Chevy Chase Trust Holdings LLC Reduces Western Digital Stock Holdings

Asset management firm cuts stake in data storage provider by 3.9% in Q3 2025

Mar. 17, 2026 at 8:09am

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Chevy Chase Trust Holdings LLC, an investment management firm, reduced its position in shares of Western Digital Corporation (NASDAQ:WDC) by 3.9% in the third quarter of 2025, according to a recent filing with the Securities and Exchange Commission. The firm now owns 177,052 shares of the data storage provider's stock, down from 184,275 shares previously.

Why it matters

This transaction provides insight into the investment strategy and portfolio adjustments of Chevy Chase Trust Holdings, a prominent institutional investor. Changes in major shareholders' positions can signal broader market trends or shifts in sentiment around a particular stock or sector.

The details

Chevy Chase Trust Holdings sold 7,223 shares of Western Digital during the third quarter, reducing its total stake in the company to approximately 0.05% of outstanding shares. The firm cited portfolio rebalancing and risk management as reasons for the sale.

  • Chevy Chase Trust Holdings filed the Q3 2025 disclosure on March 17, 2026.

The players

Chevy Chase Trust Holdings LLC

An investment management firm that oversees over $25 billion in client assets.

Western Digital Corporation

A global data storage company that designs, manufactures and sells hard disk drives (HDDs), solid-state drives (SSDs), and other data storage solutions.

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The takeaway

This transaction reflects Chevy Chase Trust Holdings' ongoing portfolio management as it adjusts its exposure to the data storage industry. Investors will likely continue to monitor changes in major institutional ownership of Western Digital and other technology companies as a signal of broader market sentiment.