West Branch Capital Sells Most of Its IBM Stake Amid Investor Shifts

West Branch Capital LLC reduced its holdings in International Business Machines Corporation (IBM) by 73.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission.

The fund owned 1,871 shares of IBM's stock after selling 5,132 shares during the quarter. West Branch Capital LLC's holdings in International Business Machines were worth $526,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of IBM by 1.5% in the fourth quarter and now owns 97,216,131 shares valued at $28,796,390,000 after purchasing an additional 1,439,824 shares during the last quarter.

IBM reported a quarterly earnings per share (EPS) of $2.93, meeting analysts' consensus estimates, on revenue of $17.16 billion for the quarter, compared to analysts' expectations of $17.46 billion.