AMETEK Sees Significant Stake Changes Among Institutional Investors

2 min read | December 19, 2024 09:20 AM PST | By Team Kalkine Media

AMETEK Sees Significant Stake Changes Among Institutional Investors — Image source: Shutterstock

Headlines

XTX Topco Ltd reduces AMETEK (NYSE:AME) stake by 87.3%
Institutional investors boost AMETEK holdings during the 3rd quarter
AMETEK remains a popular choice among institutional investors

XTX Topco Ltd Reduces AMETEK Stake

XTX Topco Ltd made significant changes to its holdings in AMETEK, Inc. selling over 10,000 shares during the 3rd quarter, reducing its stake by more than 87%. Following the transaction, the firm’s remaining shares in AMETEK amounted to 1,493, valued at $256,000 at the end of the quarter.

Institutional Activity in AMETEK

Several institutional investors have made adjustments to their positions in AMETEK during the same period. BNP Paribas Financial Markets, for instance, increased its holdings by 23.2%, acquiring additional shares and bringing its total to over 350,000. Sawgrass Asset Management LLC also expanded its position by 36.5%, purchasing more shares to reach a significant stake in AMETEK.

Taurus Asset Management LLC and Daiwa Securities Group Inc. also saw growth in their AMETEK positions. Taurus increased its stake by nearly 3%, while Daiwa’s acquisition boosted its holdings by 30.9%. Holocene Advisors LP made the most substantial increase, growing its position by over 140%, signaling a strong commitment to AMETEK's future.

Strong Institutional Ownership of AMETEK

Institutional investors now hold a dominant share of AMETEK, owning more than 87% of the company’s stock. This strong institutional backing reflects the confidence in AMETEK’s long-term prospects and growth potential within the technology sector.

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