In the third quarter, Great Lakes Advisors LLC significantly decreased its investment in EverQuote, Inc. (NASDAQ: EVER). The firm sold 78,874 shares, cutting its total holdings to 79,401 shares, a reduction of 49.8%, according to the latest SEC filing.
This move reflects a notable change in the fund’s position in EverQuote during the recent quarter, though the reasons behind the sale were not disclosed.
**Why this matters**
Changes in institutional holdings can signal shifts in market sentiment or adjustments in portfolio strategy. Investors often monitor such transactions to gauge confidence levels among major shareholders in a company’s future performance.
Source: NewsData