Allspring Global Investments Reduces Stake in Mayville Engineering

Institutional investor cuts holdings in industrial manufacturer by nearly 15%

Apr. 3, 2026 at 7:05am

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An extreme close-up of complex, interlocking industrial machinery in shades of grey, blue, and copper, conveying a sense of the power and precision at the heart of American manufacturing.Allspring Global Investments' reduced stake in Mayville Engineering highlights the volatility and uncertainty facing industrial manufacturers in the current economic climate.Mayville Today

Allspring Global Investments Holdings LLC, a major institutional investor, has reduced its stake in Mayville Engineering Company, Inc. (NYSE: MEC) by 14.9% in the fourth quarter, according to a recent SEC filing. The firm now owns 2,052,613 shares, or 10.10% of the company's outstanding stock.

Why it matters

Mayville Engineering is a leading U.S. industrial manufacturer specializing in engineered metal castings and precision machining services. As a major shareholder, Allspring Global Investments' decision to trim its position could signal a shift in market sentiment or outlook for the company.

The details

According to the SEC disclosure, Allspring Global Investments sold 358,490 shares of Mayville Engineering in the fourth quarter. The institutional investor now holds a 10.10% stake in the company, down from 11.9% previously. Mayville Engineering operates two principal business segments: iron castings and steel castings, serving a range of heavy-duty industrial applications.

  • Allspring Global Investments filed the SEC disclosure in the fourth quarter of 2025.
  • The filing revealed Allspring's stake reduction occurred during the same quarter.

The players

Allspring Global Investments Holdings LLC

A major institutional investor that has reduced its stake in Mayville Engineering Company, Inc.

Mayville Engineering Company, Inc.

A U.S.-based industrial manufacturer specializing in engineered metal castings and precision machining services.

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The takeaway

Allspring Global Investments' decision to trim its position in Mayville Engineering could signal a shift in market sentiment around the industrial manufacturer. Investors will be watching to see if other major shareholders follow suit or if Mayville Engineering can maintain its institutional investor support.