Assenagon Asset Management Reduces Genuine Parts Stake

Hedge fund cuts holdings in auto parts retailer by over 93% in Q4 2025

Mar. 29, 2026 at 7:19am

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Assenagon Asset Management S.A., a global investment firm, significantly reduced its position in Genuine Parts Company (NYSE: GPC) during the fourth quarter of 2025, selling off over 809,000 shares and retaining just 58,788 shares worth $7.2 million.

Why it matters

Genuine Parts is a Dividend King, with a long history of consecutive annual dividend increases, making it a popular holding among income-oriented investors. Significant changes to major institutional ownership can impact the stock's valuation and trading dynamics.

The details

According to a recent 13F filing, Assenagon Asset Management decreased its stake in Genuine Parts by 93.2% in Q4 2025, selling 809,425 shares and retaining just 58,788 shares. The firm cited weaker than expected near-term results as the primary driver behind the portfolio changes.

  • Assenagon Asset Management filed its 13F report for Q4 2025 on March 29, 2026.
  • The firm sold off the majority of its Genuine Parts holdings during the fourth quarter of 2025.

The players

Assenagon Asset Management S.A.

A global investment management firm that significantly reduced its position in Genuine Parts Company in Q4 2025.

Genuine Parts Company

A specialty retailer and distributor of automotive replacement parts, industrial parts, and business products.

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What’s next

Investors will be closely watching Genuine Parts' upcoming quarterly results and guidance to assess the impact of the recent institutional selling and analyst downgrades.

The takeaway

The significant reduction in Assenagon Asset Management's Genuine Parts holdings highlights the stock's sensitivity to near-term performance and analyst sentiment, despite its long-term status as a Dividend King. This could foreshadow increased volatility for the stock in the coming quarters.