Citigroup Reduces Stake in WaFd Bank

Institutional investor sells over 55,000 shares of regional bank

Published on Mar. 8, 2026

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Citigroup Inc. has reduced its stake in WaFd, Inc. (NASDAQ:WAFD), the parent company of WaFd Bank, by 41.3% in the third quarter, according to a recent SEC filing. The firm sold 55,954 shares, leaving it with 79,608 shares or a 0.10% ownership stake in the regional bank.

Why it matters

This transaction highlights the shifting investment landscape for regional banks like WaFd, as large institutional investors adjust their portfolios. The sale could signal a broader reassessment of the bank's prospects or simply portfolio rebalancing by Citigroup.

The details

According to the 13F filing, Citigroup sold 55,954 shares of WaFd, reducing its total position to 79,608 shares. The firm cited the 3rd quarter as the time period for this transaction. WaFd, formerly known as Washington Federal, is a Seattle-based regional bank with a presence across the Western United States.

  • Citigroup reduced its WaFd stake in the 3rd quarter of 2026.

The players

Citigroup Inc.

A multinational investment bank and financial services corporation headquartered in New York City.

WaFd, Inc.

The parent company of WaFd Bank, a regional bank headquartered in Seattle, Washington with operations across the Western United States.

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The takeaway

This transaction reflects the ongoing shifts in the regional banking landscape, as large institutional investors reevaluate their portfolios. It remains to be seen how WaFd will respond to this change in its shareholder base.