Vanguard Trims IBM Stake to 7.2%, Holding 66.7M Shares

TL;DR

**Vanguard just cut its IBM stake to 7.2%, holding 66.7 million shares.**

AI Summary

The Vanguard Group, a major investment firm, filed an amendment to its Schedule 13G on February 13, 2024, disclosing its ownership of 66,722,869 shares of International Business Machines Corp (IBM) common stock as of December 29, 2023. This represents 7.2% of IBM's total outstanding shares, a slight decrease from its previous reported stake. This matters to investors because Vanguard is a significant institutional holder, and changes in its position can signal shifts in large-scale investor sentiment towards IBM.

Why It Matters

This filing shows that one of the world's largest asset managers, Vanguard, slightly reduced its ownership in IBM, which could indicate a minor shift in its investment strategy or outlook for the company.

Risk Assessment

Risk Level: low — A minor adjustment by a large institutional investor like Vanguard typically poses a low risk to the stock, as it's often part of routine portfolio rebalancing.

Analyst Insight

Investors should note Vanguard's slight reduction in its IBM stake, but recognize that institutional rebalancing is common. This change alone isn't a strong buy or sell signal, but rather an update on a major holder's position.

Key Numbers

• 66,722,869 — Shares Beneficially Owned (The total number of IBM common stock shares Vanguard holds, indicating its significant position.)
• 7.2% — Percentage of Class (The proportion of IBM's outstanding common stock owned by Vanguard, showing its influence.)
• December 29, 2023 — Event Date (The specific date on which Vanguard's ownership percentage triggered the need for this filing.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• International Business Machines Corp (company) — subject company (IBM)
• 66,722,869 shares (dollar_amount) — total shares beneficially owned by Vanguard
• 7.2% (dollar_amount) — percentage of IBM's class of securities owned by Vanguard
• December 29, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Vanguard will continue to hold a significant, albeit potentially fluctuating, stake in IBM. (The Vanguard Group) — high confidence, target: Q4 2024

FAQ

From the Filing

0001104659-24-021216.txt : 20240213 0001104659-24-021216.hdr.sgml : 20240213 20240213170758 ACCESSION NUMBER: 0001104659-24-021216 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL BUSINESS MACHINES CORP CENTRAL INDEX KEY: 0000051143 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER & OFFICE EQUIPMENT [3570] ORGANIZATION NAME: 06 Technology IRS NUMBER: 130871985 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-38959 FILM NUMBER: 24628739 BUSINESS ADDRESS: STREET 1: 1 NEW ORCHARD ROAD CITY: ARMONK STATE: NY ZIP: 10504 BUSINESS PHONE: 9144991900 MAIL ADDRESS: STREET 1: 1 NEW ORCHARD RD CITY: ARMONK STATE: NY ZIP: 10504 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv01210-internationalbusines.htm SCHEDULE 13G/A internationalbusinessmachinescorp SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 10)* Name of issuer:  International Business Machines Corp Title of Class of Securities:  Common Stock CUSIP Number:  459200101 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d-1(b) ☐ Rule 13d-1(c) ☐ Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on the following page(s))     13G CUSIP No.:  459200101 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 1,120,906 7.  SOLE DISPOSITIVE POWER 78,726,445 8.  SHARED DISPOSITIVE POWER 3,877,611 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 82,604,056 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.05% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: International Business Machines Corp Item 1(b) - Address of Issuer's Principal Executive Offices: 1 New Orchard Road Armonk, NY 10504-1722 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: Pennsylvania Item 2(d) - Title of Class of Securities: Common Stock Item 2(e