Matthew 25 Management Corp Trims FedEx Stake by Over 50%

Got story updates? Submit your updates here. ›

Matthew 25 Management Corp, a hedge fund, has trimmed its position in FedEx Corporation (NYSE:FDX) by 51.1% during the third quarter, according to a recent 13F filing. The fund now holds 22,000 shares of the shipping service provider, down from 45,000 shares previously. FedEx makes up approximately 1.6% of Matthew 25 Management Corp's portfolio, making it the 17th largest holding.

Why it matters

The reduction in Matthew 25 Management Corp's FedEx stake suggests the fund may be taking a more cautious approach amid market volatility and economic uncertainty. FedEx, as a bellwether for the shipping and logistics industry, can provide insights into broader economic trends.

The details

According to the 13F filing, Matthew 25 Management Corp sold 23,000 shares of FedEx during the third quarter, reducing its total position to 22,000 shares. The fund's holdings in FedEx were valued at $5,188,000 at the end of the reporting period. Other hedge funds and institutional investors have also made changes to their FedEx positions, with some increasing their stakes and others, like Matthew 25 Management Corp, reducing their exposure.

• The 13F filing covers the third quarter of the year.
• Matthew 25 Management Corp sold 23,000 shares of FedEx during this period.