TD Asset Management Reduces Stake in Prudential Financial

Investment firm cuts position in insurance provider by over 22% in Q3 2025

Mar. 3, 2026 at 7:39am

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TD Asset Management Inc. reduced its position in shares of Prudential Financial, Inc. (NYSE:PRU) by 22.2% in the 3rd quarter of 2025, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 303,834 shares of the financial services provider's stock, worth $31,520,000 at the end of the quarter.

Why it matters

Prudential Financial is a major player in the U.S. insurance market, providing a range of life insurance, annuity, and retirement products. Changes in institutional ownership of the company's stock can signal shifts in investor sentiment and market expectations for the firm's performance.

The details

TD Asset Management sold 86,932 shares of Prudential Financial during the 3rd quarter, reducing its total stake to 303,834 shares. The firm now owns about 0.09% of Prudential's outstanding stock. Other hedge funds and institutional investors have also made changes to their Prudential holdings in recent quarters, with some increasing and others decreasing their positions.

  • TD Asset Management filed its 13F report for the 3rd quarter of 2025 on February 28, 2026.

The players

TD Asset Management Inc.

A Canadian investment management firm that oversees over $400 billion in assets.

Prudential Financial, Inc.

A major U.S. insurance and financial services company headquartered in Newark, New Jersey.

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The takeaway

The reduction in TD Asset Management's Prudential Financial stake reflects broader shifts in institutional ownership of the insurance provider's stock, which could signal changing market expectations for the company's performance.