First Horizon Corp Reduces Stake in Starbucks

Institutional investor sells over 40,000 shares of coffee giant

Apr. 20, 2026 at 7:58am

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First Horizon Corp, an institutional investor, reduced its position in Starbucks Corporation (NASDAQ:SBUX) by 55.0% during the fourth quarter, according to a recent SEC filing. The company sold 41,454 shares, leaving it with 33,910 shares worth $2.86 million at the end of the quarter.

Why it matters

This filing provides insight into the investment strategies of major institutional investors like First Horizon. Reductions in ownership stakes can signal a change in market sentiment or portfolio rebalancing, which can impact a stock's performance.

The details

First Horizon Corp sold 41,454 shares of Starbucks stock during the fourth quarter, reducing its total position by 55.0%. The company now holds 33,910 shares of the coffee company's stock, valued at $2.86 million. Other hedge funds and institutional investors have also made changes to their Starbucks holdings, with some increasing and others decreasing their positions.

The transactions occurred during the fourth quarter of 2026.

The players