Fisher Asset Management Trims Stake in Granite Construction

Institutional investor reduces position in construction company by 2.4% in Q3

Published on Mar. 4, 2026

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Fisher Asset Management LLC, a major institutional investor, decreased its stake in Granite Construction Incorporated (NYSE:GVA) by 2.4% in the third quarter, according to a recent SEC filing. The fund now owns 362,505 shares of the construction company's stock, valued at around $39.7 million.

Why it matters

Granite Construction is a leading heavy civil contractor and construction materials producer, so changes in institutional ownership can signal broader market sentiment around the company and the construction industry as a whole.

The details

Fisher Asset Management sold 9,026 shares of Granite Construction in Q3, reducing its overall position to 362,505 shares. The fund now owns about 0.83% of the company's outstanding stock. Several other large investors also modified their holdings of Granite Construction during the quarter, with some increasing and others decreasing their positions.

  • Fisher Asset Management filed its Q3 2026 13F report in early March 2026.

The players

Fisher Asset Management LLC

A major institutional investment firm that manages over $200 billion in assets.

Granite Construction Incorporated

A publicly traded heavy civil contractor and construction materials producer based in Watsonville, California.

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The takeaway

The reduction in Fisher Asset Management's stake in Granite Construction is a relatively modest change, but it could signal some broader caution around the construction industry among institutional investors as economic conditions evolve.