Rafferty Asset Management Boosts Stake in Starbucks

Investment firm increases holdings in coffee giant by 8.6% in Q3

Mar. 3, 2026 at 12:39am

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Rafferty Asset Management LLC, an institutional investor, increased its stake in Starbucks Corporation (NASDAQ:SBUX) by 8.6% in the third quarter of 2026, according to a recent SEC filing. The firm now owns 246,387 shares of the coffee company's stock, worth approximately $20.8 million.

Why it matters

This move by Rafferty Asset Management suggests the investment firm sees continued growth potential in Starbucks, one of the world's largest coffee shop chains. Institutional investors closely watch and trade major consumer brands like Starbucks, which can provide insights into market sentiment and future performance.

The details

Rafferty Asset Management added 19,599 shares to its Starbucks holdings during the third quarter. The firm's total position in the coffee company is now valued at $20.8 million. Other major institutional investors, including Nordea Investment Management AB and Asset Management One Co. Ltd., also increased their stakes in Starbucks last quarter.

  • Rafferty Asset Management increased its Starbucks stake in the 3rd quarter of 2026.

The players

Rafferty Asset Management LLC

An institutional investment firm that manages a portfolio of stocks, including a position in Starbucks Corporation.

Starbucks Corporation

A global coffeehouse chain and roaster that operates, licenses, and franchises coffee shops and related retail businesses.

Nordea Investment Management AB

A major institutional investor that also increased its Starbucks holdings in the 3rd quarter of 2026.

Asset Management One Co. Ltd.

Another institutional investor that added to its Starbucks position in the 3rd quarter of 2026.

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The takeaway

Rafferty Asset Management's increased stake in Starbucks suggests the investment firm sees continued growth potential in the coffee giant, which could signal broader market optimism about the company's future performance.