Strs Ohio decreased its holdings in Viper Energy Inc. (NASDAQ: VNOM) by 87.7% in the third quarter, according to data from Holdings Channel. The investment firm sold 28,718 shares, leaving it with 4,035 shares valued at approximately $154,000 at the end of the period.
This reduction reflects a substantial shift in Strs Ohio’s investment allocation within the oil and gas sector during the quarter.
**Why this matters**
Changes in institutional holdings can indicate shifts in market sentiment or portfolio strategy. A large sell-off by a significant investor like Strs Ohio may influence other investors’ perceptions of Viper Energy’s stock prospects.
Source: NewsData