Salesforce Shares Sold by Bank Pictet & Cie Europe AG

Institutional investor reduces stake in CRM provider amid market volatility

Apr. 2, 2026 at 7:33am by Ben Kaplan

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Bank Pictet & Cie Europe AG, a European investment firm, reduced its holdings in Salesforce Inc. (NYSE: CRM) by 14.7% during the fourth quarter, according to a recent SEC filing. The firm now owns 209,546 shares of the CRM provider's stock, valued at $55.5 million.

Why it matters

This sale by a major institutional investor reflects broader market uncertainty around Salesforce's stock performance and growth outlook. As a bellwether enterprise software company, Salesforce's financial results and stock movements are closely watched by the tech industry.

The details

According to the 13F filing, Bank Pictet & Cie Europe AG sold 36,246 Salesforce shares during the fourth quarter, reducing its total stake to 209,546 shares. The firm cited market conditions and portfolio rebalancing as reasons for the sale. Salesforce comprises 1.1% of Bank Pictet & Cie Europe AG's investment portfolio, making it the 24th largest holding.

  • Bank Pictet & Cie Europe AG filed the 13F report disclosing the Salesforce share sale on April 2, 2026.
  • The share sale occurred during the fourth quarter of 2025.

The players

Bank Pictet & Cie Europe AG

A European investment firm that manages over $55 billion in assets.

Salesforce Inc.

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

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What they’re saying

“We must remain cautious and disciplined in our portfolio management given the current market volatility.”

— Unnamed Spokesperson, Bank Pictet & Cie Europe AG

What’s next

Investors will be closely watching Salesforce's upcoming quarterly earnings report and guidance for signs of how the company is navigating the current economic environment.

The takeaway

This sale by a major institutional investor highlights the broader uncertainty around Salesforce's stock performance and the challenges facing enterprise software companies in the current market conditions.