Pallas Capital Advisors Trims Stake in Veeva Systems

The investment firm reduced its holdings in the cloud software company by nearly 29% in Q4 2025.

Mar. 29, 2026 at 10:08am

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Pallas Capital Advisors LLC lowered its stake in shares of Veeva Systems Inc. (NYSE:VEEV) by 28.8% during the 4th quarter, according to the company's recent SEC filing. The fund now owns 8,166 shares of the technology company's stock, down from 11,464 shares previously.

Why it matters

Veeva Systems is a leading provider of cloud-based software solutions for the global life sciences industry. The company's stock has seen significant volatility in recent quarters as investors weigh its growth prospects against broader economic uncertainty.

The details

Pallas Capital Advisors reduced its Veeva Systems holdings by selling 3,298 shares during the fourth quarter. The firm's total investment in Veeva was valued at $1.823 million as of the latest filing. Several other hedge funds have also adjusted their positions in Veeva, with some increasing and others decreasing their stakes in the technology company.

  • Pallas Capital Advisors made the stake reduction in Q4 2025.
  • Veeva Systems' stock price has fluctuated between a 52-week low of $168.13 and a high of $310.50.

The players

Pallas Capital Advisors LLC

An investment management firm that has reduced its stake in Veeva Systems.

Veeva Systems Inc.

A cloud software company that develops industry-specific applications and data solutions for the global life sciences sector.

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The takeaway

Veeva's stock performance continues to be closely watched by investors as the company navigates the evolving life sciences technology landscape. The reduction in Pallas Capital's stake reflects the broader market uncertainty around Veeva's growth trajectory.