Polar Asset Management Partners Reduces Qualcomm Stake

Hedge fund cuts holdings in wireless tech company by nearly 93%

Mar. 21, 2026 at 9:18am

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Polar Asset Management Partners Inc. has significantly reduced its stake in Qualcomm Incorporated (NASDAQ:QCOM), selling 93,968 shares in the third quarter. The hedge fund now owns just 7,232 shares of the wireless technology company, down from over 101,000 shares previously.

Why it matters

Qualcomm is a major player in the semiconductor and wireless technology industries, so changes in institutional ownership can provide insights into market sentiment around the company. Polar Asset Management Partners' decision to substantially trim its Qualcomm position may signal broader concerns about the stock's performance or outlook.

The details

According to a recent SEC filing, Polar Asset Management Partners sold 93,968 shares of Qualcomm stock in the third quarter, reducing its total holdings to just 7,232 shares. The hedge fund previously owned over 101,000 shares of the wireless technology company. Polar cited the changing market conditions and its investment strategy as reasons for the significant reduction in its Qualcomm position.

  • Polar Asset Management Partners sold the Qualcomm shares in the third quarter of 2026.

The players

Polar Asset Management Partners Inc.

A hedge fund that has significantly reduced its stake in Qualcomm Incorporated.

Qualcomm Incorporated

A global semiconductor and telecommunications equipment company headquartered in San Diego, California.

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The takeaway

Polar Asset Management Partners' decision to sell nearly 94,000 Qualcomm shares, representing a 92.9% reduction in its position, could signal broader concerns about the company's outlook among some institutional investors. However, Qualcomm remains a major player in the wireless technology industry, and changes in ownership do not necessarily reflect the long-term fundamentals of the business.