TD Asset Management Inc Reduces Starbucks Holdings

Investment firm cuts stake in coffee giant by nearly a quarter

Published on Feb. 27, 2026

Got story updates? Submit your updates here. ›

TD Asset Management Inc. lowered its position in Starbucks Corporation (NASDAQ:SBUX) by 23.6% during the third quarter, according to a recent SEC filing. The institutional investor owned 858,719 shares of the coffee company's stock after selling 264,639 shares during the period.

Why it matters

This filing indicates that a major institutional investor has reduced its stake in Starbucks, potentially signaling a shift in market sentiment around the coffee giant's stock. Starbucks' performance and outlook are closely watched by investors as it is a bellwether for the broader consumer and retail sectors.

The details

According to the filing, TD Asset Management Inc. now owns 0.08% of Starbucks, down from a previous stake of 0.11%. The firm cited selling 264,639 shares of Starbucks stock during the third quarter. This comes as Starbucks has faced challenges in recent quarters, including lower-than-expected earnings and a slowdown in same-store sales growth.

  • The filing covers the third quarter of the company's fiscal year.
  • Starbucks reported earnings for the third quarter on January 28, 2026.

The players

TD Asset Management Inc.

A major institutional investment firm that manages over $1 trillion in assets.

Starbucks Corporation

A global coffee shop chain and roaster that operates over 30,000 locations worldwide.

Got photos? Submit your photos here. ›

The takeaway

This filing suggests that a prominent investor has lost some confidence in Starbucks' near-term prospects, potentially foreshadowing broader market concerns about the company's growth trajectory and ability to maintain its dominance in the coffee shop industry.