Madison Asset Management LLC reduced its stake in Labcorp Holdings Inc. (LH) by 2.6% during the third quarter, selling 14,685 shares. Despite this trim, Labcorp maintains its position as the 12th largest holding in Madison's portfolio, representing 1.8% of its total assets. This adjustment by Madison contrasts with movements from other prominent institutional investors. Firms such as Brighton Jones LLC and Goldman Sachs Group Inc. have either initiated new positions or increased their existing holdings in Labcorp. These varied portfolio adjustments highlight a mixed sentiment among institutional investors regarding Labcorp's prospects. The overall activity suggests ongoing rebalancing within investment portfolios.
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