Shikiar Asset Management Invests $7.94M in Salesforce

Hedge fund takes new position in cloud software leader

Apr. 9, 2026 at 12:08pm by Ben Kaplan

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A high-contrast, cinematic close-up of the complex gears and mechanisms of a powerful banking or financial institution machine, representing the secure infrastructure and stored wealth of the financial sector.Shikiar Asset Management's multi-million dollar investment in Salesforce signals continued institutional confidence in the cloud software leader's growth potential.San Francisco Today

Shikiar Asset Management Inc. bought a new position in Salesforce Inc. (NYSE:CRM) during the 4th quarter, according to its most recent SEC filing. The firm purchased 29,967 shares of the CRM provider's stock, valued at approximately $7,939,000.

Why it matters

This investment by Shikiar Asset Management, a respected hedge fund, signals confidence in Salesforce's long-term growth potential as a leading provider of cloud-based customer relationship management (CRM) software and enterprise applications.

The details

Shikiar Asset Management's new Salesforce position comprises approximately 2.0% of the firm's portfolio, making it the 18th largest holding. Several other major hedge funds have also recently modified their Salesforce holdings, indicating ongoing institutional investor interest in the stock.

  • Shikiar Asset Management purchased the Salesforce shares in the 4th quarter of 2025.
  • Salesforce's stock price has ranged from a 12-month low of $174.57 to a high of $296.05.

The players

Shikiar Asset Management Inc.

A hedge fund that manages investments and has taken a new position in Salesforce stock.

Salesforce Inc.

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

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The takeaway

Shikiar Asset Management's investment in Salesforce reflects ongoing institutional confidence in the company's cloud software leadership and growth potential, even as the stock has pulled back from recent highs.