ICONIQ Capital Cuts Oracle Stock Holdings

Hedge fund reduces stake in enterprise software provider by over 90%

Mar. 16, 2026 at 10:39am

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ICONIQ Capital LLC, a prominent investment management firm, has significantly reduced its stake in Oracle Corporation (NYSE: ORCL) by 91.8% in the third quarter, according to a recent filing with the Securities and Exchange Commission. The fund now owns just 24,531 shares of the enterprise software provider's stock, down from the previous quarter's holding of 275,821 shares.

Why it matters

The reduction in ICONIQ Capital's Oracle holdings is noteworthy as the firm is known for its investments in high-profile technology companies. This move could signal a shift in the hedge fund's outlook on Oracle's future performance or a broader portfolio rebalancing strategy.

The details

According to the SEC filing, ICONIQ Capital sold 275,821 shares of Oracle stock during the third quarter, leaving the firm with a much smaller position of 24,531 shares. The value of ICONIQ's remaining Oracle holdings was reported as $6,899,000 as of the most recent filing.

  • ICONIQ Capital reduced its Oracle stake in the third quarter of 2026.

The players

ICONIQ Capital LLC

A prominent investment management firm known for its investments in high-profile technology companies.

Oracle Corporation

A multinational technology company that develops and sells database software, cloud engineered systems, enterprise software applications, and related services.

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The takeaway

ICONIQ Capital's significant reduction in its Oracle holdings could signal a shift in the hedge fund's outlook on the enterprise software provider's future performance or a broader portfolio rebalancing strategy. This move is noteworthy given ICONIQ's reputation for investing in high-profile tech companies.