CIBC Asset Management Inc acquired a new position in Grab Holdings Limited (NASDAQ:GRAB – Get Rating) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 113,677 shares of the company’s stock, valued at approximately $398,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. KBC Group NV bought a new stake in Grab during the first quarter worth $105,000. IFM Investors Pty Ltd purchased a new position in shares of Grab during the 1st quarter valued at $642,000. Gulf International Bank UK Ltd purchased a new position in Grab during the first quarter worth about $564,000. Victory Capital Management Inc. purchased a new position in Grab during the first quarter worth about $131,000. Finally, abrdn plc purchased a new position in shares of Grab in the 1st quarter worth about $262,000. 46.25% of the stock is owned by institutional investors and hedge funds.
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