Filings Show Multiple Firms Trim Salesforce Stakes

Several investment firms reduced their Salesforce holdings during the third quarter: Talbot Financial cut its position by 10.6%, Robertson Stephens Wealth Management by 20%, St. Louis Financial Planners Asset Management by 95.4%, and Eagle Strategies by 63.9%. The reports also describe other investors adding to or initiating Salesforce positions, indicating varied institutional activity; institutions and hedge funds collectively own about 80.43% of the company’s shares. Salesforce shares were reported at $241, with a market capitalization of about $198 billion.