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StocksUpdated•Originally published 15 April 2026•Updated 16 April 2026•

1 min read

Freestone Capital Rebalances Portfolio with New Take-Two Stake and Tech Divestments

Key Facts

1Freestone Capital acquired a new position in Take-Two Interactive, purchasing 9,702 shares valued at $2.48 million.

2The firm reduced its stake in Hewlett Packard Enterprise by 58.8%, selling 73,783 shares.

3Freestone Capital slashed its Equinix holdings by 79.3%, leaving a remaining stake valued at $758,000.

Freestone Capital Holdings LLC executed significant portfolio rebalancing by establishing a new position in Take-Two Interactive while aggressively reducing exposure to enterprise technology. Recent filings reveal that Take-Two Director Ellen Siminoff sold 413 shares valued at approximately $85,763 on April 15th under a pre-arranged Rule 10b5-1 trading plan, reducing her stake by 17.12%. This follows Freestone's broader divestment strategy, which included slashing holdings in Hewlett Packard Enterprise by 58.8% and Equinix by 79.3%. Despite this insider selling activity, market analysts maintain a 'Moderate Buy' consensus for TTWO with a price target of $284.31. These strategic adjustments highlight a shift in institutional sentiment as investors weigh sector-specific risks against the growth potential of the gaming industry.

4 months ago

Version History

Version 14 months ago

What changed: Added specific details regarding an insider sale by a Take-Two director, including the date and stake reduction percentage, along with current analyst ratings and price targets.