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Winona Today
By the People, for the People
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Fastenal Stake
The institutional investor increased its position in the industrial supply company by 0.3% in the third quarter.
Mar. 17, 2026 at 10:53am
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MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Fastenal Company (NASDAQ:FAST) by 0.3% in the third quarter, according to the company's disclosure with the Securities & Exchange Commission. The institutional investor now owns 8,276,145 shares of the company's stock, making it Fastenal's 20th largest shareholder and representing 0.72% ownership.
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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s increased stake suggests confidence in Fastenal's business and growth prospects.
The details
According to the filing, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased an additional 26,702 shares of Fastenal in the third quarter, bringing its total position to 8,276,145 shares. This represents a 0.3% increase in the firm's existing stake in the company.
- MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. disclosed the increased stake in Fastenal in a filing with the Securities & Exchange Commission on March 17, 2026.
- The additional 26,702 shares were purchased in the third quarter of the company's fiscal year.
The players
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.
An institutional investor and asset management firm that owns a 0.72% stake in Fastenal Company.
Fastenal Company
A wholesale distributor of industrial and construction supplies, best known for its broad assortment of fasteners such as bolts, nuts, screws and anchors.
The takeaway
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s increased stake in Fastenal suggests the institutional investor sees continued growth potential in the industrial supply company, which could signal broader market confidence in Fastenal's business outlook.
