Corient Private Wealth LLC Reduces Lam Research Position in Latest 13F Filing

Corient Private Wealth LLC Reduces Lam Research Position in Latest 13F Filing

Corient Private Wealth LLC has recently disclosed a significant reduction in its stake in Lam Research (NASDAQ: LRCX) as part of its latest SEC 13F filing. The hedge fund sold 273,710 shares of the electronics giant, marking a 2% decrease in its position.

A Closer Look at the Trade

Following this transaction, Corient Private Wealth LLC’s holdings in Lam Research now stand at a market value of $361.84 million, representing 0.81% of its overall portfolio. Despite the reduction, the firm still owns approximately 0.12% of Lam Research’s total outstanding shares. This move aligns with the fund’s broader strategy within the electronics industry, which has been a volatile sector due to fluctuating demand and supply chain challenges.

Why is Corient Private Wealth LLC Adjusting Its Position in Lam Research?

Investors may wonder about the rationale behind this adjustment. Lam Research operates in the electronics sector, a space closely tied to semiconductor manufacturing and technology innovation. Corient Private Wealth LLC’s decision to trim its stake could reflect a desire to rebalance its portfolio amidst changing market conditions or capitalize on gains from Lam Research’s recent performance.

How Much of Lam Research Does Corient Private Wealth LLC Own?

As of the latest filing, Corient Private Wealth LLC holds a 0.12% ownership stake in Lam Research. This positions the firm as a notable institutional investor in the company, even after the recent reduction.

Portfolio Impact

The reduction in Lam Research shares has brought the stock’s weight in Corient Private Wealth LLC’s portfolio to 0.81%. While still a significant holding, this move indicates a potential shift in focus or strategy within its electronics sector investments.

For a comprehensive view of Corient Private Wealth LLC’s portfolio and historical 13F data, view Corient Private Wealth LLC’s full real-time portfolio and historical 13F data here.