Amova Asset Management Reduces Reddit Stake

Institutional investor sells nearly 20,000 shares of social media platform

Published on Mar. 5, 2026

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Amova Asset Management Americas Inc., an institutional investor, lowered its position in Reddit Inc. (NYSE:RDDT) by 9.6% during the third quarter, according to a recent SEC filing. The firm sold 19,724 shares, leaving it with 186,558 shares worth $42.9 million at the end of the quarter.

Why it matters

Reddit has seen its stock price fluctuate significantly over the past year, with shares trading between $79.75 and $282.95. This filing provides insight into how one major institutional investor is adjusting its position in the social media company.

The details

Amova Asset Management Americas Inc. sold 19,724 shares of Reddit stock during the third quarter, reducing its overall stake in the company to 186,558 shares. This represented a 9.6% decrease in the firm's position. At the end of the quarter, Amova's Reddit holdings were valued at $42.9 million.

  • Amova Asset Management lowered its Reddit position during the third quarter of 2026.

The players

Amova Asset Management Americas Inc.

An institutional investor that owns a stake in Reddit Inc.

Reddit Inc.

A social media platform and online community that allows users to share and discuss content.

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The takeaway

This filing indicates that at least one major institutional investor has reduced its exposure to Reddit, potentially signaling broader market uncertainty around the social media company's long-term prospects despite its recent stock price volatility.