Ameriprise Financial Trims Stake in Vertiv Holdings

Institutional investor sells over 264,000 shares of the data center equipment company

Mar. 17, 2026 at 7:08am

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Ameriprise Financial Inc., a major institutional investor, has trimmed its position in Vertiv Holdings Co. (NYSE:VRT) by selling 264,666 shares during the third quarter. The firm now owns approximately 2.5 million shares, or 0.67% of the company's stock, valued at $384 million.

Why it matters

This transaction provides insight into the investment strategy of a prominent financial services firm and its view on the prospects of Vertiv, a leading provider of critical digital infrastructure solutions for data centers and other industries.

The details

According to a regulatory filing, Ameriprise Financial reduced its stake in Vertiv by 9.4% during the third quarter. The firm continues to hold a sizable position in the company, owning around 2.5 million shares worth over $384 million. Vertiv's stock has seen strong performance, rising from a 52-week low of $53.60 to a high of $276.78 as the company benefits from growing demand for its power, cooling, and IT infrastructure products.

  • Ameriprise Financial sold 264,666 Vertiv shares during the third quarter of 2026.

The players

Ameriprise Financial Inc.

A major financial services firm that provides wealth management, asset management, and insurance products and services.

Vertiv Holdings Co.

A global provider of critical digital infrastructure and continuity solutions for data centers, communication networks, and commercial and industrial environments.

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The takeaway

Ameriprise Financial's decision to trim its Vertiv holdings, while still maintaining a sizable position, suggests the firm sees potential in the company's long-term prospects but may be taking a more cautious approach in the near term. This transaction provides a glimpse into the investment strategies of a major institutional investor and the dynamics of the data center equipment market.