Chevy Chase Trust Holdings Reduces Stake in Seagate Technology

Investment firm cuts position in data storage provider by 3%

Mar. 17, 2026 at 8:09am

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Chevy Chase Trust Holdings LLC, a Maryland-based investment management firm, decreased its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 3% in the third quarter of 2025, according to a recent SEC filing. The firm now owns 108,745 shares of the data storage provider's stock, valued at $25.67 million.

Why it matters

Seagate Technology is a major player in the data storage industry, providing hard disk drives, solid-state drives, and integrated storage systems to enterprise, cloud, and consumer markets. Changes in institutional ownership of the company's stock can signal shifts in investor sentiment and market expectations.

The details

According to the 13F filing, Chevy Chase Trust Holdings sold 3,347 shares of Seagate Technology during the third quarter, reducing its position by 3%. The firm now owns 0.05% of the company's outstanding shares. Other notable investors in Seagate Technology include National Pension Service, which increased its stake by 28% in the same period, and Keystone Investors PTE Ltd., which raised its position by 55.7%.

  • Chevy Chase Trust Holdings filed its 13F report for the third quarter of 2025 on March 17, 2026.

The players

Chevy Chase Trust Holdings LLC

A Maryland-based investment management firm that decreased its stake in Seagate Technology by 3% in the third quarter of 2025.

Seagate Technology Holdings PLC

A global data storage company that designs, manufactures, and sells a range of storage products and systems, including hard disk drives, solid-state drives, and integrated storage solutions.

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The takeaway

The reduction in Chevy Chase Trust Holdings' position in Seagate Technology is a relatively small change, but it could signal a shift in investor sentiment towards the data storage provider. However, the overall institutional ownership of Seagate Technology remains high, with other major investors increasing their stakes in the company.