"Violich Capital Management Inc. Trims Holdings: A Look at Woodside Energy Group Ltd (NYSE:WDS)"
 |
| "Violich Capital Management Inc. Trims Holdings: A Look at Woodside Energy Group Ltd (NYSE:WDS)" |
Violich Capital Management Inc. has recently taken steps to adjust its holdings in Woodside Energy Group Ltd (NYSE:WDS). According to their 13F filing with the Securities and Exchange Commission (SEC) for the second quarter, the firm reduced its stake by 7.7%. Let's delve into the details of this strategic move and examine other institutional investors' actions in the company.
**Violich Capital Management Inc.'s Position**
1. **Share Reduction:** During the second quarter, Violich Capital Management Inc. sold 6,072 shares of Woodside Energy Group Ltd, effectively reducing its ownership. As a result, the firm retained 73,075 shares of the company's stock at the end of the reporting period.
2. **Portfolio Value:** At the conclusion of the second quarter, Violich Capital Management Inc.'s holdings in Woodside Energy Group were estimated to be worth $1,695,000.
**Other Institutional Investors**
1. **Morgan Stanley:** In a separate development, Morgan Stanley initiated a new position in Woodside Energy Group during the fourth quarter, acquiring a stake valued at $84,580,000.
2. **Pacer Advisors Inc.:** During the second quarter, Pacer Advisors Inc. increased its stake in Woodside Energy Group by 60.1%. They now own 1,900,477 shares of the company's stock, valued at approximately $44,072,000.
3. **BlackRock Inc.:** BlackRock Inc. also raised its holdings in Woodside Energy Group, adding 41,170 shares during the first quarter. They now possess 1,694,568 shares valued at $38,009,000.
4. **Cullen Capital Management LLC:** Notably, Cullen Capital Management LLC significantly increased its stake in the first quarter, acquiring an additional 1,269,500 shares of Woodside Energy Group's stock. They now hold 1,281,950 shares valued at $28,754,000.
5. **Bank of America Corp DE:** Bank of America Corp DE demonstrated a 6.7% increase in their stake during the first quarter, acquiring an additional 68,371 shares. They now own 1,084,662 shares valued at $24,329,000.
**Institutional Ownership**
Currently, institutional investors collectively own approximately 3.17% of Woodside Energy Group Ltd. This level of institutional ownership highlights the interest of major investment firms in the company's stock.
**Closing Note**
Violich Capital Management Inc.'s decision to trim its holdings in Woodside Energy Group Ltd reflects the dynamic nature of investment portfolios. While this adjustment is specific to their strategy, it's important for investors to monitor such actions by institutional investors as they can provide valuable insights into market sentiment and potential trends. Additionally, the interest shown by other institutional players further underscores the company's position in the market.