State of Alaska Trims Stake in Western Digital

The state's pension fund reduced its holdings in the data storage company by 7% in Q4 2025.

Apr. 14, 2026 at 10:38am

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An extreme close-up of interlocking metal gears and circuit boards, conceptually representing the complex technological systems that store and process vast amounts of digital data.As data demands surge, Western Digital's data storage solutions form the unseen infrastructure powering the digital economy.San Jose Today

The State of Alaska Department of Revenue reduced its stake in Western Digital Corporation (NASDAQ:WDC) by 7.0% during the fourth quarter, according to a recent SEC filing. The institutional investor now owns 43,539 shares of the data storage provider's stock, valued at $7.5 million.

Why it matters

This move by a major institutional investor provides insight into the market's sentiment around Western Digital, a key player in the data storage and memory chip industry. The stock has seen increased analyst attention and price target raises recently, driven by the growing demand for storage solutions to support AI and other data-intensive technologies.

The details

In its 13F filing, the State of Alaska Department of Revenue reported selling 3,255 shares of Western Digital in Q4 2025. The department now holds a $7.5 million position in the company, down from $8 million at the end of the prior quarter. Several other major institutional investors, including Sumitomo Mitsui Trust Group and Robeco Institutional Asset Management, have also adjusted their WDC holdings in recent quarters.

  • The State of Alaska Department of Revenue filed its Q4 2025 13F on April 14, 2026.
  • The department reduced its WDC stake by 7% during the fourth quarter of 2025.

The players

State of Alaska Department of Revenue

An institutional investor and pension fund that manages investments for the state of Alaska.

Western Digital Corporation

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

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What’s next

Western Digital is scheduled to report its Q3 FY2026 earnings on April 30, after the market close. The company's results and guidance will be closely watched as the next potential catalyst for the stock.

The takeaway

This filing highlights the ongoing institutional interest and scrutiny around Western Digital as a key player in the data storage and memory chip industry. The stock's recent performance and analyst sentiment suggest the company is well-positioned to benefit from the growing demand for storage solutions to support emerging technologies like AI.