DAVENPORT & Co LLC Trims Salesforce Stake

Institutional investor reduces position in CRM provider by 8.4% in Q4 2025

Mar. 27, 2026 at 8:06am by Ben Kaplan

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DAVENPORT & Co LLC, an institutional investor, trimmed its position in Salesforce Inc. (NYSE:CRM) by 8.4% during the fourth quarter of 2025, according to a recent SEC filing. The firm now owns 31,519 shares of the CRM provider's stock, valued at $8.35 million.

Why it matters

This filing provides insight into the investment decisions of DAVENPORT & Co LLC, a notable institutional investor. Tracking changes in large investors' portfolios can offer clues about market sentiment and future performance of individual stocks.

The details

According to the SEC filing, DAVENPORT & Co LLC sold 2,878 shares of Salesforce stock during the fourth quarter, reducing its total position to 31,519 shares. The firm cited unspecified reasons for the 8.4% trim to its Salesforce holdings.

  • DAVENPORT & Co LLC filed the 13F report disclosing the position change on March 27, 2026.
  • The portfolio adjustment occurred during the fourth quarter of 2025.

The players

DAVENPORT & Co LLC

An institutional investment firm that manages a portfolio of stocks, including a position in Salesforce Inc.

Salesforce Inc.

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

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The takeaway

This filing highlights the ongoing shifts in institutional investors' portfolios as they adjust their positions based on market conditions and their own investment strategies. While the reasons for DAVENPORT & Co LLC's Salesforce stake reduction are not specified, tracking such changes can provide valuable insights into the broader market sentiment around individual stocks.