Ofi Invest Asset Management Increases Stake in Home Depot in Latest 13F Filing

Ofi Invest Asset Management Increases Stake in Home Depot in Latest 13F Filing

In its most recent SEC 13F filing, Ofi Invest Asset Management revealed a notable adjustment to its portfolio with an increased position in Home Depot (HD). The asset management firm added 56,180 shares of the retail giant, marking a strategic move in the Commerce sector.

A Closer Look at the Numbers

The additional shares bring Ofi Invest Asset Management's total holdings in Home Depot to a market value of approximately $91.92 million, representing 0.73% of the firm's overall portfolio. This adjustment reflects a 0.01% increase in their stake in the company. Despite this incremental change, the firm now owns 0.02% of Home Depot's outstanding shares.

Why is Ofi Invest Asset Management Buying More Home Depot?

Home Depot, a leader in the home improvement retail industry, continues to attract institutional interest due to its strong market position and resilient performance in the Commerce sector. By increasing its stake, Ofi Invest Asset Management may be signaling confidence in Home Depot's ability to navigate market challenges and capitalize on consumer trends.

Portfolio Implications

This move underscores Ofi Invest Asset Management's focus on diversifying its portfolio within the Commerce sector. With Home Depot now accounting for 0.73% of its total holdings, the stock plays a modest but strategic role in the firm's investment strategy.

Explore More

For a comprehensive view of Ofi Invest Asset Management’s real-time portfolio updates and historical 13F filings, view their full portfolio here.