Formidable Asset Management Trims Stake in Chemed Corporation

Hedge fund reduces position in healthcare services company by 17.2%

Apr. 3, 2026 at 10:24am

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Formidable Asset Management LLC, a major institutional investor, has reduced its stake in Chemed Corporation (NYSE: CHE) by 17.2% during the fourth quarter, according to a recent SEC filing. Chemed is a diversified provider of essential home services and healthcare solutions in the United States.

Why it matters

This move by Formidable Asset Management, one of Chemed's larger shareholders, could signal a shift in investor sentiment around the company's prospects. Chemed's stock has seen significant volatility in recent quarters, with analysts divided on the company's outlook.

The details

Formidable Asset Management sold 3,487 shares of Chemed, leaving the firm with a remaining position of 16,781 shares. This represents approximately 0.12% of Chemed's outstanding shares. The hedge fund cited unspecified factors for the reduction in its Chemed holdings.

  • Formidable Asset Management made the trades during the fourth quarter of 2025.

The players

Formidable Asset Management LLC

A major institutional investor that previously owned 1.1% of Chemed Corporation.

Chemed Corporation

A diversified provider of essential home services and healthcare solutions in the United States, operating through its Roto-Rooter and Vitas Healthcare subsidiaries.

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The takeaway

This reduction in Formidable Asset Management's Chemed holdings suggests potential uncertainty around the company's future performance, though the specific reasons behind the move remain unclear. Investors will be watching closely to see if other major shareholders follow suit or maintain their positions.