Institutional Portfolio Shifts

Vestcor Trims Holdings in Major US Companies as Other Institutions Actively Rebalance

Vestcor Inc trimmed stakes across multiple large U.S. companies, including Goldman Sachs Group (down 6.2% to 7,618 shares), Amgen (down 34.4% to 19,353 shares), Simon Property Group (down 5.4% to 46,755 shares), Encompass Health (down 6.5% to 80,345 shares), and Prologis (down 14.0% to 145,379 shares). Despite Vestcor’s reductions, other institutional investors increased positions in several of the same names, suggesting active portfolio rebalancing rather than a broad selloff across the board. For example, investors such as Peachtree and BI Asset Management added to Goldman Sachs, while Robeco and other funds boosted holdings in Amgen. In Encompass Health, very large increases by investors including Northwestern Mutual Wealth Management were reported, alongside additional buying by other asset managers. The coverage also notes that an Amgen senior vice president sold shares in a reported transaction, adding a company-level datapoint alongside the broader institutional activity.

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