Recent filings with the Securities and Exchange Commission (SEC) offer a glimpse into the investment strategies of major firms during the fourth quarter. Let's take a look at some key movements made by Elk River Wealth Management LLC and Mutual of America Capital Management LLC.
Elk River Wealth Management's Alphabet Adjustment
Elk River Wealth Management LLC made a slight adjustment to its holdings in Alphabet Inc. (NASDAQ:GOOGL). The firm reduced its position by 1.1%, selling off 1,060 shares. This move left Elk River Wealth Management with a total of 97,629 shares of the information services provider's stock, according to their latest 13F filing with the SEC. This small change reflects a possible strategic portfolio rebalancing by the firm.
Mutual of America Capital Management's Activity
Mutual of America Capital Management LLC has been actively adjusting its portfolio, making moves in several different companies. Their recent 13F filings reveal a mixed approach to their investments.
On one hand, the firm increased its holdings in KeyCorp (NYSE:KEY). They acquired an additional 1,448 shares, representing a 0.9% increase in their stake. This brings their total ownership to 159,496 shares. This move suggests a positive outlook on the financial services provider.
However, Mutual of America Capital Management also reduced its positions in other companies. The firm trimmed its stake in GXO Logistics, Inc. (NYSE:GXO) by 2.2%, selling 1,452 shares. After this adjustment, they held 63,115 shares of the logistics company. This indicates a potential shift in investment strategy or a less optimistic view of GXO's future performance.
Changes in Affiliated Managers Group Holdings
Finally, Mutual of America Capital Management LLC also reduced its holdings in Affiliated Managers Group, Inc. (NYSE:AMG). The firm sold 149 shares, a decrease of 0.9%, leaving them with 15,965 shares of the asset manager's stock. These adjustments, as detailed in the SEC filings, provide a snapshot of the evolving investment landscape and the strategies employed by major institutional investors.
It is important to note that these filings reflect activity from the fourth quarter and may not represent current holdings. However, they offer valuable insights into the decision-making processes of these influential investment firms.