Allspring Global Investments Reduces Stake in Green Dot

Financial services firm cuts holdings in prepaid debit card provider by nearly 88%

Apr. 13, 2026 at 7:06am

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An extreme close-up of a stack of metal banking machines and gears, heavily textured and dramatically lit, conceptually representing the tangible infrastructure of the financial industry.A close-up view of the heavy machinery and mechanics that power the financial industry, reflecting the institutional forces shaping the prepaid debit card market.Austin Today

Allspring Global Investments Holdings LLC decreased its stake in shares of Green Dot Corporation (NYSE:GDOT) by 87.7% during the fourth quarter, according to a recent SEC filing. The fund now owns 25,988 shares of the financial services provider's stock, valued at $333,000.

Why it matters

This reduction in Allspring's position in Green Dot reflects broader market trends and investor sentiment around the prepaid debit card industry, which has faced headwinds in recent years as consumer banking habits have shifted. Green Dot's stock price has also been volatile, making it a riskier investment for some institutional investors.

The details

Allspring Global Investments Holdings LLC sold 186,056 shares of Green Dot stock during the fourth quarter, leaving it with a much smaller position of 25,988 shares. The fund's holdings in Green Dot are now valued at $333,000, down significantly from their previous value of $2.4 million. This move comes as Green Dot, a provider of prepaid debit cards and other financial services, has struggled with declining revenue and profitability in recent years.

  • Allspring Global Investments Holdings LLC filed its most recent 13F report with the SEC on April 13, 2026, disclosing its Q4 2025 holdings.
  • The fund decreased its Green Dot stake during the fourth quarter of 2025.

The players

Allspring Global Investments Holdings LLC

A financial services firm that manages investments and provides wealth management solutions.

Green Dot Corporation

A financial technology and bank holding company that provides prepaid debit cards, cash reload processing services, and consumer banking products through its subsidiary, Green Dot Bank.

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The takeaway

This reduction in Allspring's position in Green Dot reflects the broader challenges facing the prepaid debit card industry, as consumer banking habits and preferences continue to evolve. It also highlights the volatility of Green Dot's stock, which has made it a riskier investment for some institutional investors.