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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InABC Arbitrage SA significantly reduced its position in Consolidated Edison Inc ($ED) during the third quarter, according to recent regulatory filings. The firm sold 35,654 shares, representing an 80.7% decrease in its total holdings of the utility company. Following the transaction, ABC Arbitrage retains 8,511 shares with an estimated market value of approximately $856,000. This move coincides with broader institutional adjustments and an insider sale by Director John F. Killian. While the percentage reduction is substantial, the overall market impact remains limited given the relatively small size of the position compared to the company's total market capitalization. Consolidated Edison continues to see varied activity from institutional investors as they rebalance portfolios in the current economic environment.