Artemis Investment Management Updates Portfolio Holdings

Artemis Investment Management has recently updated its portfolio. The latest moves indicate a significant decrease in their holdings of Apple and Ryanair, while they increased positions in Wells Fargo and AbbVie. Such moves could influence stock prices in the respective sectors.

Date: 17-01-2025

AI Rating: 5

Stock Moves Analysis: Artemis Investment Management LLP's recent 13F filing highlights substantial changes in their stock positions, which could impact investor sentiment and market activity.

**Apple (AAPL)**: The decrease of -444,419 shares represents a -67% drop and a loss of approximately -$111 million, indicating a potential negative outlook for Apple's stock in the near term.
**Ryanair (RYAAY)**: A sharp decrease of -2,470,903 shares (~-62%) amounting to ~-$107 million suggests a significant exit, which may raise concerns about the airline's performance.
**Wells Fargo (WFC)**: The addition of 1,105,679 shares (~+$77 million) reflects a strong increase of ~411%, which could signal positive sentiment towards the bank and possibly boost its stock value.
**AbbVie (ABBV)**: An increase of 417,839 shares (~+$74 million), a rise of 633%, indicates a strong bullish stance, which could positively influence investor perception.
**Horizon Global (HRI)**: The addition of 376,119 shares (increase labeled as ~inf%) suggests substantial confidence, potentially impacting stock performance positively.
**Newmont Corporation (NEM)**: A complete divestment of -1,854,180 shares, indicating a negative shift and potentially adversely affecting stock prices.

In summary, the portfolio adjustments made by Artemis suggest shifting strategies among major players, which can significantly influence market trends and individual stock performance.

Stocks: AAPL RYAAY WFC ABBV HRI NEM