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Eli Lilly Shares Bought by Power Wealth Management
Institutional investor increases stake in pharmaceutical giant by 185.8% in Q3
Mar. 3, 2026 at 8:39am
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Power Wealth Management LLC, an institutional investor, increased its holdings in Eli Lilly and Company (NYSE:LLY) by 185.8% in the 3rd quarter, according to a recent 13F filing with the SEC. The firm now owns 1,706 shares of the company's stock worth $1,302,000.
Why it matters
Eli Lilly is one of the world's largest pharmaceutical companies, known for developing innovative drugs and therapies. Institutional investors closely monitor and trade Lilly's stock, as changes in ownership can signal broader market trends and investor sentiment around the company.
The details
Power Wealth Management added 1,109 shares to its Eli Lilly position during the third quarter, bringing its total holdings to 1,706 shares. The firm's increased stake in Lilly reflects growing investor confidence in the company's product pipeline and financial performance.
- Power Wealth Management filed its 13F report for the 3rd quarter of 2026.
The players
Power Wealth Management LLC
An institutional investment firm that manages a portfolio of stocks, bonds, and other assets on behalf of its clients.
Eli Lilly and Company
A global pharmaceutical company that researches, develops, manufactures, and commercializes a broad range of medicines and therapies for patients worldwide.
The takeaway
Eli Lilly's stock continues to attract strong institutional investor interest, reflecting the company's position as a leading innovator in the pharmaceutical industry. The increased stake by Power Wealth Management suggests growing confidence in Lilly's long-term growth prospects.
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