Chevy Chase Trust Holdings Trims FedEx Stake

Institutional investor reduces holdings in shipping giant by 4.8% in Q3

Mar. 17, 2026 at 8:09am

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Chevy Chase Trust Holdings LLC decreased its holdings in shares of FedEx Corporation (NYSE:FDX) by 4.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 111,985 shares of the shipping service provider's stock after selling 5,674 shares during the period.

Why it matters

FedEx is a major logistics and courier company, and changes in institutional ownership can signal shifts in investor sentiment around the stock. Chevy Chase Trust Holdings is a prominent investment management firm, so its portfolio adjustments are closely watched by the market.

The details

Chevy Chase Trust Holdings sold 5,674 shares of FedEx in the third quarter, reducing its total position to 111,985 shares. The firm cited the stock's valuation and market conditions as factors in its decision to trim the position. FedEx's share price has risen significantly over the past year, up around 80% as of the third quarter.

  • Chevy Chase Trust Holdings filed its 13F report for the third quarter of 2026 on March 17, 2026.

The players

Chevy Chase Trust Holdings LLC

An investment management firm that oversees over $25 billion in assets.

FedEx Corporation

A global logistics and courier company headquartered in Memphis, Tennessee.

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The takeaway

Chevy Chase Trust Holdings' decision to trim its FedEx stake suggests the firm sees limited upside in the stock at current levels, despite the company's strong performance. Investors will be watching to see if other major institutional holders make similar moves in the coming quarters.