Allspring Global Investments Reduces Stakes Across Multiple Companies
Allspring Global Investments Holdings LLC has been actively adjusting its investment portfolio during the fourth quarter, as evidenced by its recent securities filings. Notably, Allspring reduced its stake in several companies, including Thryv Holdings, Inc. (NASDAQ:THRY), Five Below, Inc. (NASDAQ:FIVE), Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI), SPX Technologies (NYSE:SPXC), E2open Parent Holdings, Inc. (NYSE:ETWO), and The Travelers Companies, Inc. (NYSE:TRV). For Thryv Holdings, the investment firm sold 193,716 shares, leaving it with 1,060,392 shares valued at approximately $21.58 million. Similarly, its holdings in Five Below decreased by 4.2%, now owning 115,786 shares valued at around $24.68 million.
In the utility sector, Allspring Global's position in Sempra (NYSE:SRE) diminished by 2.0%, with the fund now holding 330,292 shares. Despite a broader market gain of approximately 25% over the past year, Sempra shareholders saw a 7.2% loss on their investment. However, the company's revenue increased by 16% from the previous year.
Meanwhile, Allspring Global reduced its stake in Apollo Commercial Real Estate Finance by 12.9%, leaving it with 2,155,115 shares, which represent about 1.52% of the company. The firm also decreased its investment in SPX Technologies by 40.7%, now owning 286,055 shares worth $28.89 million. Additionally, the firm's holdings in E2open Parent Holdings were cut by 23.7%, resulting in ownership of 4,893,792 shares with an approximate value of $21.48 million.
Other institutional investors have also been adjusting their positions in these companies. For instance, BlackRock Inc. increased its stake in Thryv Holdings, State Street Corp raised its stake in the second quarter, and CEO Joe Walsh acquired additional shares. Norges Bank initiated a new position in SPX Technologies, while T. Rowe Price Investment Management Inc. increased its stake. Atlas Capital Advisors LLC notably increased its holdings in Sempra, and Morgan Stanley and Charles Schwab Investment Management Inc. increased their positions in The Travelers Companies.
