Carnegie's Portfolio Moves
Carnegie Investment Counsel Boosts Donaldson Stake While Trimming Other Industrial Holdings
Anonymous
Key Points
1
Carnegie Investment Counsel bought 10,053 additional Donaldson Company shares in the quarter, bringing its total to 363,710 shares (about 0.31% of the company) with a reported value near $29.58 million.
2
Director James Owens sold 13,753 shares of Donaldson on April 14, at an average price of $89.21, for total proceeds of about $1.2269 million.
3
Carnegie reduced its Huntington Ingalls Industries stake by 23.2% during the quarter, to 39,434 shares (about $14.98–$15.0 million in value after the sale of 11,896 shares).
4
Powell Industries: Carnegie lowered its position by 11% to 36,376 shares, representing about 0.10% of the company and a value of roughly $19.68 million.
5
Donaldson Company also saw notable broader institutional activity during the period: Pictet Asset Management, William Blair Investment Management, Norges Bank (new stake in Donaldson in the fourth quarter), Fuller & Thaler Asset Management, and Arbejdsmarkedets Tillaegspension were among other buyers or new holders; institutional investors owned about 82.81% of the company.
Carnegie Investment Counsel quietly grew its bet on Donaldson Company, adding 10,053 shares in the first quarter to bring its total to 363,710 shares — a stake worth about $29.6 million, according to Ticker Report. The move signals continued confidence in the industrial filtration giant even as the adviser trimmed other holdings in its portfolio.
The Pittsburgh-based adviser did not stop there. It also cut its position in Huntington Ingalls Industries by 23.2% and reduced its Powell Industries stake by 11%, showing a selective approach to rebalancing across the industrial and aerospace space, Ticker Report noted.
Carnegie Adds Donaldson Shares While Others Buy In Too
Carnegie now owns about 0.31% of Donaldson Company. Its 363,710-share position carries a reported value of roughly $29.58 million, per Ticker Report. The fund bought those additional shares even as Donaldson's stock faced broader market pressures in the quarter.
Carnegie is far from alone. Institutional investors owned about 82.81% of Donaldson as of the latest filings. Pictet Asset Management, William Blair Investment Management, Norges Bank, Fuller & Thaler Asset Management, and Arbejdsmarkedets Tillaegspension all held or added positions in the company, according to Ticker Report.
Donaldson Director Sells $1.2 Million in Stock
Not everyone was buying. Director James Owens sold 13,753 Donaldson shares on April 14. He got an average price of $89.21 per share. That brought his total proceeds to about $1.2269 million, according to Ticker Report.
Insider sales like this do not always signal bad news. Directors often sell for personal financial reasons. But the timing — right as Carnegie was building its stake — adds an interesting contrast to the institutional buying trend.
Carnegie Cuts Huntington Ingalls and Powell Positions
Carnegie shed 11,896 shares of Huntington Ingalls Industries during the quarter. Its remaining stake of 39,434 shares is worth about $15 million, per Ticker Report. That is a 23.2% reduction — a significant pullback from a defense shipbuilding company that has faced cost pressures on Navy contracts.
The adviser also trimmed Powell Industries, selling 4,506 shares to bring its holding down to 36,376 shares — about 0.10% of the company. That position is worth roughly $19.68 million, according to Ticker Report. Powell Industries, which makes electrical equipment, has seen its stock run up sharply in recent years, making a trim a natural move for portfolio managers looking to lock in gains.
What Carnegie's Moves Say About Its Industrial Bets
The pattern here is clear. Carnegie is not walking away from industrials. It is being picky. It added to Donaldson — a steady, cash-generating filtration business. It cut Huntington Ingalls — a defense name with execution risk. And it trimmed Powell after a big run-up.
Carnegie also holds a $43.55 million position in O'Reilly Automotive, which it grew by 5.5% in the first quarter to 492,898 shares, per Ticker Report. Taken together, the moves show a firm fine-tuning its book — holding steady on consumer staples, leaning into proven industrials, and stepping back from names where risk or valuation has shifted.
Sentiment
Mostly PositiveNEGATIVENEUTRALPOSITIVE
Publishers
12
Articles
13
Reach
25
Topics
A
AnonymousAuthor
