Allspring Global Investments Reduces ConocoPhillips Stake

Institutional investor trims position in major energy producer

Apr. 2, 2026 at 7:08am

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Allspring Global Investments Holdings LLC, a major investment management firm, reduced its position in ConocoPhillips (NYSE: COP) by 13.9% in the fourth quarter, according to a recent SEC filing. The firm now owns 544,931 shares of the energy producer's stock, valued at $52.7 million.

Why it matters

This move by a prominent institutional investor provides insight into broader market sentiment around ConocoPhillips and the energy sector. Allspring's decision to trim its stake could signal concerns about the company's future performance or the broader outlook for oil and gas producers.

The details

According to the 13F filing, Allspring Global Investments sold 87,686 shares of ConocoPhillips stock during the fourth quarter. The firm's total holdings in the company are now valued at $52.7 million. ConocoPhillips is a major independent exploration and production company with a global portfolio of oil and natural gas assets.

  • Allspring Global Investments reduced its ConocoPhillips stake in the fourth quarter of 2025.

The players

Allspring Global Investments Holdings LLC

A major investment management firm that reduced its position in ConocoPhillips.

ConocoPhillips

A Houston-based independent exploration and production company with global oil and gas assets.

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The takeaway

Allspring Global Investments' decision to trim its ConocoPhillips stake could signal broader caution around the energy sector, though the specific reasons behind the move are unclear. Investors will be watching to see if other major institutions follow suit or if Allspring's move is an outlier.