Big Funds Reshuffle Stock Holdings
Institutional Investors Reposition Portfolios in Mastercard, Schwab, Qualcomm, and More
Anonymous
Key Points
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Greenup Street Wealth Management LLC expanded its Mastercard position by 1,328.1% in Q1, to 5,955 shares (adding 5,538), with the stake valued at about $2.976 million.
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Nigel J. Murtagh, an insider at Charles Schwab, sold 41,297 Schwab shares in a transaction on April 14, at an average price of roughly $9 per share.
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Check Point Software Technologies director Yoav Chelouche sold 25,000 shares on June 2, at an average price of $140.28, for a total around $3.507 million.
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Greenup Street Wealth Management LLC reduced its Qualcomm stake by 81.6% in Q1, selling 18,995 shares and ending with 4,271 shares valued at about $550,000.
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Other institutions boosted or initiated positions in Mastercard in the latest filing period, including Riggs Asset Management Co. Inc. (+20% to 108 shares), Affinity Capital Advisors LLC (+0.7% to 2,939 shares), Abacus Planning Group Inc. (+3.3% to 590 shares), and Thomasville National Bank (+4.1% to 479 shares).
Institutional investors poured money into Mastercard in the first quarter of 2026, with some firms boosting their stakes by over 1,300%. Greenup Street Wealth Management LLC grew its Mastercard position by 1,328.1%, adding 5,538 shares to reach 5,955 shares worth about $2.98 million, according to Ticker Report. Institutions now own roughly 97% of all Mastercard shares outstanding.
At the same time, the same firm slashed its Qualcomm stake by 81.6%, selling 18,995 shares and cutting its holding to just 4,271 shares valued at roughly $550,000. The contrasting moves highlight a sharp divide in how money managers are sizing up big-cap stocks right now.
Mastercard Draws Aggressive Buying From Multiple Funds
Several firms added to Mastercard positions in Q1. Krilogy Financial LLC raised its holding by 49.6%, according to Watchlist News. Riggs Asset Management Co. lifted its stake by 20% to 108 shares. Affinity Capital Advisors added 0.7% to reach 2,939 shares. Abacus Planning Group grew its position by 3.3% to 590 shares, and Thomasville National Bank increased its stake by 4.1% to 479 shares.
The buying frenzy has a clear backdrop. In June 2026, a court gave preliminary approval to a $38 billion Visa-Mastercard swipe fee settlement, removing a legal cloud that had hung over the company for two decades. Mastercard CEO Michael Miebach also touted the company's push into AI-driven commerce, saying Mastercard is "diversified, future-ready" and advancing what it calls "Agent Pay" for machine-to-machine transactions.
Greenup Street Dumps Qualcomm, Opens Fresh Check Point Stake
While loading up on Mastercard, Greenup Street moved sharply away from Qualcomm. The firm sold 18,995 shares in Q1, cutting its position by 81.6% to just 4,271 shares worth about $550,000. The exit came even as Qualcomm beat earnings estimates, posting EPS of $2.65 against an expected $2.56.
Greenup Street also opened a brand-new position in Check Point Software Technologies, buying 21,763 shares valued at around $3.11 million. Several other firms added Check Point stakes during the same period. The moves signal a rotation from cyclical chip hardware into cybersecurity software — a trend analysts have linked to rising demand for network protection tools.
Insider Sales at Schwab and Check Point Raise Eyebrows
Two notable insider sales drew attention this quarter. On April 14, Nigel J. Murtagh, Chief Risk Officer at Charles Schwab, sold 41,297 shares at roughly $99 per share — a transaction worth about $4.08 million. The sale was executed under a pre-arranged Rule 10b5-1 plan, which lets executives schedule trades in advance to avoid accusations of trading on inside information.
At Check Point, director Yoav Chelouche sold 25,000 shares on June 2 at an average price of $140.28, collecting about $3.51 million. The sale came just two days before Check Point disclosed a critical flaw in its VPN security gateways, which sent the stock down 5.1% in a single day. Whether the timing was coincidental or strategic is not yet clear.
Schwab Faces Mixed Signals Despite Record Client Assets
Charles Schwab reported $13.14 trillion in total client assets across 39.5 million active brokerage accounts as of May 31, 2026 — a record figure. Yet Greenup Street cut its Schwab stake by 27.4%, selling 14,976 shares and ending the quarter with 39,739 shares worth about $3.73 million. Several peer firms moved in the opposite direction and added Schwab exposure.
The company's president and CEO Rick Wurster is scheduled to lead a "Summer Business Update" on July 21, 2026. The event is expected to address investor concerns about insider selling and the company's sensitivity to interest rate changes. Co-Chairman Charles Schwab himself has sold over 780,000 shares in the past six months, adding to the cautious mood among some wealth managers.
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