Strategic Advisors Cuts Stake in IBM Amid Quantum Computing Push

Strategic Advisors LLC has significantly reduced its stake in International Business Machines Corporation (NYSE:IBM), lowering it by 24.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.

The fund owned 7,587 shares of the technology company's stock after selling 2,405 shares during the quarter. Strategic Advisors LLC's holdings in International Business Machines were worth $2,134,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company, including Assetmark Inc., GLOBALT Investments LLC GA, Rice Partnership LLC, Sage Investment Advisers LLC, and Flputnam Investment Management Co.