By @natltoday
Publication Date: 2026-04-09 15:52:00
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McElhenny Sheffield Capital Management LLC decreased its holdings in International Business Machines Corporation (NYSE:IBM) by 63.3% in the 4th quarter, according to the company’s latest SEC filing. The firm now owns 2,211 shares of the technology company’s stock, down from 6,018 shares previously.
Why it matters
This filing indicates a shift in sentiment around IBM stock among some institutional investors, as the company navigates a transition towards cloud computing and other growth areas amid broader economic uncertainty.
The details
McElhenny Sheffield Capital Management sold 3,807 IBM shares during the quarter, leaving it with a $655,000 position in the stock as of the end of 2022. The firm’s IBM holdings now account for about 0.2% of its total…