Allspring Global Investments Boosts Stake in AutoZone

Investment firm increases holdings in auto parts retailer by over 37%

Mar. 31, 2026 at 7:19am

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Allspring Global Investments Holdings LLC has increased its position in AutoZone, Inc. (NYSE: AZO) by 37.4%, adding 22,820 additional shares during the fourth quarter. The investment firm now owns 83,916 shares of the auto parts retailer, representing about 0.51% of the company's stock.

Why it matters

This investment signals Allspring's confidence in AutoZone's long-term growth potential, as the company continues to benefit from strong consumer demand for auto parts and maintenance services. AutoZone's extensive retail footprint and e-commerce capabilities have helped it navigate supply chain challenges and inflation.

The details

According to a recent SEC filing, Allspring Global Investments Holdings LLC purchased an additional 22,820 shares of AutoZone during the fourth quarter of 2025. This increased the firm's total holdings in the company to 83,916 shares, worth approximately $277.2 million as of the end of the year.

  • Allspring made the additional share purchases in the fourth quarter of 2025.

The players

Allspring Global Investments Holdings LLC

An investment management firm that oversees over $600 billion in assets.

AutoZone, Inc.

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

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The takeaway

Allspring's increased stake in AutoZone reflects the investment firm's belief in the company's ability to navigate industry challenges and capitalize on strong consumer demand for auto parts and services. This vote of confidence could signal potential upside for AutoZone's stock in the coming year.