Why Are Institutional Investors Adjusting Their Positions in Pinterest (NYSE:PINS)?

February 10, 2025 01:33 AM PST | By Team Kalkine Media

Why Are Institutional Investors Adjusting Their Positions in Pinterest (NYSE:PINS)? — Image source: Shutterstock

Institutional Holdings in Pinterest See Notable Adjustments

Pinterest, Inc. (NYSE:PINS) has seen fluctuations in institutional ownership as major firms adjust their holdings. Recent filings highlight changes among institutional investors, influencing the ownership distribution of the company.

abrdn plc Reports a Reduction in Holdings

abrdn plc has reported a decrease in its stake in Pinterest, reducing its position by over a tenth. According to recent filings, abrdn plc now holds approximately 101,428 shares after selling a portion of its stake. The reported value of its remaining position is in the millions.

Large Transactions by Institutional Investors

Several major investment firms have been actively adjusting their Pinterest holdings. Point72 Asset Management L.P. initiated a new position in the company during the third quarter, with an investment valued in the nine-figure range. Similarly, Southpoint Capital Advisors LP also established a significant new stake in Pinterest during the same period.

Ontario Teachers Pension Plan Board increased its position in Pinterest by over half during the third quarter, adding nearly three million shares to its portfolio. Meanwhile, Nordea Investment Management AB more than doubled its stake in the fourth quarter, acquiring over two million additional shares.

Hedge Funds Continue to Maintain a Strong Presence

Institutional investors and hedge funds collectively hold the majority of Pinterest’s shares. Assenagon Asset Management S.A. significantly increased its stake during the fourth quarter, acquiring close to two million shares.

These adjustments in institutional ownership reflect the ongoing interest from major financial entities in Pinterest’s stock. With various firms increasing or decreasing their holdings, institutional activity remains a key factor in the company’s ownership structure.

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