Legal & General Group Plc Trims Salesforce Inc. Stake

Investment firm reduces holdings in CRM by 0.3% in Q3

Published on Mar. 10, 2026

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Legal & General Group Plc, a major institutional investor, trimmed its holdings in Salesforce Inc. (NYSE:CRM) by 0.3% during the third quarter, according to a recent 13F filing with the SEC. The firm still owns a sizable 6.6 million shares, or about 0.69% of the CRM provider's stock, valued at over $1.5 billion.

Why it matters

Salesforce is a closely watched tech stock, and changes in ownership by major institutional investors like Legal & General can signal broader market sentiment. While the reduction was relatively small, it could indicate some investors are taking a more cautious stance on the software company's outlook.

The details

According to the 13F filing, Legal & General sold 20,420 Salesforce shares during the third quarter, reducing its total position to 6,591,120 shares. The firm remains one of the larger institutional holders of Salesforce stock, owning about 0.69% of the company's outstanding shares.

  • Legal & General Group Plc filed the 13F report for the third quarter of 2026.

The players

Legal & General Group Plc

A major global investment management firm based in the United Kingdom.

Salesforce Inc.

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

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The takeaway

While the reduction in Salesforce holdings by Legal & General was relatively small, it could signal some caution among institutional investors about the software company's near-term prospects. However, Legal & General remains a significant shareholder, underscoring Salesforce's continued appeal as a long-term investment.