Bessemer's Expanded Holdings
Bessemer Group Significantly Boosts Q1 Stakes in ETFs, Walmart, Medline, and Medtronic
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Key Points
1
Bessemer's position in the iShares MBS ETF (MBB) increased to 1,596,964 shares in Q1, up 98,161 from the prior period, a 6.5% rise that equates to about 0.40% of the ETF.
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Bessemer's Walmart stake reached 4,312,421 shares after adding 65,445 in the quarter, and Walmart became one of its notable holdings (the 19th largest).
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Medline (MDLN) position was expanded to 3,504,006 shares after adding 3,495,136 in the quarter, with the stake valued at about $155.93 million.
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Insider activity at Medline included Douglas P. Golwas selling 100,000 MDLN shares on June 16 at an average price of $36.77, reducing his ownership to 23,899 shares (an about 80.71% decrease).
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In Medtronic (MDT), EVP Harry Skip Kiil sold 4,189 shares on June 8, leaving him with 37,227 shares valued at roughly $2.995 million, a 10.11% decrease in ownership.
Bessemer Group Inc. made one of its boldest portfolio moves in Q1 by nearly doubling its position in Medline Industries (MDLN), adding about 3.5 million shares for a total of 3,504,006 — a staggering 39,400% increase — valued at roughly $156 million, according to Watchlist News.
The firm also quietly expanded several other holdings. Its Walmart stake rose to 4.31 million shares, and its iShares Core S&P 500 ETF position grew to roughly 1.03 million shares worth about $671 million. The moves signal a broad, confident push across both equities and funds.
Medline Stake Explodes by Nearly 40,000 Percent
Bessemer's Medline position went from nearly nothing to 3,504,006 shares in a single quarter. The firm added 3,495,136 shares, making the stake worth about $155.93 million, according to Watchlist News. That kind of jump — 39,400% — is rare for an institutional investor of Bessemer's size and suggests a strong conviction buy.
But even as Bessemer bought in, insiders were selling. Douglas P. Golwas sold 100,000 MDLN shares on June 16 at an average price of $36.77. That cut his ownership from about 124,000 shares to just 23,899 — an 80.71% drop in his personal stake.
Medtronic and Walmart Stakes Get a Meaningful Lift
Bessemer raised its Medtronic (MDT) position by 16.6% in Q1, reaching about 4.75 million shares valued at roughly $412 million, per Ticker Report. The firm added around 676,000 shares to get there. Medtronic is a major medical device company, and the buy signals continued confidence in the healthcare sector.
Bessemer also added 65,445 Walmart shares, bringing its total to 4,312,421 — a 1.5% increase. Walmart is now the 19th largest holding in the firm's portfolio, making up about 0.8% of its total investments. At Medtronic, EVP Harry Skip Kiil sold 4,189 shares on June 8, leaving him with 37,227 shares worth about $2.995 million — a 10.11% personal ownership decrease.
ETF Positions Grow as Bessemer Spreads Its Bets
Bessemer's iShares MBS ETF (MBB) stake climbed 6.5% to 1,596,964 shares after the firm added 98,161 shares. The firm now holds about 0.40% of the entire ETF. MBB tracks mortgage-backed securities — essentially bonds tied to home loans — giving Bessemer exposure to the U.S. housing debt market.
The firm's iShares Core S&P 500 ETF (IVV) stake grew 6.3% to about 1.03 million shares, valued near $671 million. Separately, its Vanguard Growth ETF (VUG) position rose 11.3% to 364,752 shares worth $159.32 million, according to Watchlist News. Together, these ETF moves show Bessemer is hedging individual stock risk with broad market exposure.
Cisco Surges In, IBM Gets Trimmed Back
Not every move was a buy. Bessemer cut its IBM stake by 8.3% in Q1, bringing it to 770,200 shares — though that position is still worth about $186.70 million, per Ticker Report. IBM is a legacy tech giant, and the trim may reflect a shift toward faster-growing names.
On the other side, Bessemer boosted its Cisco Systems (CSCO) stake by 35.5% in the same quarter, according to Ticker Report. That is a large jump for a firm of Bessemer's size and points to growing interest in network infrastructure. The contrast with the IBM cut suggests the firm is rotating within tech — away from legacy hardware and toward networking.
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