Mirador Capital Partners Reduces Salesforce Stake

Hedge fund cuts CRM position by nearly two-thirds in Q4 2025

Mar. 28, 2026 at 11:13am by Ben Kaplan

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Mirador Capital Partners LP reduced its stake in Salesforce Inc. (NYSE:CRM) by 64.8% during the fourth quarter of 2025, according to a recent SEC filing. The firm now owns 3,106 shares of the CRM provider's stock, down from 8,815 shares held previously.

Why it matters

This filing indicates a shift in Mirador's investment strategy and sentiment around Salesforce, one of the leading cloud software companies. Institutional investors' positions in major tech stocks are closely watched for signals about the broader market.

The details

According to the 13F filing, Mirador Capital Partners sold 5,709 Salesforce shares in Q4 2025, leaving it with a much smaller position of 3,106 shares valued at $823,000. The firm did not provide a reason for the reduced stake in the CRM provider.

  • Mirador Capital Partners filed the 13F disclosure on March 28, 2026.
  • The filing covers Mirador's positions as of the end of Q4 2025.

The players

Mirador Capital Partners LP

A California-based investment management firm that oversees over $1.2 billion in client assets.

Salesforce Inc.

A global leader in cloud-based customer relationship management (CRM) software and enterprise applications.

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The takeaway

Mirador Capital's reduced stake in Salesforce could signal broader investor uncertainty around the CRM provider's growth prospects, though the firm did not cite specific reasons for the portfolio change. Analysts will be watching to see if other major institutional investors follow suit or maintain confidence in Salesforce's long-term trajectory.