Los Angeles Capital Management's Latest Portfolio Updates

Portfolio Update: Los Angeles Capital Management has made strategic stock moves, decreasing positions in major companies like Amazon and Apple while significantly increasing their stake in Fortinet. Such shifts might influence stock prices and signal investor sentiment.

Date: 05-02-2025

AI Rating: 5

Portfolio Adjustments Impact Stock Dynamics

Los Angeles Capital Management LLC recently disclosed a portfolio update, revealing significant movements in their stock holdings as of December 31, 2024. These changes may impact the stock prices of the affected companies.

They sold off a substantial amount of shares, with a noteworthy decrease of -987,022 shares of Amazon (AMZN), translating to approximately $216,542,757. This reduction represents nearly 20% from their prior position, indicating a potential bearish outlook on AMZN, which might lead to a decline in its stock price.

Similarly, they decreased their share holding in TJX by -1,400,840 shares, valued at around $169,235,480, amounting to a staggering 77% decrease. This drastic move could reflect concerns about the retail sector or TJX's operational performance, likely putting downward pressure on its stock price.

On the other hand, Los Angeles Capital Management increased its position in Fortinet (FTNT) with an addition of 1,682,708 shares, valued at $158,982,252, which is a significant increase of 136%. This bullish stance might indicate a positive outlook for FTNT, possibly resulting in upward momentum in its stock price.

Other notable changes include a decrease of -307,958 shares in UnitedHealth Group (UNH), resulting in a substantial 95% drop, and a decrease of -612,212 shares in Apple (AAPL) or about 8%. The nature of these adjustments could influence market perception towards these companies.

Lastly, an addition of 169,520 shares of Netflix (NFLX) signifies a 41% increase, suggesting a modestly optimistic view on NFLX, which could favorably affect its stock performance.

In conclusion, these portfolio moves may play a crucial role in the stocks' future performance and reflect broader market sentiments.

Stocks: AMZN TJX FTNT UNH AAPL NFLX