Rafferty Asset Management Trims Stake in Zions Bancorporation

The fund reduced its position in the bank's stock by 18.8% in the third quarter.

Published on Mar. 2, 2026

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Rafferty Asset Management LLC trimmed its position in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) by 18.8% in the 3rd quarter, according to the company's recent filing with the Securities and Exchange Commission (SEC). The fund owned 186,272 shares of the bank's stock after selling 42,987 shares during the quarter.

Why it matters

Zions Bancorporation is a major regional bank headquartered in Salt Lake City, Utah, and this reduction in Rafferty's stake could signal a shift in investor sentiment towards the company's stock.

The details

According to the filing, Rafferty Asset Management owned approximately 0.13% of Zions Bancorporation's outstanding shares as of the end of the third quarter. The move comes as several other institutional investors and hedge funds have also modified their holdings of ZION in recent quarters.

  • Rafferty Asset Management trimmed its position in the 3rd quarter of 2026.

The players

Rafferty Asset Management LLC

An investment management firm that reduced its stake in Zions Bancorporation in the third quarter.

Zions Bancorporation, N.A.

A regional bank headquartered in Salt Lake City, Utah that provides commercial banking, retail banking, and wealth management services.

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The takeaway

This reduction in Rafferty's position in Zions Bancorporation could be an indication that some institutional investors are reevaluating their outlook on the regional bank's stock, though the overall consensus rating remains 'Hold' among Wall Street analysts.