Nordea Investment Management Reduces AutoZone Holdings

Nordea Investment Management cuts stake in AutoZone by 19% in Q4 2025

Mar. 23, 2026 at 9:48am

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Nordea Investment Management AB reduced its stake in AutoZone, Inc. (NYSE:AZO) by 19.0% during the fourth quarter of 2025, according to the company's recent 13F filing with the Securities & Exchange Commission. Nordea Investment Management now owns 40,562 shares of the company's stock, down from 50,092 shares previously.

Why it matters

This filing provides insight into the investment strategies and portfolio adjustments of major institutional investors like Nordea Investment Management. Changes in large stakeholder positions can impact a company's stock price and market dynamics.

The details

Nordea Investment Management sold 9,530 shares of AutoZone stock during the fourth quarter. The firm now owns about 0.24% of AutoZone's outstanding shares, down from 0.29% previously. AutoZone is a leading retailer and distributor of automotive parts, accessories, and services.

  • Nordea Investment Management filed its 13F report for the fourth quarter of 2025 on March 23, 2026.

The players

Nordea Investment Management AB

A major European asset management firm that oversees over $400 billion in client assets.

AutoZone, Inc.

A leading automotive parts and accessories retailer headquartered in Memphis, Tennessee.

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The takeaway

This filing indicates that Nordea Investment Management has reduced its exposure to AutoZone, potentially signaling a shift in the firm's investment strategy or outlook on the automotive parts industry. Investors will likely monitor any further changes in major stakeholder positions for insights into AutoZone's performance and prospects.