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Bank of America Reduces Stake in NewMarket Corporation
Specialty chemicals company sees institutional investor shift
Mar. 17, 2026 at 7:35am
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Bank of America Corp DE has reduced its position in NewMarket Corporation (NYSE:NEU), a specialty chemicals company headquartered in Richmond, Virginia, by 1.8% during the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The fund now owns 997,112 shares, or 10.61% of the company's stock, valued at $825.8 million.
Why it matters
NewMarket is a major player in the specialty chemicals industry, providing performance additives for fuels, lubricants and industrial fluids. The shift in Bank of America's stake could signal broader changes in institutional investor sentiment around the company and the specialty chemicals sector.
The details
According to the 13F filing, Bank of America Corp DE sold 18,717 shares of NewMarket during the third quarter. The fund now owns just under 1 million shares, or 10.61% of the company's outstanding stock. NewMarket has a market capitalization of $5.69 billion and its shares have traded between $510.07 and $875.97 over the past 52 weeks.
- Bank of America Corp DE reduced its NewMarket stake during the third quarter of 2025.
The players
Bank of America Corp DE
A major U.S. financial services company and one of the largest institutional investors in NewMarket Corporation.
NewMarket Corporation
A specialty chemicals company headquartered in Richmond, Virginia that develops, manufactures and sells performance additives for fuels, lubricants and industrial fluids.
The takeaway
The reduction in Bank of America's stake in NewMarket could signal broader shifts in institutional investor sentiment around the specialty chemicals sector, though the reasons behind the move are not entirely clear from the available information. Investors will likely watch closely to see if other major shareholders make similar adjustments to their NewMarket holdings in the coming quarters.
