines Corporation (IBM) by 13% during the second quarter, according to a recent filing with the Securities and Exchange Commission.
The firm now owns 186,873 shares of IBM's stock, worth $52.55 million as of its most recent SEC filing.
This is not an isolated instance; several other hedge funds have also adjusted their positions in IBM. For example, Norges Bank purchased a new stake in the company during the fourth quarter, valued at approximately $2.45 billion.