Empirical Wealth Management Reduces Stake in Western Digital

Hedge fund trims position in data storage provider by 12.8% in Q4

Apr. 2, 2026 at 8:26am

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Empirical Financial Services LLC d.b.a. Empirical Wealth Management reduced its holdings in Western Digital Corporation (NASDAQ:WDC) by 12.8% during the fourth quarter, according to the company's latest 13F filing with the SEC. The fund now owns 48,461 shares of the data storage provider's stock, valued at $8.3 million.

Why it matters

This filing provides insight into the investment decisions of Empirical Wealth Management, a prominent hedge fund, and their view on the future prospects of Western Digital, a major player in the data storage industry.

The details

According to the 13F, Empirical Wealth Management sold 7,130 shares of Western Digital during the fourth quarter. The fund now holds a total of 48,461 shares, down from 55,591 shares at the end of the previous quarter. Western Digital's stock price has seen significant volatility in recent months, with the share price ranging from a low of $28.83 to a high of $319.62 over the past year.

  • The 13F filing covers the fourth quarter of 2025, ending on December 31st.
  • Empirical Wealth Management made the changes to its Western Digital position during the three-month period from October 1st to December 31st, 2025.

The players

Empirical Financial Services LLC d.b.a. Empirical Wealth Management

A hedge fund that manages investments for institutional and high-net-worth clients, with a focus on technology and data-driven sectors.

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 for personal, enterprise, and cloud applications.

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The takeaway

This filing highlights the ongoing shifts in investor sentiment around data storage companies like Western Digital, as funds adjust their portfolios to adapt to changing market conditions and technological trends.