Citigroup Trims Stake in CommVault Systems

Hedge fund reduces position in software company by over 60%

Published on Mar. 8, 2026

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Citigroup Inc. has reduced its stake in CommVault Systems, Inc. (NASDAQ:CVLT) by 60.5% during the third quarter, according to a recent 13F filing with the Securities and Exchange Commission (SEC). The firm now owns 12,594 shares of the software maker's stock, down from 31,876 shares previously.

Why it matters

This move by a major institutional investor like Citigroup could signal a shift in sentiment around CommVault Systems, a leading provider of data protection and information management software. Investors will be watching to see if other large funds follow suit or if Citigroup's decision was unique to its portfolio strategy.

The details

According to the 13F filing, Citigroup sold 19,282 shares of CommVault Systems during the third quarter, reducing its position to 12,594 shares worth approximately $2.38 million. The firm cited portfolio rebalancing as the reason for the stake reduction.

  • Citigroup filed the 13F disclosure for the third quarter of 2026.

The players

Citigroup Inc.

A multinational investment bank and financial services corporation headquartered in New York City.

CommVault Systems, Inc.

A software company that provides data protection and information management solutions to enterprises.

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The takeaway

Citigroup's decision to significantly reduce its stake in CommVault Systems could be a sign of broader market concerns about the software company's performance or outlook. Investors will be closely monitoring any further changes in institutional ownership of CommVault shares in the coming quarters.