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StocksMediumUpdated•Originally published 7 April 2026•Updated 8 April 2026•

1 min read

Allspring Global Investments Reshuffles Portfolio, Bets Big on Alphabet in Q4

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Key Facts

1Allspring significantly increased its stake in Alphabet Inc. by 1.3 million shares, making it the firm's 6th largest holding.

about 2 months ago

Version History

Version 1about 2 months ago

What changed: Added details on the divestment from Iron Mountain (IRM), including insider selling activity and financial metrics.

Allspring Global Investments Holdings LLC has disclosed significant adjustments to its equity portfolio for the fourth quarter, reflecting a strategic shift in sector exposure. The firm notably increased its stake in Alphabet Inc. by 1.3 million shares, while aggressively reducing positions in several assets, including a 69.7% cut in Iron Mountain (IRM). This divestment from IRM involved selling 77,890 shares, coinciding with approximately $48.3 million in insider selling by IRM executives, including CEO William Meaney, over the last 90 days. Despite these outflows, IRM maintains a 'Moderate Buy' consensus rating with a $122 price target, even as its dividend payout ratio stands at a high 720.83%. Allspring also scaled back on Autodesk and Public Storage while establishing new positions in Victoria's Secret and Vizsla Silver. These moves highlight a broader rebalancing effort favoring large-cap tech over specific software, storage, and real estate assets.