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Royce & Associates LP Reduces Stake in Commercial Metals Company
Hedge fund cuts position in basic materials firm by nearly 19% in Q3
Published on Mar. 2, 2026
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Royce & Associates LP, an investment management firm, decreased its stake in shares of Commercial Metals Company (NYSE: CMC) by 18.9% during the third quarter, according to a recent SEC filing. The firm now owns approximately 491,792 shares of the basic materials company, worth around $28.17 million as of the filing.
Why it matters
This transaction provides insight into the investment strategy and portfolio adjustments of Royce & Associates, a prominent hedge fund. Changes in major institutional holdings can influence a stock's performance and signal shifts in market sentiment around a company.
The details
According to the SEC filing, Royce & Associates sold 114,695 shares of Commercial Metals during the third quarter, reducing its total position to 491,792 shares. The firm now owns approximately 0.44% of the company's outstanding stock. Commercial Metals is a leading global steel and metal recycler, manufacturer, and fabricator based in Irving, Texas.
- Royce & Associates decreased its stake in Commercial Metals during the 3rd quarter of 2026.
The players
Royce & Associates LP
An investment management firm that decreased its stake in Commercial Metals Company.
Commercial Metals Company
A leading global steel and metal recycler, manufacturer, and fabricator based in Irving, Texas.
The takeaway
This transaction reflects Royce & Associates' portfolio adjustments and changing views on the basic materials sector, particularly around Commercial Metals. Investors will likely watch for any further changes in major institutional holdings of the company, as they can provide insights into market sentiment and future performance.
