Sysco Corporation Shares Sold by Earnest Partners LLC

Institutional investor trimmed its stake in the food distribution company

Mar. 16, 2026 at 9:19am

Got story updates? Submit your updates here. ›

Earnest Partners LLC, an institutional investor, reduced its position in Sysco Corporation (NYSE:SYY) by 2.7% in the third quarter, according to a recent SEC filing. The firm owned 888,792 shares of the company's stock, valued at approximately $73,183,000 as of the end of the quarter.

Why it matters

Sysco is a major player in the food distribution industry, serving restaurants, healthcare facilities, and other foodservice customers. Changes in institutional ownership can signal shifts in market sentiment around the company's performance and future prospects.

The details

Earnest Partners LLC sold 24,231 shares of Sysco stock during the third quarter, reducing its overall stake in the company. The firm now owns approximately 0.19% of Sysco's outstanding shares. Other hedge funds have also recently added to or reduced their positions in Sysco, with some increasing their stakes and others, like Earnest Partners, trimming their holdings.

  • Earnest Partners LLC reduced its Sysco position in the 3rd quarter of 2026.

The players

Earnest Partners LLC

An institutional investor that manages a portfolio of stocks, including a position in Sysco Corporation.

Sysco Corporation

A global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers.

Got photos? Submit your photos here. ›

The takeaway

The reduction in Earnest Partners' Sysco stake suggests the firm may have a more cautious outlook on the food distribution company's performance or growth prospects, though the overall market sentiment remains moderately positive based on analyst ratings.