Daiwa Portfolio Rebalancing
Daiwa Securities Rebalances Portfolio, Cutting ServiceNow Stake and Increasing Other Key Holdings
Anonymous
Daiwa Securities Group Inc. made notable portfolio changes across several large U.S.-listed stocks, according to recent filings and investment-tracking reports. In ServiceNow, Daiwa cut its stake by 65.4%, trimming 443,940 shares and leaving it with about 234,475 shares worth roughly $35.9 million, even as other investors moved both into and out of the software company. For Cisco Systems, Daiwa slightly increased its position by 0.6% to about 1.22 million shares, and the stock’s latest earnings coverage was also tied to an upcoming quarterly dividend. Daiwa also boosted holdings in Amgen by 1.4% (to about 238,742 shares worth roughly $78.1 million) alongside broader institutional activity, including large positions from major global managers. On the financial and infrastructure sides, Daiwa increased its stake in Bank of America by 1.3% and raised its investment in Crown Castle by 9.7%, reflecting continued buying interest across banking and telecom real estate.
Key Points
1
For ServiceNow, analyst coverage cited in the reporting included UBS reiterating an “outperform” rating and BMO Capital Markets cutting its ServiceNow price target to $115 from $120, while also keeping an “outperform” rating.
2
The ServiceNow story also notes that institutional investors own 87.18% of the company’s stock, underscoring how widely held NOW is among asset managers.
3
On Cisco Systems’ dividend timing, the article specifies a quarterly dividend of $0.42 per share, payable on Wednesday, July 22, with stockholders of record as of Monday, July 6.
4
For Amgen, the reporting highlights both investor activity and company-specific momentum, including: Norges Bank initiating a new Amgen stake worth about $2.164 billion, and an “European Commission approval for Imdelltra” that the article frames as expanding Amgen’s cancer-treatment revenue opportunity in Europe.
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In Crown Castle, beyond the 9.7% stake increase, the article adds portfolio context—Crown Castle is described as about 1.2% of Daiwa’s portfolio and its 14th largest position—along with Daiwa’s ending position of 4,312,955 shares worth about $383.3 million.
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