Rafferty Asset Management Trims Fastenal Holdings

Investment firm reduces stake in industrial supply company by 7.8% in Q3

Mar. 3, 2026 at 12:39am

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Rafferty Asset Management LLC decreased its position in shares of Fastenal Company (NASDAQ:FAST) by 7.8% in the third quarter, according to a recent SEC filing. The firm now owns 360,566 shares of the company's stock, valued at $17,682,000 at the end of the reporting period.

Why it matters

Fastenal is a major industrial and construction supply company, so changes in institutional ownership can signal broader market trends and investor sentiment around the stock. Rafferty's reduction in its Fastenal stake may indicate a shift in the firm's outlook on the company or the industrial sector more broadly.

The details

According to the 13F filing, Rafferty Asset Management sold 30,707 shares of Fastenal during the third quarter. The firm now holds a total of 360,566 shares of the company's stock. Fastenal is a wholesale distributor of industrial and construction supplies, best known for its wide range of fasteners and other industrial consumables.

  • Rafferty Asset Management reduced its Fastenal holdings in the third quarter of 2026.

The players

Rafferty Asset Management LLC

An investment management firm that oversees a portfolio of stocks, bonds, and other assets.

Fastenal Company

A publicly traded wholesale distributor of industrial and construction supplies, including fasteners, tools, safety equipment, and other industrial consumables.

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The takeaway

Rafferty Asset Management's reduction in its Fastenal holdings may signal a broader shift in investor sentiment around the industrial supply sector, though the reasons behind the firm's decision are not entirely clear from the limited information provided. Continued monitoring of institutional ownership changes and analyst commentary around Fastenal and similar companies could provide further insights into market trends in this space.