Allspring Global Investments Reduces Public Storage Stake

Investment firm sells over 233,000 shares of real estate investment trust

Apr. 7, 2026 at 7:13am

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Allspring Global Investments Holdings LLC, a major investment management firm, has significantly reduced its stake in Public Storage (NYSE: PSA), a leading real estate investment trust that specializes in self-storage facilities. According to a recent SEC filing, Allspring sold 233,494 shares of Public Storage, representing an 88.7% decrease in its holdings of the company's stock.

Why it matters

This move by a prominent institutional investor provides insight into the market's sentiment towards Public Storage and the self-storage industry. Investors will be closely watching to see if other major firms follow suit or if Allspring's decision was unique to its own portfolio strategy.

The details

Allspring Global Investments Holdings LLC previously owned 29,792 shares of Public Storage, valued at approximately $7.7 million as of the end of the fourth quarter. However, the firm has now sold the majority of its position, retaining only 3,798 shares. This significant reduction in Allspring's Public Storage holdings could signal a shift in the investment firm's outlook on the company and the broader self-storage market.

  • Allspring Global Investments Holdings LLC filed the disclosure with the SEC on April 7, 2026.
  • The shares were sold during the fourth quarter of 2025.

The players

Allspring Global Investments Holdings LLC

A major investment management firm that has reduced its stake in Public Storage.

Public Storage

A real estate investment trust that specializes in self-storage facilities and is publicly traded on the New York Stock Exchange under the ticker symbol PSA.

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The takeaway

This reduction in Allspring's Public Storage holdings could signal a broader shift in investor sentiment towards the self-storage industry. Analysts and investors will be closely monitoring the company's performance and any further changes in institutional ownership to gauge the market's outlook on the sector.