Citigroup Reduces Stake in Blue Bird Corporation

Institutional investor sells off over 60% of its shares in school bus manufacturer

Published on Mar. 4, 2026

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Citigroup Inc. has reduced its stake in Blue Bird Corporation (NASDAQ:BLBD) by 63.6% in the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The financial services firm now owns 92,391 shares of the company's stock, down from 253,662 shares previously.

Why it matters

Blue Bird is a leading manufacturer of school buses and other mass transportation vehicles, so changes in major institutional ownership can signal shifts in investor sentiment around the company and its future prospects.

The details

Citigroup cited the sale of 161,271 Blue Bird shares during the third quarter as the reason for its reduced stake in the company. Despite the sell-off, Citigroup still owns 0.29% of Blue Bird's outstanding shares, valued at around $5.3 million as of the most recent filing.

  • Citigroup reduced its Blue Bird stake in the 3rd quarter of 2026.

The players

Citigroup Inc.

A multinational investment bank and financial services corporation.

Blue Bird Corporation

A leading manufacturer of school buses and other mass transportation vehicles, headquartered in Fort Valley, Georgia.

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The takeaway

This reduction in Citigroup's Blue Bird holdings could signal broader investor uncertainty around the school bus manufacturer's future performance, though the company remains majority-owned by institutional investors.