State of Alaska Cuts Stake in Major Stocks in Recent Filing

In a recent portfolio update, the State of Alaska's Department of Revenue reported significant decreases in holdings of several major stocks. This filing could impact stock prices as investors react to these moves.

Date: 28-01-2025

AI Rating: 5

Recent Moves by State of Alaska's Department of Revenue indicates substantial decreases in their equity positions. Notably, the Department has reduced its holdings by:

$FICO: Decreased by -11,375 shares (~$22,646,829), a notable drop of ~80%.
$AAPL: Decreased by -74,775 shares (~$18,725,156), which represents a smaller reduction of ~3%.
$BLK: Decreased by -16,796 shares (~$17,217,748), indicating a complete sell-off with a decrease of ~100%.
$META: Decreased by -25,416 shares (~$14,881,322), down by ~8%.
$AVGO: Decreased by -63,385 shares (~$14,695,178), marking a decrease of ~9%.
$GOOGL: Decreased by -72,315 shares (~$13,689,230), also down by ~9%.

These reductions indicate a strategic shift by the State of Alaska, potentially reflecting shifts in market sentiment, need for liquidity, or a revised investment strategy. Such moves can influence stock prices as other market participants may interpret these reductions as bearish signals or a lack of confidence in the companies involved.

Stocks: FICO AAPL BLK META AVGO GOOGL