Institutional Investors Boost Holdings in General Motors

2 min read | November 03, 2024 10:20 AM PST | By Team Kalkine Media

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Minneapolis Portfolio Management Group LLC adjusts stake in General Motors

Other institutional investors increase holdings in the auto giant

General Motors remains a key player in investment portfolios

Minneapolis Portfolio Management Group LLC has reduced its holdings in General Motors (NYSE:GM) by a significant margin in the third quarter. According to the latest 13F filing with the Securities and Exchange Commission, the firm now holds approximately 532,155 shares of General Motors after selling a substantial number during the quarter. This adjustment places General Motors at about 3.1% of the firm's total investment portfolio, ranking it as the 21st largest holding.

In addition to Minneapolis Portfolio Management's changes, several other institutional investors have also made notable adjustments to their positions in General Motors. Nvwm LLC, for instance, has dramatically increased its stake in General Motors, owning over 33,000 shares after a significant purchase during the quarter. Van ECK Associates Corp has also enhanced its position, growing its holdings by 6%. Similarly, Fullcircle Wealth LLC and Chicago Partners Investment Group LLC have raised their stakes in the company, with Fullcircle acquiring additional shares to bring its total ownership to over 15,000 shares. Farther Finance Advisors LLC has also boosted its investment in General Motors by over 20%.

The trend among institutional investors underscores the ongoing interest in General Motors as a central figure in the automotive sector. With approximately 92.67% of the stock now held by institutional entities, General Motors continues to attract attention from significant financial players, reflecting confidence in the company's strategies and market position. As these adjustments take shape, General Motors remains poised for potential growth and continued relevance in investment discussions, demonstrating the firm's strength in adapting to market dynamics.

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