Algert Global Trims Performance Food Group Stake

Hedge fund reduces holdings in food distribution company by 15.9%

Mar. 17, 2026 at 7:09am

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Algert Global LLC, a hedge fund, has reduced its stake in Performance Food Group Company (NYSE: PFGC) by 15.9% in the third quarter, according to a recent SEC filing. The fund now owns 74,677 shares of the food distribution company's stock, valued at $7.77 million as of the most recent reporting period.

Why it matters

This transaction provides insight into the investment strategy of Algert Global, a prominent hedge fund. The reduction in the firm's position in Performance Food Group may signal a shift in their outlook on the company or the broader food distribution industry.

The details

According to the SEC filing, Algert Global sold 14,090 shares of Performance Food Group during the third quarter. The fund now holds 74,677 shares, down from the previous quarter's 88,767 shares. Performance Food Group is a leading foodservice distribution company that serves a diverse customer base including restaurants, healthcare facilities, and schools.

  • Algert Global reduced its stake in Performance Food Group in the third quarter of 2026.

The players

Algert Global LLC

A hedge fund that has reduced its holdings in Performance Food Group Company.

Performance Food Group Company

A leading foodservice distribution company that serves a diverse customer base.

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The takeaway

The reduction in Algert Global's stake in Performance Food Group may indicate a shift in the hedge fund's outlook on the company or the broader food distribution industry. Investors will likely monitor any further changes in Algert Global's position and look for signals about the company's performance and future prospects.