Fastenal Shares Sold by Chevy Chase Trust Holdings

Institutional investor reduced stake in industrial supply company

Mar. 17, 2026 at 8:11am

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Chevy Chase Trust Holdings LLC, an institutional investor, reduced its holdings in Fastenal Company (NASDAQ:FAST) by 2.5% in the third quarter, according to a recent SEC filing. The firm previously owned 592,990 shares of the industrial supply company's stock, valued at $29,080,000.

Why it matters

This transaction provides insight into the investment strategies of Chevy Chase Trust Holdings, a major institutional investor. Fastenal is a leading industrial and construction supply company, so changes in institutional ownership of its stock can signal broader trends in the industrial sector.

The details

Chevy Chase Trust Holdings sold 15,370 shares of Fastenal stock during the third quarter, reducing its total holdings to 592,990 shares. The shares were sold at an average price of $49.08 per share, for a total transaction value of $754,436. Fastenal's stock price has fluctuated between $35.31 and $50.63 over the past year, closing at $45.68 on the most recent trading day.

  • Chevy Chase Trust Holdings filed its SEC disclosure for the third quarter of 2026.
  • The shares were sold during the third quarter of 2026.

The players

Chevy Chase Trust Holdings LLC

An institutional investment firm that manages a diversified portfolio of securities.

Fastenal Company

A publicly traded industrial and construction supply company headquartered in Winona, Minnesota.

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The takeaway

This transaction highlights the ongoing shifts in institutional ownership of Fastenal stock, which can provide insights into broader trends in the industrial and construction supply sectors. As a major player in these markets, changes in Fastenal's shareholder base may foreshadow future developments in the company's performance and the broader industrial landscape.