Strs Ohio decreased its holdings in Allison Transmission Holdings, Inc. (NYSE: ALSN) by 90.3% during the third quarter, according to a recent SEC filing. The fund sold 18,742 shares, leaving it with 2,008 shares of the company’s stock at the end of the period.
This reduction reflects a major shift in the fund’s investment position in the auto parts manufacturer during the quarter.
**Why this matters**
Changes in institutional holdings can signal shifts in market sentiment or adjustments to portfolio strategies. A significant reduction by a major investor like Strs Ohio may influence other investors’ perceptions of Allison Transmission’s outlook or valuation.
Source: NewsData