Russell Investments Reduces Stake in Packaging Corporation of America

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Russell Investments Group Ltd. reduced its holdings in Packaging Corporation of America (NYSE:PKG) by 8.0% in the third quarter, according to a recent SEC filing. The institutional investor now owns 124,279 shares of the industrial products company's stock, valued at approximately $27 million.

Why it matters

This transaction reflects changes in Russell Investments' portfolio allocation and investment strategy for Packaging Corporation of America, a major North American manufacturer of containerboard and corrugated packaging products. Tracking institutional investor activity can provide insights into market sentiment and potential future performance of a company's stock.

The details

According to the filing, Russell Investments sold 10,796 shares of Packaging Corporation of America during the third quarter. The institutional investor now owns approximately 0.14% of the company's outstanding shares. Packaging Corporation of America is a leading producer of a range of paper-based packaging solutions, including linerboard, corrugating medium, corrugated shipping containers, retail-ready packaging and point-of-purchase displays.

• Russell Investments reduced its Packaging Corporation of America holdings in the third quarter of 2026.