Remitly Global Shares Sold by Laird Norton Wetherby Trust Company

Institutional investor reduces stake in financial services provider by 73.5% in Q3

Mar. 17, 2026 at 10:06am

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Laird Norton Wetherby Trust Company LLC reduced its position in Remitly Global, Inc. (NASDAQ:RELY) by 73.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,901 shares of the financial services provider's stock after selling 77,389 shares during the period.

Why it matters

The reduction in Laird Norton Wetherby Trust Company's stake in Remitly Global could signal a shift in investor sentiment around the financial technology company, which provides cross-border money transfer services. Remitly Global's stock price has fluctuated in recent quarters, and this filing provides insight into how some institutional investors are viewing the company's performance and future prospects.

The details

According to the SEC filing, Laird Norton Wetherby Trust Company's holdings in Remitly Global were worth $455,000 as of the end of the 3rd quarter. The company had previously owned 105,290 shares of the financial services provider. Other institutional investors have also modified their positions in Remitly Global, with Gotham Asset Management LLC increasing its stake by 43.4% and ArrowMark Colorado Holdings LLC growing its position by 46.2% during the same period.

  • Laird Norton Wetherby Trust Company reduced its Remitly Global position during the 3rd quarter of 2022.

The players

Laird Norton Wetherby Trust Company LLC

An institutional investor that previously held a significant stake in Remitly Global, Inc.

Remitly Global, Inc.

A financial technology company that provides cross-border money transfer services.

Gotham Asset Management LLC

An institutional investor that increased its stake in Remitly Global by 43.4% during the 3rd quarter.

ArrowMark Colorado Holdings LLC

An institutional investor that grew its position in Remitly Global by 46.2% during the 3rd quarter.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

The reduction in Laird Norton Wetherby Trust Company's stake in Remitly Global highlights the volatility and uncertainty surrounding the financial technology company's performance and future outlook. While some institutional investors have increased their positions, others have chosen to reduce their exposure, signaling the need for Remitly Global to continue demonstrating its value proposition and growth potential to the investment community.