Primecap Management Co. CA Reduces FedEx Stake

Institutional investor sells over 649,000 shares of shipping giant FedEx Corporation

Feb. 26, 2026 at 12:34pm

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Primecap Management Co. CA, a major institutional investor, reduced its position in FedEx Corporation (NYSE: FDX) by 6.4% during the third quarter, selling 649,090 shares. Primecap Management Co. CA now owns approximately 9.4 million shares of FedEx, making it the company's 14th largest holding and accounting for around 1.7% of its total portfolio.

Why it matters

FedEx is one of the world's largest logistics and courier companies, so changes in major institutional ownership can signal broader market sentiment around the stock. Primecap Management Co. CA's decision to trim its FedEx stake may indicate concerns about the company's near-term performance or the broader economic outlook.

The details

According to a recent SEC filing, Primecap Management Co. CA sold 649,090 shares of FedEx during the third quarter, reducing its total position to 9,442,250 shares. This represents approximately 4% of FedEx's outstanding shares and makes Primecap Management Co. CA the company's 14th largest institutional shareholder. The firm cited the stock's valuation and economic uncertainty as reasons for the sale.

  • Primecap Management Co. CA reduced its FedEx stake during the third quarter of 2026.

The players

Primecap Management Co. CA

A major institutional investment management firm that owns a significant stake in FedEx Corporation.

FedEx Corporation

A global logistics and courier company headquartered in Memphis, Tennessee that operates an integrated air-and-ground network for parcel delivery, freight, and supply chain services.

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The takeaway

Primecap Management Co. CA's decision to trim its FedEx holdings could signal broader market concerns about the shipping company's near-term outlook and the economic environment. However, FedEx remains a major holding for the institutional investor, suggesting it still sees long-term value in the stock.