Altria Group Stake Cut by Chevy Chase Trust

Institutional investor reduces position in tobacco giant

Mar. 16, 2026 at 9:08am

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Chevy Chase Trust Holdings LLC, an institutional investor, reduced its stake in Altria Group, Inc. (NYSE:MO) by 3.7% in the third quarter, according to a recent SEC filing. The firm now owns approximately 885,529 shares of the company's stock, valued at around $58.5 million.

Why it matters

Altria Group is one of the largest tobacco companies in the United States, and changes in institutional ownership can signal shifts in investor sentiment towards the company and the broader tobacco industry.

The details

Chevy Chase Trust Holdings LLC sold 33,656 shares of Altria Group during the third quarter, reducing its total position to 885,529 shares. The firm now owns approximately 0.05% of Altria's outstanding shares. Other major institutional investors in Altria include Vanguard Group, State Street Corp, and Ameriprise Financial.

  • Chevy Chase Trust Holdings LLC filed its 13F report for the third quarter of 2026 on March 16, 2026.

The players

Chevy Chase Trust Holdings LLC

An institutional investment management firm.

Altria Group, Inc.

A major U.S. tobacco company that manufactures and sells cigarettes, smokeless tobacco, and cigars.

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The takeaway

The reduction in Chevy Chase Trust's Altria Group stake suggests a potential shift in investor sentiment towards the tobacco industry, which faces ongoing regulatory and public health challenges. However, Altria remains a major player in the U.S. tobacco market, with significant institutional ownership.