The fourth quarter saw several institutional investors actively adjusting their stock portfolios, according to recent SEC filings and reports. This activity provides valuable insights into market trends and investor confidence in various sectors.
New York State Common Retirement Fund's Moves
The New York State Common Retirement Fund made notable adjustments to its holdings in several companies. The fund increased its position in Coursera, Inc. (NYSE:COUR) by 6.4%, acquiring an additional 2,552 shares to bring its total holdings to 42,368 shares. 
Simultaneously, the fund also boosted its stock holdings in Kosmos Energy Ltd. (NYSE:KOS) by 3.8%, resulting in a total of 171,852 shares of the oil and gas producer.
These moves suggest a strategic reallocation of assets within the fund's portfolio, possibly driven by expectations of future growth in the education and energy sectors.
IFP Advisors Inc's Activity
IFP Advisors Inc also actively managed its portfolio during the fourth quarter. The firm reduced its stake in BCE Inc. (NYSE:BCE – Free Report) (TSE:BCE) by 34.0%, selling 2,774 shares and holding 5,373 shares valued at $125,000. However, it significantly increased its holdings in CRH plc (NYSE:CRH) by 91.8%, acquiring 762 additional shares, bringing the total value of its CRH holdings to $147,000. 
This contrasting activity – reducing exposure to BCE while increasing investment in CRH – could reflect a shift in investment strategy towards the construction sector and away from utilities.
Other Notable Adjustments
Truist Financial Corp also made adjustments, increasing its stake in Commercial Metals (NYSE:CMC) by 3.5% during the fourth quarter. This involved acquiring an additional 242 shares, resulting in a total of 7,150 shares worth $355,000. The increase signals confidence in the basic materials sector.
Spotlight on Enterprise Products Partners
Amidst these portfolio adjustments, Enterprise Products Partners (NYSE: EPD) emerges as a compelling high-yield midstream investment. Trading at a price accessible to modest investors, Enterprise offers a substantial 6.3% distribution yield, significantly higher than the S&P 500 index's 1.2% yield.
"Enterprise owns a vast collection of energy infrastructure assets located across North America. Its portfolio includes pipelines, storage, processing, and transportation assets, all of which tend to produce reliable, fee-based cash flow."
The company's extensive energy infrastructure assets across North America provide a stable, fee-based cash flow, making it an attractive option for investors seeking reliable income. 
In conclusion, the fourth quarter saw active portfolio management by institutional investors, reflecting their strategies for navigating market conditions and capitalizing on potential growth opportunities. Enterprise Products Partners stands out as a strong contender for high-yield midstream investment.