- Today
- Holidays
- Birthdays
- Reminders
- Cities
- Atlanta
- Austin
- Baltimore
- Berwyn
- Beverly Hills
- Birmingham
- Boston
- Brooklyn
- Buffalo
- Charlotte
- Chicago
- Cincinnati
- Cleveland
- Columbus
- Dallas
- Denver
- Detroit
- Fort Worth
- Houston
- Indianapolis
- Knoxville
- Las Vegas
- Los Angeles
- Louisville
- Madison
- Memphis
- Miami
- Milwaukee
- Minneapolis
- Nashville
- New Orleans
- New York
- Omaha
- Orlando
- Philadelphia
- Phoenix
- Pittsburgh
- Portland
- Raleigh
- Richmond
- Rutherford
- Sacramento
- Salt Lake City
- San Antonio
- San Diego
- San Francisco
- San Jose
- Seattle
- Tampa
- Tucson
- Washington
Monrovia Today
By the People, for the People
Pinnacle Associates Ltd. Decreases Stake in AeroVironment, Inc.
Institutional investor sold nearly 9% of its holdings in the aerospace company
Published on Mar. 9, 2026
Got story updates? Submit your updates here. ›
Pinnacle Associates Ltd., an institutional investor, decreased its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 8.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm now owns 91,783 shares of the aerospace company's stock, valued at $28.9 million.
Why it matters
AeroVironment is a leading provider of unmanned aerial systems and other advanced technologies for defense, public safety, and commercial applications. The decrease in Pinnacle Associates' stake could signal a shift in investor sentiment or portfolio rebalancing, which may impact the company's stock price and market position.
The details
According to the 13F filing, Pinnacle Associates sold 8,945 shares of AeroVironment during the 3rd quarter, reducing its overall stake in the company. The firm now owns 0.18% of AeroVironment's outstanding shares. The filing also shows that other institutional investors and hedge funds have modified their holdings in the company, with some increasing and others decreasing their positions.
- Pinnacle Associates Ltd. decreased its stake in AeroVironment during the 3rd quarter of 2026.
The players
Pinnacle Associates Ltd.
An institutional investor that decreased its stake in AeroVironment, Inc. by 8.9% in the 3rd quarter of 2026.
AeroVironment, Inc.
A technology company specializing in unmanned aerial systems, tactical missiles, precision loitering munitions, electric vehicle charging, and scalable energy systems.
The takeaway
The decrease in Pinnacle Associates' stake in AeroVironment could be a sign of broader market trends or shifts in investor sentiment towards the company and the broader aerospace industry. However, the overall institutional ownership of AeroVironment remains high, indicating continued confidence in the company's long-term prospects.
