Orion Porfolio Solutions Reduces Stake in Powell Industries

Hedge fund cuts position in industrial products company by nearly a third

Published on Mar. 9, 2026

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Orion Porfolio Solutions LLC reduced its stake in Powell Industries, Inc. (NASDAQ:POWL) by 30.8% in the third quarter, according to a filing with the Securities and Exchange Commission. The hedge fund now owns 11,899 shares of the industrial products company's stock, down from 17,199 shares previously.

Why it matters

Powell Industries is a major player in the industrial products sector, providing customized power control and distribution solutions to industries like oil and gas, petrochemical, and mining. Orion Porfolio Solutions' reduction in its position could signal a shift in investor sentiment around the company.

The details

According to the filing, Orion Porfolio Solutions sold 5,300 shares of Powell Industries during the third quarter. The firm now owns about 0.10% of the company's outstanding shares, down from 0.15% previously. Other hedge funds, including Truist Financial Corp and Stephens Investment Management Group, increased their positions in Powell Industries during the same period.

  • Orion Porfolio Solutions reduced its position in Powell Industries in the third quarter of 2026.

The players

Orion Porfolio Solutions LLC

A hedge fund that reduced its stake in Powell Industries, Inc.

Powell Industries, Inc.

An industrial electrical engineering company that specializes in the design, manufacture, and integration of customized power control and distribution solutions.

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The takeaway

The reduction in Orion Porfolio Solutions' position in Powell Industries could signal a shift in investor sentiment around the industrial products company, though the reasons behind the hedge fund's decision are not entirely clear from the available information.