Diversify Advisory Services, LLC Trims Position in SoFi Technologies in Latest 13F Filing

Diversify Advisory Services, LLC Trims Position in SoFi Technologies in Latest 13F Filing

In its most recent SEC 13F filing, Diversify Advisory Services, LLC revealed a reduction in its stake in SoFi Technologies (NASDAQ: SOFI), a prominent player in the Non-Bank Financials industry. The firm reported a sale of approximately 23,480 shares during the latest quarter, maintaining its overall position in the stock at 1.22% of its portfolio.

Details of the Trade

The market value of Diversify Advisory Services, LLC’s holdings in SoFi Technologies now stands at $18.99 million. Despite the reduction in shares, the firm’s ownership percentage of SoFi’s total outstanding shares remains at a modest 0.07%. This adjustment comes without a significant percentage change in the portfolio allocation to the stock, suggesting a strategic rebalancing rather than a complete shift in conviction.

Industry Context and Market Implications

SoFi Technologies operates in the dynamic Non-Bank Financials sector, which has been experiencing heightened investor interest due to its innovative approach to personal finance and lending. The decision by Diversify Advisory Services, LLC to trim its position could be attributed to broader portfolio diversification strategies or a reassessment of risk exposure within this industry.

Why Did Diversify Advisory Services, LLC Adjust Its Position in SoFi?

Investors often wonder about the rationale behind institutional moves. While the specific reasoning remains undisclosed, potential factors could include profit-taking after a favorable run in the stock price, concerns over sector volatility, or a shift in focus toward other opportunities within the financial sector.

How Much of SoFi Does Diversify Advisory Services, LLC Own?

Post-adjustment, Diversify Advisory Services, LLC holds a 0.07% stake in SoFi Technologies, reflecting a significant, but not dominant, influence on the company’s shareholder base.

Portfolio Impact

With SoFi Technologies now accounting for 1.22% of its portfolio, Diversify Advisory Services, LLC continues to maintain a meaningful exposure to the Non-Bank Financials sector. This move highlights the firm’s ongoing strategy to fine-tune its portfolio while retaining confidence in SoFi’s long-term potential.

For a deeper look into Diversify Advisory Services, LLC’s investment strategies and to explore its full portfolio, view Diversify Advisory Services, LLC’s full real-time portfolio and historical 13F data here.