London Co. of Virginia Reduces Stake in Starbucks

Investment firm lowers position in coffee giant by 4.2% in Q3

Mar. 17, 2026 at 10:06am

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London Co. of Virginia, an investment management firm, reduced its stake in Starbucks Corporation (NASDAQ:SBUX) by 4.2% in the third quarter, according to a recent 13F filing with the SEC. The firm now owns 2,737,905 shares of the coffee company's stock, worth approximately $231.6 million.

Why it matters

Institutional investors like London Co. of Virginia closely monitor and adjust their positions in major companies like Starbucks. This move suggests the firm may have concerns about Starbucks' near-term performance or valuation, which could impact the stock price.

The details

According to the 13F filing, London Co. of Virginia sold 119,291 Starbucks shares during the third quarter. The firm now owns approximately 0.24% of Starbucks' outstanding shares. The coffee company's stock has traded in the range of $75.50 to $104.82 over the past 52 weeks.

  • London Co. of Virginia filed the 13F report for the third quarter of 2026.

The players

London Co. of Virginia

An investment management firm that owns a significant stake in Starbucks Corporation.

Starbucks Corporation

A global coffee company and coffeehouse chain based in Seattle, Washington.

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The takeaway

This reduction in London Co. of Virginia's Starbucks position suggests the firm may have concerns about the coffee company's near-term prospects, which could impact the stock price. Investors will be watching to see if other major institutional holders make similar moves in the coming quarters.