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Victory Capital Management Inc. Reduces Stake in Commercial Metals Company
Institutional investor cuts holdings in steel and metal recycler by 15.9% in Q3
Published on Mar. 4, 2026
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Victory Capital Management Inc. decreased its holdings in shares of Commercial Metals Company (NYSE:CMC) by 15.9% during the 3rd quarter, according to the company's recent disclosure with the Securities & Exchange Commission. The firm owned 2,680,673 shares of the basic materials company's stock after selling 505,735 shares during the quarter.
Why it matters
As a major institutional investor, Victory Capital Management's reduction in its stake in Commercial Metals could signal a shift in market sentiment around the steel and metal recycling company. This move may impact the stock price and trading volume of CMC going forward.
The details
According to the filing, Victory Capital Management Inc. owned approximately 2.42% of Commercial Metals at the end of the most recent quarter. The firm cited the 15.9% reduction in its holdings, which amounted to selling 505,735 shares of CMC stock.
- Victory Capital Management Inc. decreased its holdings in Commercial Metals during the 3rd quarter of 2026.
The players
Victory Capital Management Inc.
An institutional investment management firm that has reduced 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 reduction in ownership by a major institutional investor could signal a shift in market sentiment around Commercial Metals, potentially impacting the stock's performance going forward. Investors will be watching to see if other large shareholders follow suit or if CMC can attract new institutional support.
