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Pinnacle Holdings Takes $3.24M Bet on IBM Amid Hedge Fund Buying Spree

Guavy AI Editorial Team
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IBM
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Pinnacle Holdings LLC has taken a $3.24 million position in International Business Machines Corporation (IBM), according to its most recent Form 13F filing with the SEC.

The firm acquired 11,507 shares of IBM's stock, valued at approximately $3,236,000, in the second quarter.

This is not an isolated instance, as several other hedge funds have also modified their holdings of IBM. For example, LM Advisors LLC purchased a new position in IBM worth about $387,000, while Haverford Trust Co bought a new position worth approximately $4,832,000.

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