Nordea Investment Management Reduces Allstate Stake

Hedge fund cuts holdings in insurance provider by nearly 6% in Q4 2025

Mar. 24, 2026 at 9:39am

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Nordea Investment Management AB reduced its stake in The Allstate Corporation (NYSE:ALL) by 5.9% during the fourth quarter of 2025, according to a recent SEC filing. The hedge fund now owns approximately 325,493 shares of the insurance provider's stock, worth around $68.1 million.

Why it matters

Nordea's reduction in its Allstate holdings is noteworthy as the fund previously held a sizable position in the insurance company. The move could signal a shift in Nordea's investment strategy or a belief that Allstate's stock is overvalued at current levels.

The details

According to the 13F filing, Nordea sold 20,248 Allstate shares during the fourth quarter, bringing its total position down to 325,493 shares. Nordea owned approximately 0.12% of Allstate's outstanding stock as of the end of 2025.

  • Nordea filed its 13F report for the fourth quarter of 2025 on March 24, 2026.

The players

Nordea Investment Management AB

A Swedish investment management firm that oversees over $400 billion in assets.

The Allstate Corporation

A major U.S. insurance provider headquartered in Northbrook, Illinois.

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The takeaway

Nordea's reduction in its Allstate stake could signal broader concerns about the insurance sector or the company's valuation specifically. Investors will be watching to see if other major institutional holders make similar moves in the coming quarters.