Amova Asset Management Lowers Salesforce Stock Position

Hedge fund reduces stake in CRM provider by 17.6% in Q3

Mar. 5, 2026 at 8:34am by Ben Kaplan

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Amova Asset Management Americas Inc. decreased its holdings in shares of Salesforce Inc. (NYSE:CRM) by 17.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,801 shares of the CRM provider's stock after selling 16,630 shares during the period.

Why it matters

This filing provides insight into the investment decisions of Amova Asset Management, a notable hedge fund, and their view on the future prospects of Salesforce, a leading customer relationship management software company.

The details

Amova Asset Management Americas Inc. sold 16,630 shares of Salesforce stock in the third quarter, reducing its total position to 77,801 shares. The firm's holdings in Salesforce were valued at $18,436,000 at the end of the reporting period.

  • Amova Asset Management decreased its Salesforce holdings during the 3rd quarter of the year.

The players

Amova Asset Management Americas Inc.

A hedge fund that decreased its stake in Salesforce by 17.6% in the third quarter.

Salesforce Inc.

A global provider of cloud-based customer relationship management (CRM) and enterprise software solutions.

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The takeaway

This filing suggests Amova Asset Management has a more cautious outlook on Salesforce's near-term performance compared to the previous quarter, though the company remains a significant holding in the fund's portfolio.