Significant Changes in Carpenter Technology's Institutional Shareholdings

2 min read | November 11, 2024 09:43 PM PST | By Team Kalkine Media

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Significant Changes in Carpenter Technology's Institutional Shareholdings — Image source: Shutterstock

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Institutional investors make significant moves in Carpenter Technology

XML Financial LLC reduces its stake in CRS stock

Carpenter Technology sees major shifts in institutional holdings

Carpenter Technology Co. (NYSE:CRS) has experienced notable changes in its institutional shareholder base. XML Financial LLC recently reduced its stake by a significant margin, decreasing its holdings by half. After the adjustment, XML Financial LLC owns 3,000 shares in the company, following the sale of 3,000 shares during the third quarter.

In addition to this change, other institutional investors have also been adjusting their positions in Carpenter Technology. Vanguard Group Inc. slightly increased its shareholding by a small margin in the first quarter, now owning over five million shares of the company. American Century Companies Inc. made a substantial move in the second quarter, increasing its position by a considerable percentage, resulting in a significant number of additional shares owned. Wolf Hill Capital Management LP and Bayberry Capital Partners LP also added new positions in Carpenter Technology during the second and first quarters, respectively, further diversifying the investor landscape.

Assenagon Asset Management S.A. made an impressive leap in the third quarter, expanding its stake by over 1,500%. This sharp increase in shares brought their total holding to over 200,000 shares, reflecting strong interest from institutional investors in the company. Notably, the vast majority of Carpenter Technology’s shares—more than 90%—are held by institutional investors and hedge funds, highlighting the significant influence these entities have over the company’s ownership.

The continued changes in Carpenter Technology’s institutional investor landscape reflect the evolving nature of its shareholder base, with various institutional players adjusting their stakes to align with their strategic goals.

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