Investor Stakes Diverge
NFJ Investment Group Trims Positions in Companies as Other Major Managers Boost Stakes
Anonymous
Key Points
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For The Cooper Companies (COO), NFJ reported holding 85,579 shares after selling 11,719 shares in the quarter; the stake was valued at $7,014,000 in its latest SEC filing, and hedge funds/other institutions owned 24.39% of COO’s stock.
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In EOG Resources (EOG), NFJ cut its stake by 3.9% to 169,819 shares after selling 6,966 shares; the value of the holding was $17,833,000, and institutional/hedge fund ownership was reported at 89.91%.
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EOG analyst coverage was mixed: along with Raymond James raising its target to $185 (strong-buy) and Susquehanna lifting to $162 (positive), Stephens lowered its price target from $170 to $167 in a separate report.
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For Community Financial System (CBU), NFJ described the trimmed stake as its 20th-largest holding and said CBU made up 1.4% of its portfolio; additionally, director Eric Stickels sold 2,000 shares in a transaction dated June 8.
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In C.H. Robinson (CHRW), NFJ held 181,842 shares after selling 28,608 shares in the quarter; Vanguard increased its position by 2.6% to 14,565,409 shares (valued at $2,341,535,000) and State Street increased by 5.7% to 7,420,768 shares ($716,423,000).
NFJ Investment Group LLC cut its stake in The Cooper Companies by 12% last quarter, selling 11,719 shares and leaving the firm with 85,579 shares worth $7,014,000, according to WatchlistNews. The value-focused manager also trimmed holdings in EOG Resources, Community Financial System, and C.H. Robinson Worldwide by 3.9%, 4.2%, and 13.6%, respectively.
The moves come as NFJ — which follows a dividend-focused, low-expectation investing style — rebalances amid what analysts describe as a broader rotation away from cyclical sectors. But where NFJ sold, giants like Vanguard and Norges Bank were buying.
Cooper Companies Cut as Piper Sandler Lowers Target
NFJ's 12% reduction in The Cooper Companies came as Piper Sandler analyst Jason Bednar lowered his price target on COO to $86 from $94, according to Investing.com. Bednar kept an "Overweight" rating but cited potential growth recalibration in fiscal 2026. The contact lens and surgical device maker has faced headwinds in its CooperSurgical division.
Other large managers moved in the opposite direction. Hedge funds and institutions collectively own 24.39% of COO's stock, per WatchlistNews. Independent research firm TickerSpark set a fair value of $92 on the shares — well above Piper Sandler's target — calling COO a "solid medium-term compounder."
EOG Resources Gets Mixed Analyst Signals After Modest NFJ Trim
NFJ sold 6,966 shares of EOG Resources, trimming its position by 3.9% to 169,819 shares valued at $17,833,000. The cut was modest, but analyst opinion on EOG is sharply split. Raymond James raised its price target to $185 with a "Strong Buy" rating, pointing to EOG's strong balance sheet and its pledge to return 90–100% of free cash flow to shareholders, according to TickerReport.
Susquehanna also lifted its target, to $162. But Stephens moved the other way, lowering its target from $170 to $167, with analyst Mike Scialla flagging a softer pricing backdrop and EOG's shift toward capital discipline over oil volume growth. Institutions own 89.91% of EOG's stock — one of the highest ownership concentrations among the four names NFJ trimmed.
Norges Bank Pours In as NFJ and an Insider Both Exit Community Financial
NFJ cut its Community Financial System (CBU) position by 4.2%, leaving it as the firm's 20th-largest holding at 1.4% of its portfolio, per WatchlistNews. On June 8, Director Eric Stickels sold 2,000 CBU shares at $63.98 each — a transaction worth roughly $127,962 and representing about a 6% reduction in his direct holdings, according to Investing.com.
Despite those exits, Norway's sovereign wealth fund Norges Bank disclosed a new stake of 678,844 CBU shares, a purchase valued near $39 million, per MarketBeat. The move signals global appetite for CBU, which has raised its dividend for 28 consecutive years. Raymond James holds a $75 price target on the stock against a consensus of $69.75.
Vanguard and State Street Buy the Dip NFJ Left in C.H. Robinson
NFJ's biggest cut was in C.H. Robinson, where it sold 28,608 shares — a 13.6% reduction — leaving it with 181,842 shares, according to TickerReport. The logistics firm sits in a cyclical sector that NFJ appears to be retreating from. But index heavyweights moved firmly the other way.
Vanguard grew its CHRW stake by 2.6% to 14,565,409 shares worth $2,341,535,000. State Street increased by 5.7% to 7,420,768 shares valued at $716,423,000, per MarketBeat. Institutions now own 99.7% of CHRW's outstanding stock. The divergence reflects a clear split: active value managers are pulling back while passive giants keep accumulating logistics exposure.
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