Citigroup Reduces Position in MasTec, Inc.

Institutional investor sells 3,655 shares of construction company's stock

Published on Mar. 4, 2026

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Citigroup Inc. has reduced its position in MasTec, Inc. (NYSE:MTZ) by 14.2% during the third quarter, according to a recent 13F filing with the SEC. The institutional investor now owns 22,162 shares of the construction company's stock, valued at $4,716,000 at the end of the reporting period.

Why it matters

MasTec is a major infrastructure construction company that has seen significant growth and analyst optimism in recent months. Citigroup's reduced position could signal a shift in sentiment around the stock, though the overall outlook remains positive.

The details

Citigroup sold 3,655 shares of MasTec stock during the third quarter, reducing its total holdings to 22,162 shares. The move comes as MasTec has reported strong financial results, raised its 2026 outlook, and seen a number of analyst upgrades and price target increases.

  • Citigroup reduced its MasTec position during the third quarter of 2026.

The players

Citigroup Inc.

A multinational investment bank and financial services corporation.

MasTec, Inc.

A diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

Citigroup's reduced position in MasTec is noteworthy, but the overall outlook for the construction company remains positive, with strong financial results, an expanded backlog, and continued analyst support.