Institutional Portfolio Expansion
Castleark Management Expands Portfolio With Major Stock Purchases in Q2
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Beyond Castleark’s 27,970-share Modine stake (about $7.47 million), other big holders also increased exposure in the second quarter, including State Street Corp with 1,309,488 Modine shares worth about $128.99 million, MIRAE Asset Global ETFs Holdings Ltd. up to 37,223 shares worth about $2.86 million (up 26.6%), California Public Employees Retirement System increasing to 68,702 shares worth about $6.77 million, Qube Research & Technologies Ltd holding 161,319 shares worth about $15.89 million, and Sei Investments Co. rising to 309,653 shares worth about $30.50 million.
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TPR is Castleark's 23rd biggest position, with 265,749 shares valued at about $38.9 million, accounting for roughly 1.0% of the portfolio; Tapestry also declared a quarterly dividend of $0.4625 per share, payable Sept 21 (up from $0.40).
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Other institutions added to J.B. Hunt Transport Services in the second quarter, including Legal & General Group Plc with a new stake worth about $100.9 million, The Manufacturers Life Insurance Company with about $42.94 million, Park Presidio Capital LLC with about $218.10 million, Gallo Partners LP with about $1.19 million, and CIBC World Market Inc. with about $1.41 million; institutional ownership in JBHT stands at about 74.95%.
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Castleark’s Vertiv Holdings Co. position stood at 123,901 shares after purchasing 11,538 in the quarter, valued at about $41.485 million and making up roughly 1.1% of Castleark’s holdings as the 22nd largest position.
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Castleark bought 469,470 Garrett Motion Inc. ( GTX) shares for about $17.009 million, roughly 0.25% of the portfolio; GTX traded with a 52-week range of $12.26 to $36.25 and recently announced a quarterly dividend of $0.08 per share to be paid Sept 15.
Castleark Management LLC expanded its stock portfolio in the second quarter of 2026, taking new or increased positions across five major companies. The Chicago-based investment firm deployed roughly $121 million to buy shares of Modine Manufacturing, Tapestry, J.B. Hunt Transport Services, Vertiv Holdings, and Garrett Motion — a diversified bet spanning industrials, consumer goods, and technology sectors Ticker Report.
The purchases signal Castleark's confidence in mid- to large-cap stocks even as broader market conditions remain uncertain. Each position represents part of a larger wave of institutional buying, with major funds like State Street and Norges Bank also adding stakes in these same companies Watch List News.
Tapestry Becomes Castleark's 23rd Largest Holding
Castleark bought 265,749 shares of luxury retailer Tapestry, Inc. for roughly $38.9 million, making it the firm's 23rd biggest position at about 1.0% of the portfolio Ticker Report. The purchase comes as Tapestry raised its quarterly dividend to $0.4625 per share, up from $0.40, payable September 21.
Vertiv and Modine Purchases Reflect Infrastructure Push
Castleark added 11,538 shares of Vertiv Holdings Co. in Q2, bringing its total stake to 123,901 shares valued at $41.5 million — the fund's 22nd largest position at 1.1% of holdings Watch List News. The purchase follows broader institutional interest in data-center and infrastructure stocks amid rising AI demand.
For Modine Manufacturing, Castleark acquired 27,970 shares for about $7.5 million, joining other major institutions in adding exposure to the industrial manufacturer Ticker Report. State Street holds 1.3 million Modine shares worth $129 million, while Sei Investments raised its position to 309,653 shares worth $30.5 million.
J.B. Hunt and Garrett Motion Round Out Quarterly Expansion
Castleark bought 56,520 shares of J.B. Hunt Transport Services for $16.4 million, joining a rush of institutional buying in the trucking company Watch List News. Legal & General, The Manufacturers Life Insurance Company, and Park Presidio Capital all added stakes totaling over $360 million combined. Institutional ownership in J.B. Hunt now stands at 74.95%.
Finally, Castleark acquired 469,470 shares of Garrett Motion Inc. for $17.0 million, or roughly 0.25% of its portfolio Ticker Report. The automotive supplier recently declared an $0.08 quarterly dividend payable September 15, and trades within a 52-week range of $12.26 to $36.25.
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