Oracle stake raised by Maryland pension fund, trimmed by King Luther Capital
· 2 sources
MarketBeat reports 13F filings showing Maryland State Retirement & Pension System added to Oracle shares while King Luther Capital Management cut its position.
What happened
MarketBeat reports on two institutional investors that changed their holdings in Oracle Corporation (NYSE: ORCL) in the third quarter, based on their latest 13F filings with the SEC. One increased its position and the other reduced it.
According to MarketBeat, Maryland State Retirement & Pension System raised its stake by 13.3% and owned 104,816 shares of the enterprise software provider. King Luther Capital Management Corp lowered its stake by 12.2% in the same quarter and owned 1,294,089 shares.
Context
Form 13F filings are quarterly reports that institutional investment managers submit to the SEC to disclose the equity holdings they manage.
Why it matters
Institutional ownership changes disclosed in 13F filings are one of the ways investors can see how large funds have adjusted their exposure to a company like Oracle.
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