First Trust Advisors Trims Stake in Fastenal Company

Investment firm reduces holding in industrial supply distributor by 5.8% in Q3

Published on Mar. 9, 2026

Got story updates? Submit your updates here. ›

First Trust Advisors LP reduced its position in Fastenal Company (NASDAQ:FAST) by 5.8% during the third quarter, according to a recent SEC filing. The firm now owns 2,198,291 shares of the company's stock, worth approximately $107.8 million.

Why it matters

Fastenal is a major industrial and construction supply distributor, so changes in institutional ownership can signal broader market sentiment around the company and the industrial sector. First Trust Advisors is a prominent investment management firm, so its portfolio adjustments are closely watched by investors.

The details

According to the 13F filing, First Trust Advisors sold 136,389 shares of Fastenal stock during the third quarter. The firm now owns a 0.19% stake in the company. Fastenal's stock price has fluctuated in recent months, trading between $35 and $51 per share over the past year.

  • First Trust Advisors made the portfolio changes in the third quarter of 2025.

The players

First Trust Advisors LP

An investment management firm that oversees over $200 billion in assets.

Fastenal Company

A major wholesale distributor of industrial and construction supplies, best known for its wide range of fasteners and other MRO products.

Got photos? Submit your photos here. ›

The takeaway

The reduction in First Trust Advisors' Fastenal stake could signal some broader caution around industrial stocks, though the firm still maintains a sizable position in the company. Investors will be watching to see if other major institutional holders make similar portfolio adjustments in the coming quarters.