ICONIQ Capital Reduces Salesforce Stake

Hedge fund cuts holdings in CRM by 7.3% in Q3

Mar. 16, 2026 at 10:39am by Ben Kaplan

Got story updates? Submit your updates here. ›

ICONIQ Capital LLC reduced its stake in Salesforce Inc. (NYSE:CRM) by 7.3% in the third quarter, according to a recent SEC filing. The hedge fund now owns 35,168 shares of the CRM provider's stock, valued at $8.34 million.

Why it matters

Salesforce is a major player in the cloud-based customer relationship management (CRM) software market, and changes in institutional ownership can signal shifts in investor sentiment around the company.

The details

According to the filing, ICONIQ Capital sold 2,760 shares of Salesforce during the third quarter, bringing its total holdings down to 35,168 shares. The firm's Salesforce position was valued at $8.34 million as of the end of the quarter.

  • ICONIQ Capital filed the 13F report disclosing the stake reduction on March 16, 2026.

The players

ICONIQ Capital LLC

A multi-family office and investment firm that manages assets for a number of high-net-worth individuals and families.

Salesforce Inc.

A global provider of cloud-based customer relationship management (CRM) and enterprise software solutions, headquartered in San Francisco.

Got photos? Submit your photos here. ›

The takeaway

The reduction in ICONIQ Capital's Salesforce stake, while relatively small, could signal a shift in sentiment around the stock among some institutional investors. However, Salesforce remains a widely held and closely watched company in the tech sector.