Commonwealth Equity Sells 7.4% of GM Stake, Brighton Jones Boosts Holding 456.1%
Commonwealth Equity Services LLC reduced its GM stake by 7.4% in Q3, selling 17,012 shares to hold 213,742 shares valued at $13.03 million. Brighton Jones LLC increased its position by 456.1% in Q4 to 38,717 shares worth $2.06 million, while several other funds raised holdings by up to 39.1%.
1. Commonwealth Equity Services LLC Reduces GM Stake
Commonwealth Equity Services LLC disclosed a 7.4% reduction in its holdings of General Motors Company during the third quarter, selling 17,012 shares to end the period with 213,742 shares. According to its latest SEC filing, the remaining stake was valued at $13.03 million. This divestiture marks a shift from Commonwealth’s prior accumulation trend earlier in the year and represents a notable reallocation of capital away from GM within the firm’s diversified portfolio.
2. Continued Rebalancing by Other Institutional Investors
Several major funds have simultaneously adjusted their GM positions: Brighton Jones LLC increased its stake by 456.1%, adding 31,755 shares to reach 38,717 shares valued at $2.06 million; Integrity Alliance LLC initiated a new $409,000 position; Focus Partners Wealth boosted its holdings by 39.1% to 154,848 shares worth $7.28 million; Geneos Wealth Management Inc. grew by 26.3%, acquiring 1,425 shares for a total of 6,849 shares ($322,000); and Voya Investment Management LLC added 11,664 shares (2.3%), bringing its total to 519,808 shares valued at $24.45 million. Institutional ownership now accounts for 92.67% of GM’s outstanding shares, underscoring the company’s heavy reliance on large investors for share demand.