Wedge Capital Reduces Deere & Company Stake

Institutional investor trims position in industrial equipment manufacturer

Mar. 29, 2026 at 11:24am

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Wedge Capital Management L L P NC, a North Carolina-based investment firm, decreased its position in Deere & Company (NYSE: DE) by 16.4% in the fourth quarter, according to a recent SEC filing. The firm now owns 12,959 shares of the industrial products company's stock, valued at $6,033,000 as of the end of 2022.

Why it matters

Deere & Company is a bellwether for the agricultural and construction equipment industries, so changes in institutional ownership can signal broader market trends and sentiment around the company's performance and outlook.

The details

Wedge Capital Management reduced its Deere & Company holdings by selling 2,535 shares during the fourth quarter. The firm now owns a total of 12,959 shares, down from 15,494 shares at the end of the previous quarter. Deere & Company's stock price has fluctuated in recent months, reaching a 52-week high of $674.19 in March 2023 before pulling back.

  • Wedge Capital Management filed its 13F report for the fourth quarter of 2022 on March 29, 2026.
  • The firm's position in Deere & Company was reduced during the three-month period ending December 31, 2025.

The players

Wedge Capital Management L L P NC

A North Carolina-based investment management firm that decreased its stake in Deere & Company during the fourth quarter of 2022.

Deere & Company

A global manufacturer of agricultural, construction, and forestry machinery, as well as turf care equipment and power systems, headquartered in Moline, Illinois.

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The takeaway

This filing highlights the shifting institutional landscape around Deere & Company, a bellwether industrial stock. Investors will be watching to see if other major shareholders make similar moves in the coming quarters, which could signal broader market sentiment around the company's performance and outlook.