LGT Group Foundation Boosts Stake in Western Digital

Data storage provider's shares acquired by investment firm in third quarter

Published on Mar. 9, 2026

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LGT Group Foundation, an investment firm, increased its position in Western Digital Corporation (NASDAQ:WDC) by 330.6% during the third quarter, according to a recent SEC filing. The firm now owns 175,517 shares of the data storage provider's stock, worth $22.9 million as of the end of the quarter.

Why it matters

The significant increase in LGT Group Foundation's stake in Western Digital indicates the investment firm's confidence in the data storage company's growth potential. This news could signal positive momentum for Western Digital's stock performance going forward.

The details

According to the SEC filing, LGT Group Foundation added 134,760 shares of Western Digital to its portfolio during the third quarter, bringing its total ownership to 175,517 shares. This represents a 330.6% increase in the firm's position in the data storage provider.

  • The SEC filing was made on March 9, 2026, disclosing the third quarter 2025 transactions.

The players

LGT Group Foundation

An investment firm that significantly increased its stake in Western Digital Corporation during the third quarter of 2025.

Western Digital Corporation

A global data storage company that designs, manufactures, and sells a range of storage devices and systems for personal, enterprise, and cloud applications.

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The takeaway

The increased investment by LGT Group Foundation in Western Digital suggests the firm sees strong growth potential in the data storage company, which could signal positive stock performance ahead for Western Digital.