Korea Investment CORP Decreases Stock Position in Watsco, Inc.

Hedge fund trims holdings in construction company by over 32%

Mar. 13, 2026 at 9:10am

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According to a recent SEC filing, Korea Investment CORP has reduced its stake in Watsco, Inc. (NYSE:WSO) by 32.2% during the third quarter. The hedge fund now owns 17,385 shares of the construction company's stock, down from 25,625 shares previously.

Why it matters

Watsco is a major distributor of heating, ventilation, air conditioning and refrigeration (HVAC/R) equipment, parts and supplies in the United States. Changes in institutional ownership can signal shifts in investor sentiment around the company's performance and future prospects.

The details

Korea Investment CORP sold 8,240 shares of Watsco stock during the third quarter, reducing its total holdings to 17,385 shares valued at $7,029,000. The move comes after Watsco reported weaker-than-expected revenue and earnings in its most recent quarterly results, leading some analysts to trim their near-term forecasts for the company.

  • Korea Investment CORP filed the 13F report disclosing the stake reduction on March 13, 2026.
  • The hedge fund made the trades during the third quarter of 2025.

The players

Korea Investment CORP

A major South Korean sovereign wealth fund that invests globally across various asset classes.

Watsco, Inc.

The largest distributor of heating, ventilation, air conditioning and refrigeration (HVAC/R) equipment, parts and supplies in the United States.

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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

This reduction in Korea Investment CORP's Watsco holdings reflects broader concerns about the construction and HVAC industry's near-term outlook, as evidenced by recent earnings misses and analyst downgrades. However, the company's long-term fundamentals remain strong, and it continues to be a dominant player in its market.