Richard Bernstein Advisors Reduces IBM Stake

Investment firm sells nearly half its shares in tech giant International Business Machines Corporation

Published on Mar. 10, 2026

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Richard Bernstein Advisors LLC, an institutional investor, reduced its position in International Business Machines Corporation (NYSE:IBM) by 49.8% during the third quarter, according to a recent SEC filing. The firm sold 8,748 shares, leaving it with 8,830 shares worth $2.49 million at the end of the quarter.

Why it matters

This move by a major institutional investor provides insight into sentiment around IBM's stock performance and outlook. As a large tech company, IBM's financial results and strategic direction are closely watched by the investment community.

The details

According to the filing, Richard Bernstein Advisors sold 8,748 shares of IBM stock during the third quarter, reducing its total position by nearly 50%. The firm now holds 8,830 shares of the technology company, valued at $2.49 million. No specific reasons were given for the portfolio adjustment.

  • The share sale occurred during the third quarter of 2026.

The players

Richard Bernstein Advisors LLC

An institutional investment management firm based in New York.

International Business Machines Corporation (IBM)

A multinational technology and consulting company headquartered in Armonk, New York.

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The takeaway

This filing indicates that a prominent investment firm has reduced its exposure to IBM, potentially signaling broader uncertainty around the tech company's near-term prospects. Investors will likely watch for any further portfolio adjustments by major institutional holders as they assess IBM's performance and strategic direction.