Live Oak Private Wealth LLC trims holdings across several stocks in Q2 13F filings
Live Oak Private Wealth LLC trims holdings across several stocks in Q2 13F filings
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Key Points
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Icon plc: The director Eugene Pacelli McCague sold 841 shares on Aug. 11 at an average price of $164.29, reducing his direct stake to 3,811 shares (valued about $626,109.19) — an 18.08% decrease in ownership — a detail that underscores broader reshaping alongside Live Oak's position adjustments.
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Icon plc: Other institutional moves included GAMMA Investing LLC increasing its stake by 21.4% to 391 shares ($68,000) and Blue Trust Inc. lifting its stake by 207.5% to 658 shares ($73,000), highlighting a broader reshaping within the stock where institutional ownership sits at about 95.61%.
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SLB: Nan Shan Life Insurance Co. Ltd. expanded its SLB holdings by 513.8% to 736,544 shares, while Independence Bank of Kentucky grew its position by 15.8% to 10,629 shares; additional new stakes came from Proficio Capital Partners LLC, Quantitative Investment Management LLC and Moore Capital Management LP, reflecting broad diversification of SLB among new and existing investors.
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Mosaic: SVP Walter F. Precourt III sold 23,000 Mosaic shares on Aug. 19 at $22.12 per share (total value $508,760), complementing Live Oak’s sizable 93.7% reduction to 13,551 shares in the quarter and signaling pronounced insider activity around the stock.
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Bank of America: The period saw Norges Bank, Legal & General Group Plc, Capital International Investors, Deutsche Bank AG and Bank of New York Mellon Corp establishing new BAC positions, with institutional ownership in the stock standing around 70.71%. Other context notes include BAC opening at $61.97, a 52-week range of $46.12–$65.22, and a forthcoming $0.32 dividend payment on Sept. 25.
Live Oak Private Wealth LLC significantly trimmed several major stock positions in the second quarter, reshaping its portfolio across large-cap holdings. The firm cut Mosaic by 93.7% to 13,551 shares, reduced Icon Plc by 22.4% to 16,161 shares, decreased SLB by 4.8% to 187,978 shares, and pared Bank of America by 6.7% to 344,965 shares watchlistnews, signaling a broad portfolio repositioning rather than sector-specific moves.
The reductions came alongside insider activity at several companies. A director at Icon sold 841 shares, while a Mosaic executive unloaded 23,000 shares for about $509,000 tickerreport, suggesting wider shifts in investor sentiment around these names.
Icon Plc Position Cut as Directors Sell Stakes
Live Oak reduced its Icon holding by 22.4% to 16,161 shares in Q2. Director Eugene Pacelli McCague sold 841 shares on August 11 at an average price of $164.29 watchlistnews, cutting his direct stake to 3,811 shares. The moves reflect broader reshaping within Icon, where institutional ownership stands at 95.61%.
Other institutions made mixed moves on Icon. GAMMA Investing LLC lifted its stake by 21.4% to 391 shares, while Blue Trust Inc. jumped its position by 207.5% to 658 shares watchlistnews, showing divided sentiment among investors on the stock.
SLB Stake Cut as Data-Center Cooling Expands
Live Oak trimmed SLB by 4.8% to 187,978 shares, a modest reduction compared to other holdings. The move comes as SLB agreed to acquire Kelvion for $3.4 billion in cash plus assumed debt tickerreport, expanding its AI-driven data-center cooling business. New and existing investors increased their positions alongside.
Nan Shan Life Insurance Co. expanded its SLB holdings by 513.8% to 736,544 shares watchlistnews, while Independence Bank of Kentucky grew its stake by 15.8% to 10,629 shares watchlistnews. Several new investors also entered SLB positions, reflecting broad diversification among institutional players.
Mosaic Position Slashed Amid Executive Selling
Live Oak slashed its Mosaic stake by a striking 93.7% to just 13,551 shares, its largest Q2 reduction. SVP Walter F. Precourt III sold 23,000 Mosaic shares on August 19 at $22.12 per share, totaling about $509,000 watchlistnews, suggesting two-way selling pressure on the stock from insiders and institutions alike.
The combined insider and institutional activity signals pronounced reshaping around Mosaic. Live Oak's $287,000 residual holdings watchlistnews mark a near-complete exit from what was once a larger position, underscoring reduced conviction in the fertilizer maker.
Bank of America Stake Remains Core Despite Trimming
Live Oak reduced Bank of America by 6.7% to 344,965 shares tickerreport, a more modest cut than other holdings. The position still accounts for about 2.6% of Live Oak's portfolio, making BAC a significant core holding. Bank of America's institutional ownership stands at roughly 70.71%.
Several major institutions established or expanded BAC positions during the quarter watchlistnews, including Norges Bank, Legal & General Group Plc, and Capital International Investors. Bank of America opened Q3 at $61.97, with a 52-week range of $46.12–$65.22 watchlistnews, and offers a $0.32 dividend on September 25.
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