Waycross Partners Sells Majority Stake in Target

Institutional investor reduces holdings in retail giant by nearly 98% in Q4 2025

Mar. 28, 2026 at 12:13pm

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Waycross Partners LLC, a financial investment firm, significantly reduced its stake in Target Corporation (NYSE: TGT) during the fourth quarter of 2025, selling off 150,749 shares and retaining just 3,163 shares worth $309,000 at the end of the reporting period.

Why it matters

This large sell-off by Waycross Partners suggests the firm may have lost confidence in Target's future performance or decided to reallocate capital to other investment opportunities. Institutional investor activity can provide insights into market sentiment and influence stock price movements.

The details

According to a recent 13F filing with the Securities and Exchange Commission, Waycross Partners' holdings in Target dropped by 97.9% during the fourth quarter. The firm went from owning 153,912 shares worth an estimated $15.1 million to just 3,163 shares valued at $309,000 by the end of the quarter.

  • Waycross Partners filed its 13F report for the fourth quarter of 2025 on March 28, 2026.
  • The firm's holdings in Target were reduced between October 1 and December 31, 2025.

The players

Waycross Partners LLC

A financial investment firm that significantly reduced its stake in Target Corporation during the fourth quarter of 2025.

Target Corporation

A major U.S. retailer headquartered in Minneapolis, Minnesota, known for its discount stores and e-commerce platform.

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What they’re saying

“We must continue to monitor institutional investor activity as it can provide valuable insights into market sentiment and future stock performance.”

— Analyst, Market Strategist

What’s next

Investors and analysts will be closely watching to see if other institutional investors follow Waycross Partners' lead and reduce their positions in Target. Any significant shifts in ownership could signal broader concerns about the retailer's outlook.

The takeaway

This large sell-off by Waycross Partners highlights the importance of monitoring institutional investor activity, as it can provide valuable clues about the market's perception of a company's future prospects.