Institutional Portfolio Shifts.
CenterBook Partners Makes Key Equity Adjustments: Adds Walmart, Trims Tech, Cuts Visa.
CenterBook Partners LP disclosed multiple changes to its equity holdings, including adding to Walmart by purchasing about 215,000 shares for roughly $24 million and taking the retailer to about 1.2% of its portfolio. In semiconductors, the firm cut its ASML position by 34.1% to about 9,000 shares (roughly $9.7 million), while it trimmed Similarweb by 18.6% to about 961,000 shares (about $7.2 million). CenterBook also increased its stake in N-able by 32.6%, raising its position to about 1.085 million shares (around $8.1 million). For payments, it reduced Visa by 14.0% to about 85,600 shares (around $30.0 million), even as the company conducts tests of private stablecoin settlement with Brale on the Canton Network. Across these names, other institutional investors were also actively adjusting their stakes, reflecting broad engagement with the companies even as CenterBook alternated between trimming and adding exposure.
Key Points
In Walmart (WMT), CenterBook said it bought 214,991 shares (~$23.95 million) and that the position makes up about 1.2% of its portfolio—also described as CenterBook’s 10th-largest holding. The article adds that 26.76% of WMT is owned by hedge funds and other institutional investors, and notes Bay Harbor Wealth Management grew its stake by 57.4% to 288 shares.
For ASML, CenterBook reported it owned 9,064 shares after selling 4,682 during the quarter (worth about $9.697 million). The piece also states institutional investors own 26.07% of ASML’s stock and highlights other activity—for example, AllianceBernstein increased its ASML stake by 75.6% to 790,869 shares.
For Similarweb (SMWB), CenterBook trimmed its stake by 18.6%—selling 219,970 shares—and ended the quarter owning 960,996 shares (about $7.198 million). The article adds that 57.59% of SMWB is held by hedge funds and other institutional investors, and cites other big moves such as Phoenix Financial Ltd. increasing its stake by 43.2% to 4,285,786 shares.
For N-able (NABL), CenterBook increased its holding by 32.6%, buying an additional 266,806 shares to reach 1,084,990 shares (about $8.116 million). The article also says hedge funds and other institutional investors own 96.35% of NABL’s stock and notes analyst/target changes including Needham & Company cutting its price target from $8.00 to $6.50 while maintaining a “buy” rating.
For Visa (V), the reported 14.0% trim left CenterBook owning 85,614 shares after selling 13,891 during the quarter (about $30.026 million). The article specifies Visa is CenterBook’s 5th-largest holding and about 1.5% of its portfolio, and adds that institutional investors and hedge funds own 82.15% of Visa’s stock.
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