USA Financial Formulas Trims Cisco Systems Stock Holdings

Institutional investor reduces stake in network equipment provider by over 60%

Mar. 29, 2026 at 12:04pm

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USA Financial Formulas, an institutional investor, has reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 63.4% in the fourth quarter. The firm now holds 13,989 shares of the network equipment provider's stock, valued at $1.08 million as of its most recent SEC filing.

Why it matters

Cisco Systems is a major player in the networking hardware and software industry, and changes in institutional ownership of its stock can provide insights into market sentiment and investment trends around the company.

The details

According to the report, USA Financial Formulas sold 24,265 shares of Cisco Systems during the fourth quarter, trimming its total holdings to 13,989 shares. The firm's previous position in Cisco was valued at $1.55 million. The move comes as other major hedge funds, such as DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main and Arrowstreet Capital Limited Partnership, have increased their stakes in the company.

  • USA Financial Formulas made the stock sale during the fourth quarter of 2025.

The players

USA Financial Formulas

An institutional investor that has reduced its position in Cisco Systems, Inc.

Cisco Systems, Inc.

A global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment.

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The takeaway

The reduction in USA Financial Formulas' Cisco Systems holdings suggests a potential shift in market sentiment around the networking equipment provider, though the overall institutional ownership of the stock remains strong.