Sapient Capital Trims Holdings in CocaCola as Hedge Funds Adjust Positions

Coca-Cola's institutional investor, Sapient Capital LLC, has trimmed its holdings in shares of CocaCola Company (The) (NYSE:KO) by 6.1% in the second quarter, according to a recent filing with the Securities and Exchange Commission.

The firm owned 264,369 shares of the company's stock after selling 17,289 shares during the period, worth $21,625,000 at the end of the most recent reporting period.

This is not an isolated instance, as other hedge funds have also modified their holdings of Coca-Cola. Norges Bank acquired a new position in CocaCola during the fourth quarter worth $3,865,807,000, while Cardano Risk Management B.V. lifted its holdings in CocaCola by 867.2% in the fourth quarter.

Bank of America Corp DE boosted its position in shares of Coca-Cola by 29.2% during the 4th quarter, and Capital World Investors boosted its position in shares of Coca-Cola by 98.7% during the same period.