Teachers Retirement System of Kentucky Cuts Qualcomm Stock Holdings

Institutional investor reduces stake in wireless technology company

Mar. 3, 2026 at 8:39am

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The Teachers Retirement System of The State of Kentucky has reduced its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 3.8% in the third quarter, according to a recent 13F filing with the Securities & Exchange Commission. The fund now owns 443,903 shares of the wireless technology company's stock, valued at $73,849,000.

Why it matters

Qualcomm is a major player in the wireless technology industry, providing chips and software for smartphones, tablets, and other connected devices. The reduction in the Teachers Retirement System of Kentucky's Qualcomm holdings could signal a shift in investor sentiment towards the company, though the overall reasons behind the move are not entirely clear.

The details

According to the 13F filing, the Teachers Retirement System of The State of Kentucky sold 17,330 shares of Qualcomm during the third quarter. This reduced the fund's total stake in the company to 443,903 shares, which accounted for approximately 0.6% of its overall portfolio at the end of the reporting period.

  • The 13F filing covers the third quarter of the year.

The players

Teachers Retirement System of The State of Kentucky

A public pension fund that manages retirement assets for teachers in the state of Kentucky.

Qualcomm Incorporated

An American multinational semiconductor and telecommunications equipment company that designs and markets wireless telecommunications products and services.

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The takeaway

The reduction in the Teachers Retirement System of Kentucky's Qualcomm holdings could signal a broader shift in investor sentiment towards the company, though the specific reasons behind the move are not entirely clear. Qualcomm remains a major player in the wireless technology industry, and its performance and strategic direction will continue to be closely watched by investors and analysts.