In its latest SEC filing, Diversified Trust Co reported a 44.9% reduction in its position in Target Corporation during the third quarter. The investment manager sold 5,769 shares, trimming its holdings from 12,845 to 7,076 shares. At the end of the period, the fund’s remaining position in the retailer was valued at $635,000, reflecting a strategic reallocation of its equity portfolio away from the general merchandise segment.

Brighton Jones LLC more than doubled its stake in Target during the fourth quarter, acquiring an additional 3,059 shares for a total holding of 6,080 shares valued at $822,000. In the first quarter, EP Wealth Advisors LLC added 501 shares, lifting its position to 16,826 shares worth $1.756 million, while AlTi Global Inc. bought 172 shares, taking its total to 3,399 shares valued at $355,000. Advisors Asset Management Inc. executed the largest first-quarter purchase, acquiring 14,623 shares to reach 38,698 shares valued at $4.039 million.

AQR Capital Management LLC continued to build its exposure to Target in the first quarter, purchasing 47,831 additional shares. This incremental investment increased AQR’s total holding to 761,621 shares, with a portfolio value of $77.845 million. As one of the largest institutional owners, AQR’s move underscores confidence in Target’s long-term earnings potential despite near-term retail headwinds.

Collectively, institutional investors now hold 79.73% of Target’s outstanding shares, signaling broad confidence among asset managers in the Minneapolis-based retailer’s strategic initiatives. While Diversified Trust Co cut back, the net increase from other major funds suggests a consensus view that current valuations understate the company’s ability to navigate inflationary pressures, optimize supply-chain efficiency and leverage omnichannel growth drivers.