Legal & General Group Plc Increases Stake in Western Digital Corporation

The investment firm raised its ownership in the data storage provider by 9.8% during the 3rd quarter.

Mar. 12, 2026 at 10:21am

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According to a recent SEC filing, Legal & General Group Plc increased its stake in Western Digital Corporation (NASDAQ:WDC) by 9.8% during the 3rd quarter. The fund now owns 2,098,618 shares of the data storage provider's stock, representing 0.61% ownership.

Why it matters

This transaction indicates that a major institutional investor sees continued growth potential in Western Digital, one of the leading manufacturers of hard disk drives and solid-state drives. The increase in ownership stake suggests Legal & General Group's confidence in Western Digital's market position and future performance.

The details

According to the 13F filing, Legal & General Group Plc purchased an additional 187,619 shares of Western Digital during the 3rd quarter, bringing its total ownership to 2,098,618 shares. This represents a 9.8% increase in the fund's position in the company.

  • The transaction occurred during the 3rd quarter of 2026.

The players

Legal & General Group Plc

A major global investment management firm headquartered in the United Kingdom.

Western Digital Corporation

A leading manufacturer of data storage solutions, including hard disk drives and solid-state drives.

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The takeaway

This increase in ownership by a prominent institutional investor suggests continued confidence in Western Digital's long-term growth prospects, despite any short-term market fluctuations. It underscores the company's position as a key player in the data storage industry.