Pictet Cuts Stake in IBM, Reduces Holdings by 4.7%
Pictet Asset Management Holding SA has reduced its stake in International Business Machines Corporation (NYSE:IBM) by 4.7% during the second quarter, according to a recent 13F filing with the Securities and Exchange Commission.
The institutional investor owned 725,515 shares of IBM's stock after selling 35,662 shares during the quarter.
Pictet Asset Management Holding SA held approximately 0.08% of International Business Machines worth $204,022,000 as of its most recent filing with the SEC.