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Holocene Advisors Reduces Stake in Performance Food Group
Hedge fund cuts holdings in food distribution company by 45.7% in Q3
Mar. 16, 2026 at 10:52am
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Holocene Advisors LP, a hedge fund, reduced its stake in Performance Food Group Company (NYSE:PFGC) by 45.7% during the third quarter of 2025, according to a recent SEC filing. The firm now owns 1,673,414 shares of the food distribution company, down from 3,079,077 shares previously.
Why it matters
Performance Food Group is a major player in the food distribution industry, serving a diverse customer base that includes restaurants, healthcare facilities, schools, and other institutional customers. Holocene Advisors' decision to significantly reduce its stake in the company could signal a shift in investor sentiment or a change in the fund's investment strategy.
The details
According to the 13F filing, Holocene Advisors sold 1,405,563 shares of Performance Food Group during the third quarter, reducing its ownership stake from 1.97% to 1.07% of the company's outstanding shares. The hedge fund cited unspecified reasons for the reduction in its holdings.
- Holocene Advisors filed the 13F report disclosing the stake reduction on March 16, 2026.
- The stake reduction occurred during the third quarter of 2025.
The players
Holocene Advisors LP
A hedge fund that previously held a significant stake in Performance Food Group Company.
Performance Food Group Company
A leading foodservice distribution company headquartered in Richmond, Virginia, serving a diverse customer base in the restaurant, healthcare, and institutional sectors.
The takeaway
Holocene Advisors' decision to reduce its stake in Performance Food Group by nearly half could signal a broader shift in investor sentiment towards the food distribution industry or the company's specific prospects. However, without further details from the hedge fund, it's difficult to determine the exact reasons behind the move.
