Moran Wealth Management Reduces NetApp Stake

Hedge fund cuts 10.5% of its position in data storage company

Apr. 18, 2026 at 11:25am

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Moran Wealth Management LLC reduced its stake in NetApp, Inc. (NASDAQ:NTAP) by 10.5% in the fourth quarter, according to a recent 13F filing. The firm now owns 243,199 shares of the data storage provider's stock, worth $26.04 million, making it NetApp's 20th largest institutional investor.

Why it matters

This filing provides insight into the investment decisions of Moran Wealth Management, a prominent hedge fund. The reduction in NetApp holdings suggests the fund may have a less bullish outlook on the data storage company's prospects compared to previous quarters.

The details

Moran Wealth Management sold 28,540 shares of NetApp stock during the fourth quarter, bringing its total position down to 243,199 shares. The firm cited unspecified reasons for the portfolio adjustment, which reduced its stake in NetApp to 0.8% of its total holdings.

  • Moran Wealth Management filed the 13F report disclosing the NetApp stake reduction on April 18, 2026.
  • The hedge fund made the trades in the fourth quarter of 2025.

The players

Moran Wealth Management LLC

A hedge fund that manages $26.04 million in NetApp shares, making it the 20th largest institutional investor in the data storage company.

NetApp, Inc.

A data management and storage company that delivers hybrid cloud data services for applications and data, headquartered in Sunnyvale, California.

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The takeaway

This filing highlights the shifting investment landscape around NetApp, as one of its prominent institutional backers has reduced its position. While the reasons are not specified, it suggests potential uncertainty about the company's future performance among some investors.