Daiwa Portfolio Rebalancing
Daiwa Securities Rebalances Portfolio, Cutting ServiceNow Stake and Increasing Other Key Holdings
Daiwa Securities Group Inc. made notable portfolio changes across several large U.S.-listed stocks, according to recent filings and investment-tracking reports. In ServiceNow, Daiwa cut its stake by 65.4%, trimming 443,940 shares and leaving it with about 234,475 shares worth roughly $35.9 million, even as other investors moved both into and out of the software company. For Cisco Systems, Daiwa slightly increased its position by 0.6% to about 1.22 million shares, and the stock’s latest earnings coverage was also tied to an upcoming quarterly dividend. Daiwa also boosted holdings in Amgen by 1.4% (to about 238,742 shares worth roughly $78.1 million) alongside broader institutional activity, including large positions from major global managers. On the financial and infrastructure sides, Daiwa increased its stake in Bank of America by 1.3% and raised its investment in Crown Castle by 9.7%, reflecting continued buying interest across banking and telecom real estate.
Key Points
For ServiceNow, analyst coverage cited in the reporting included UBS reiterating an “outperform” rating and BMO Capital Markets cutting its ServiceNow price target to $115 from $120, while also keeping an “outperform” rating.
The ServiceNow story also notes that institutional investors own 87.18% of the company’s stock, underscoring how widely held NOW is among asset managers.
On Cisco Systems’ dividend timing, the article specifies a quarterly dividend of $0.42 per share, payable on Wednesday, July 22, with stockholders of record as of Monday, July 6.
For Amgen, the reporting highlights both investor activity and company-specific momentum, including: Norges Bank initiating a new Amgen stake worth about $2.164 billion, and an “European Commission approval for Imdelltra” that the article frames as expanding Amgen’s cancer-treatment revenue opportunity in Europe.
In Crown Castle, beyond the 9.7% stake increase, the article adds portfolio context—Crown Castle is described as about 1.2% of Daiwa’s portfolio and its 14th largest position—along with Daiwa’s ending position of 4,312,955 shares worth about $383.3 million.
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