Optas LLC Raises Its Advanced Micro Devices Stake in Latest 13F Filing
· 1 sources
MarketBeat reports Optas LLC increased its holding in Advanced Micro Devices by 71.5% in the third quarter, based on its latest 13F filing with the SEC.
What happened
MarketBeat reports that Optas LLC expanded its position in Advanced Micro Devices (NASDAQ: AMD) during the third quarter. The information comes from the fund's most recent 13F filing with the Securities & Exchange Commission.
According to the filing as described by MarketBeat, the stake grew by 71.5%. The fund held 14,392 shares of the semiconductor manufacturer.
Context
Institutional investment managers file 13F reports with the SEC to disclose the equity holdings they manage, and these filings are often used to track changes in fund positions.
Why it matters
Changes in institutional holdings reported in 13F filings can offer a view of how some funds are positioned in a company, though they do not by themselves indicate future performance.
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