American Century Companies Sells Schwab Shares

Investment firm reduces stake in financial services provider

Mar. 3, 2026 at 1:39am by Ben Kaplan

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American Century Companies Inc. lowered its holdings in shares of The Charles Schwab Corporation by 10.0% during the third quarter, according to a recent SEC filing. The firm sold 303,072 shares, reducing its total stake in Schwab to 2,722,654 shares worth $259,932,000.

Why it matters

This transaction highlights the shifting investment landscape as institutional investors adjust their positions in major financial services firms like Schwab. While the sale may be due to portfolio rebalancing or other strategic reasons, it could signal broader market trends or changes in sentiment around the stock.

The details

According to the 13F filing, American Century Companies sold 303,072 shares of Schwab stock in the third quarter. This reduced the firm's total position to 2,722,654 shares, or about 0.15% of Schwab's outstanding shares. The sale comes as Schwab's stock price has fluctuated in recent months amid broader market volatility and concerns about the potential impact of AI on the financial services industry.

  • The share sale occurred during the third quarter of the year.
  • American Century Companies filed the 13F disclosure on March 1, 2026.

The players

American Century Companies Inc.

An investment management firm that oversees over $200 billion in assets.

The Charles Schwab Corporation

A major financial services provider offering brokerage, banking, and wealth management services.

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The takeaway

This transaction reflects the ongoing shifts in the investment landscape as institutional investors reevaluate their positions in major financial firms. While the specific reasons behind American Century's sale are unclear, it highlights the need for close monitoring of institutional ownership changes, which can provide insights into broader market trends and sentiment.