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Wedge Capital Reduces Stake in Jackson Financial
Investment firm sells nearly 92,000 shares of insurance company
Mar. 28, 2026 at 12:12pm
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Wedge Capital Management L L P NC, a North Carolina-based investment firm, reduced its holdings in Jackson Financial Inc. (NYSE: JXN) by 22.8% during the fourth quarter, according to a recent SEC filing. The firm sold 91,981 shares, leaving it with 310,875 shares worth approximately $33.2 million.
Why it matters
The reduction in Wedge Capital's stake in Jackson Financial is noteworthy as it represents a significant shift in the investment firm's position in the insurance company. This could signal a change in Wedge Capital's outlook on Jackson Financial or a broader portfolio rebalancing strategy.
The details
According to the SEC filing, Wedge Capital Management L L P NC now owns approximately 0.46% of Jackson Financial's outstanding shares. The firm had previously held a larger 0.59% stake in the company. The sale of 91,981 shares during the fourth quarter reduced Wedge Capital's position by nearly 23%.
- Wedge Capital Management L L P NC filed the SEC disclosure on March 28, 2026.
- The reduction in Wedge Capital's stake in Jackson Financial occurred during the fourth quarter of 2025.
The players
Wedge Capital Management L L P NC
A North Carolina-based investment management firm that reduced its holdings in Jackson Financial Inc. by 22.8% in the fourth quarter of 2025.
Jackson Financial Inc.
A U.S.-based financial services holding company that specializes in designing and distributing retirement products, including a range of fixed, variable and indexed annuity products.
The takeaway
The reduction in Wedge Capital's stake in Jackson Financial could signal a shift in the investment firm's outlook on the insurance company or a broader portfolio rebalancing strategy. Investors will likely watch closely to see if other institutional investors follow suit or if Wedge Capital continues to reduce its position in the coming quarters.
