US Bancorp DE increased its stake in TD SYNNEX by 4.4% in the second quarter, adding 266 shares to a total of 6,361 shares valued at $863,000. The fund’s holdings now represent a significant portion of the company’s equity, reflecting confidence in its growth prospects. This move follows a broader trend of institutional investors expanding positions in the company.
LGT Fund Management Co Ltd also expanded its position by 75.7%, now owning 42,169 shares valued at $5,722,000 after purchasing 18,169 shares. Hennessy Advisors Inc., Ascent Group LLC, Mirae Asset Global Investments Co. Ltd., and Metropolis Capital Ltd. all added new positions, with values ranging from $92,000 to $115,168,000. These additions further increase institutional ownership, which now stands at 84% of the company’s shares.
Insider activity included a sale of 1,257 shares by Alim Dhanji and 861 shares by CFO Marshall Witt, totaling $179,009 and $129,012 respectively. Despite these sales, institutional ownership remains high, underscoring continued institutional support for TD SYNNEX. The disclosed transactions provide a clear snapshot of recent ownership changes and investor sentiment.
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