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Victory Capital Management Reduces Stake in Applied Industrial Technologies
Hedge fund lowers position in industrial products distributor by over 45%
Mar. 10, 2026 at 8:22am
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Victory Capital Management Inc. lowered its holdings in Applied Industrial Technologies, Inc. (NYSE:AIT) by 45.2% in the third quarter, according to a recent SEC filing. The fund now owns 86,330 shares of the industrial products company's stock, down from 157,638 shares previously.
Why it matters
This reduction in ownership by a major institutional investor could signal a shift in market sentiment around Applied Industrial Technologies, which provides a range of industrial products and services to diverse end markets. The filing provides insight into the trading activity and portfolio adjustments of a prominent asset management firm.
The details
According to the 13F filing, Victory Capital Management sold 71,308 shares of Applied Industrial Technologies during the third quarter. The firm now owns approximately 0.23% of the company's outstanding shares, down from 0.42% previously. No specific reasons were given for the portfolio changes.
- Victory Capital Management filed the 13F report for the third quarter of 2026.
The players
Victory Capital Management Inc.
A diversified global asset management firm that provides investment advisory services to institutional and individual investors.
Applied Industrial Technologies, Inc.
A leading distributor of industrial products and services, offering a comprehensive range of bearings, power transmission components, fluid power products, industrial rubber products, and automation solutions.
The takeaway
This reduction in ownership by a major institutional investor like Victory Capital Management could signal a shift in market sentiment around Applied Industrial Technologies, though the specific reasons behind the portfolio changes are unclear. The filing provides insight into the trading activity of a prominent asset management firm.
