Valeo Financial Advisors LLC decreased its holdings in Snowflake Inc. (NYSE: SNOW) by 18.1% during the third quarter. The firm sold 2,403 shares, leaving it with a total of 10,844 shares at the end of the period, according to its latest filing with the Securities and Exchange Commission.
The reduction reflects a strategic adjustment in Valeo Financial Advisors’ portfolio during the quarter.
**Why this matters**
Changes in institutional holdings can signal shifts in market sentiment or portfolio strategy. Investors often monitor such moves to gauge confidence levels among professional asset managers regarding a company’s future prospects.