TIAA Trust National Association Reduces Salesforce Inc. Stake

Institutional investor lowers position in CRM provider by nearly 70%

Mar. 3, 2026 at 7:23am by Ben Kaplan

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TIAA Trust National Association, an institutional investor, has reduced its stake in Salesforce Inc. (NYSE:CRM) by 69.6% during the third quarter, according to a recent filing with the Securities and Exchange Commission. The firm now owns 34,814 shares of the CRM provider's stock, down from 114,662 shares previously.

Why it matters

Salesforce is a major player in the customer relationship management (CRM) software market, and changes in institutional ownership can signal shifts in investor sentiment around the company. The significant reduction in TIAA Trust National Association's position could indicate broader concerns about Salesforce's performance or outlook.

The details

According to the SEC filing, TIAA Trust National Association sold 79,848 shares of Salesforce during the third quarter, leaving it with a remaining position of 34,814 shares worth $8,251,000. The institutional investor cited unspecified reasons for the nearly 70% reduction in its Salesforce holdings.

  • The stake reduction occurred during the third quarter of the year.

The players

TIAA Trust National Association

An institutional investor that has reduced its stake in Salesforce Inc. by nearly 70%.

Salesforce Inc.

A leading provider of customer relationship management (CRM) software and cloud-based applications.

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The takeaway

The significant reduction in TIAA Trust National Association's Salesforce holdings could signal broader concerns about the company's performance or outlook among institutional investors. However, without further details, it's difficult to determine the specific reasons behind the stake reduction.