Chevy Chase Trust Trims Stake in Impinj

Hedge fund reduces position in RFID technology company by 6.6%

Mar. 15, 2026 at 10:37am

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Chevy Chase Trust Holdings LLC reduced its stake in Impinj, Inc. (NASDAQ:PI) by 6.6% in the third quarter, according to a disclosure filed with the Securities and Exchange Commission. The hedge fund now owns approximately 691,294 shares of the RFID technology company, worth around $124.9 million.

Why it matters

Impinj's RAIN RFID technology is used to connect everyday items to the internet, transforming supply chain and inventory processes across various industries. Chevy Chase Trust's trimming of its position in the company could signal a shift in investor sentiment or portfolio rebalancing.

The details

Chevy Chase Trust sold 48,787 shares of Impinj during the quarter, reducing its total position to 691,294 shares. The hedge fund now owns around 2.30% of the company's outstanding stock. Other notable investors in Impinj include DLD Asset Management, State Street Corp, Invesco Ltd., and Ameriprise Financial Inc.

  • Chevy Chase Trust reduced its position in Impinj during the 3rd quarter of 2026.

The players

Chevy Chase Trust Holdings LLC

A hedge fund that has reduced its stake in Impinj, Inc.

Impinj, Inc.

A Seattle-based company that develops RAIN RFID technology to connect everyday items to the internet.

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The takeaway

Chevy Chase Trust's trimming of its Impinj position could signal a broader shift in investor sentiment towards the RFID technology company, though the reasons behind the move are not entirely clear from the available information.