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Armonk Today
By the People, for the People
Legal & General Group Plc Boosts IBM Stake by 2.5%
Institutional investor increases position in tech giant International Business Machines Corporation.
Published on Mar. 10, 2026
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Legal & General Group Plc, a major institutional investor, has increased its stake in International Business Machines Corporation (IBM) by 2.5% in the third quarter, according to a recent SEC filing. The fund now owns 7,302,722 shares of the technology company's stock, representing a 0.78% ownership stake worth over $2 billion.
Why it matters
IBM is a bellwether technology company, and institutional investors' moves can signal broader market trends and investor sentiment around the stock. Legal & General's increased position suggests confidence in IBM's long-term prospects, even as the stock has faced some volatility.
The details
According to the filing, Legal & General Group Plc purchased an additional 176,219 shares of IBM during the third quarter, bringing its total position to 7,302,722 shares. This represents a 2.5% increase in the fund's IBM holdings. Legal & General is now the 28th largest shareholder of IBM, owning 0.78% of the company's outstanding shares.
- The share purchase occurred in the third quarter of 2026.
The players
Legal & General Group Plc
A major global investment management firm headquartered in the United Kingdom.
International Business Machines Corporation (IBM)
A multinational technology and consulting company headquartered in Armonk, New York.
The takeaway
Legal & General's increased stake in IBM suggests institutional confidence in the tech giant's long-term prospects, even as the stock has faced some volatility. This move could signal broader positive sentiment around IBM among major investors.
