Chevy Chase Trust Holdings Reduces Target Stake

Institutional investor sells off over 64,000 shares of retail giant in Q3 2026

Mar. 17, 2026 at 8:09am

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Chevy Chase Trust Holdings LLC, an institutional investor, decreased its position in shares of Target Corporation (NYSE:TGT) by 21.6% during the third quarter of 2026, according to a recent SEC filing. The firm sold off 64,530 shares, leaving it with 234,318 shares of the retailer's stock worth $21,018,000 as of the end of the quarter.

Why it matters

Target is one of the largest retailers in the United States, so changes in institutional ownership of the stock can provide insights into investor sentiment around the company's performance and future prospects. The reduction in Chevy Chase Trust's stake may signal some concerns about Target's outlook, though the overall reasons behind the sell-off are not entirely clear.

The details

According to the SEC filing, Chevy Chase Trust Holdings LLC owned 0.05% of Target's outstanding shares as of the end of the third quarter. The firm's total position was valued at $21,018,000, down from $26,748,000 at the end of the prior quarter due to the sale of 64,530 shares.

  • Chevy Chase Trust Holdings LLC decreased its Target stake during the third quarter of 2026.

The players

Chevy Chase Trust Holdings LLC

An institutional investment firm that decreased its position in Target Corporation in Q3 2026.

Target Corporation

A major U.S. retailer headquartered in Minneapolis, Minnesota.

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The takeaway

The reduction in Chevy Chase Trust's Target stake could signal some investor concerns about the retailer's future performance, though the exact reasons behind the sell-off are unclear. As a major institutional investor, changes in Chevy Chase Trust's holdings are worth monitoring for insights into broader sentiment around Target.