Rathbones Group PLC Reduces Qualcomm Stake by 22.7%

Institutional investor sells over 11,000 shares of wireless tech company

Published on Mar. 9, 2026

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Rathbones Group PLC, a UK-based investment management firm, decreased its position in Qualcomm Incorporated (NASDAQ:QCOM) by 22.7% in the third quarter, according to a recent SEC filing. The firm sold 11,451 shares, leaving it with 38,985 shares of the wireless technology company's stock worth $6.49 million at the end of the quarter.

Why it matters

Rathbones Group's reduced stake in Qualcomm reflects broader market trends and investor sentiment around the semiconductor and wireless technology sectors. As a major institutional investor, Rathbones' portfolio moves can provide insights into how large investors are viewing the prospects of companies like Qualcomm.

The details

According to the filing, Rathbones Group sold 11,451 shares of Qualcomm during the third quarter, reducing its total position to 38,985 shares. The firm cited unspecified portfolio rebalancing as the reason for the sale. Qualcomm is a major player in the wireless chip and technology licensing space, providing components and intellectual property for smartphones, 5G networks, and other connected devices.

  • Rathbones Group PLC decreased its Qualcomm position in the third quarter of 2026.

The players

Rathbones Group PLC

A UK-based investment management firm that decreased its stake in Qualcomm by 22.7% in Q3 2026.

Qualcomm Incorporated

A global semiconductor and telecommunications equipment company headquartered in San Diego, California, known for its development of wireless technologies and central role in the evolution of digital cellular standards.

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The takeaway

Rathbones Group's reduced position in Qualcomm reflects broader market trends and investor sentiment around the semiconductor and wireless technology sectors. As a major institutional investor, Rathbones' portfolio moves can provide insights into how large investors are viewing the prospects of companies like Qualcomm.