QRG Diversifies Portfolio
QRG Capital Significantly Boosts Stakes in Diverse Major U.S. Stocks During First Quarter
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Key Points
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QRG's Goldman Sachs stake totals 64,977 shares, representing about 0.6% of its portfolio and making GS the 28th-largest holding in QRG Capital Management's holdings.
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In related Goldman Sachs news, CFO Denis P. Coleman sold 6,857 shares on May 14 at an average price of $973.55, for a total of $6,675,632.35, leaving him with 31,070 shares valued at roughly $30,248,198.50.
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Wells Fargo stake: QRG owned 557,958 shares after buying an additional 44,771 shares in the first quarter, with the position valued at about $44.42 million; separately, New York State Teachers Retirement System held 2,502,147 Wells Fargo shares valued at about $199.20 million.
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Verizon: QRG increased its stake to 793,626 shares after purchasing 166,361 more in the first quarter, with holdings around $39.84 million; overall, 62.06% of Verizon's stock is owned by hedge funds and other institutional investors.
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Advanced Micro Devices: EVP Mark D. Papermaster sold 6,000 AMD shares on June 15 for about $3.218 million; after the sale, he directly owned 1,233,687 AMD shares valued at approximately $661.66 million.
QRG Capital Management expanded its equity portfolio broadly in the first quarter, making notable moves across five major U.S. companies spanning finance, tech, and consumer goods. The firm's largest single bet was on Verizon Communications, where it added 166,361 shares — a 26.5% jump — bringing its total to 793,626 shares worth about $39.84 million, according to Watchlist News.
The buying spree signals a deliberate push to diversify across sectors. QRG added to positions in Goldman Sachs, Wells Fargo, Procter & Gamble, and Advanced Micro Devices, building a broad mix of financial, semiconductor, and consumer holdings.
QRG Piles Into Finance With Goldman and Wells Fargo Buys
QRG lifted its Goldman Sachs stake by 1.6% to 64,977 shares, valued at roughly $54.97 million, according to Watchlist News. That makes Goldman Sachs the 28th-largest holding in QRG's portfolio, accounting for about 0.6% of its total assets. It is a small but growing bet on one of Wall Street's biggest names.
The firm's Wells Fargo position grew even faster. QRG bought 44,771 additional shares — an 8.7% increase — bringing its total to 557,958 shares worth about $44.42 million. For comparison, New York State Teachers Retirement System held 2,502,147 Wells Fargo shares valued at about $199.20 million, showing how QRG's position fits into the broader ownership picture, per Watchlist News.
AMD Stake Jumps 18.6% as QRG Bets on Semiconductors
QRG added to its Advanced Micro Devices position aggressively in Q1, buying enough shares to push its total to 248,846 — an 18.6% increase — valued at roughly $50.62 million, according to Ticker Report. That makes AMD one of QRG's largest single holdings by dollar value.
Even as QRG was buying, AMD insiders were selling. EVP Mark D. Papermaster sold 6,000 AMD shares on June 15 for about $3.218 million. After the sale, he still directly owned 1,233,687 AMD shares worth approximately $661.66 million — a sign of continued skin in the game despite the trim, per Ticker Report.
Procter & Gamble and Verizon Round Out a Diversified Push
QRG grew its Procter & Gamble holdings by 16.7%, reaching 342,252 shares worth about $49.44 million. Verizon was the biggest percentage mover, with QRG buying 166,361 more shares for a 26.5% boost. The Verizon stake now sits at 793,626 shares valued at around $39.84 million, according to Watchlist News.
Verizon is a heavily institutionally owned stock. About 62.06% of its shares are held by hedge funds and other institutional investors, according to Watchlist News. QRG's move adds to that crowd, suggesting confidence in the telecom giant's steady dividend and stable cash flows.
Goldman Sachs CFO Sells $6.7 Million in Shares Near All-Time Highs
While QRG was buying Goldman Sachs stock, the bank's own CFO was cashing out. Denis P. Coleman sold 6,857 shares on May 14 at an average price of $973.55 per share, for a total of $6,675,632.35, according to Watchlist News. That price is near Goldman's recent highs, making the timing notable.
After the sale, Coleman still directly held 31,070 Goldman Sachs shares worth roughly $30.25 million. Insider sales do not always signal a lack of confidence — executives often sell for personal financial planning. But the sale stands out against a backdrop of outside investors like QRG actively adding to their Goldman positions.
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