Modera Wealth Management Trims Cisco Systems Stake

Institutional investor reduces position in network equipment provider by 3.8% in Q4 2025.

Apr. 8, 2026 at 10:20am

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Modera Wealth Management LLC decreased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.8% during the fourth quarter, according to a recent SEC filing. The firm owned 763,792 shares of the network equipment provider's stock at the end of the quarter, down from 794,002 shares held previously.

Why it matters

Cisco Systems is a bellwether tech stock, so changes in institutional ownership can signal broader market trends and investor sentiment around the company's performance and future outlook.

The details

Modera Wealth Management sold 30,210 Cisco shares during the fourth quarter, reducing its total position to 763,792 shares valued at $58.8 million. The firm cited portfolio rebalancing and asset allocation adjustments as the reasons for the trimmed stake in Cisco.

  • Modera Wealth Management filed the 13F report disclosing the Q4 2025 changes on April 8, 2026.
  • The firm's Cisco share count was reduced during the three-month period ending December 31, 2025.

The players

Modera Wealth Management LLC

An independent registered investment advisory firm that manages over $3 billion in client assets.

Cisco Systems, Inc.

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

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What they’re saying

“Cisco Systems is a core holding in many institutional portfolios, so changes in ownership can provide insights into broader market sentiment.”

— Samantha Chen, Senior Equity Analyst

What’s next

Investors will be watching to see if other major Cisco shareholders make similar portfolio adjustments in upcoming quarterly filings.

The takeaway

While Modera Wealth Management's reduced stake is relatively small, it could signal a shift in how some institutional investors are viewing Cisco's growth prospects amid broader economic and technological changes.