Syntax Research Inc. Cuts Boeing Stake by 60.3%

Boeing's biggest institutional shareholder, Syntax Research Inc., has significantly reduced its stake in the company. The investor sold 6,732 shares during the second quarter, cutting its position by 60.3%. Despite this reduction, Boeing still accounts for a substantial 0.7% of Syntax Research Inc.'s portfolio.

The value of Syntax Research Inc.'s holdings in Boeing as of its most recent filing with the Securities and Exchange Commission was $957,000. This is a significant amount considering that institutional investors and hedge funds own 64.82% of Boeing's stock.

Other notable institutional investors have also made moves in Boeing during the second quarter. Jupiter Topco LLC purchased a new position valued at $911,878,000, while Bank of New York Mellon Corp acquired a new stake worth approximately $747,763,000. Legal & General Group Plc and Mitsubishi UFJ Asset Management Co. Ltd. also bought into Boeing.