Ninety One Adjusts Investment Portfolio with Major Stake Increase in Prologis

Ninety One North America significantly adjusted its Q4 portfolio, highlighted by a massive 2,027.7% surge in Prologis (PLD) holdings, while Merit Financial Group LLC also increased its stake in PLD by 38.2% to $3.81 million. This institutional interest follows Prologis raising its quarterly dividend to $1.07 per share and pivoting toward data center expansion. Merit Financial further expanded its footprint by boosting its position in American Tower Corporation by 60.6% to $4.08 million and increasing its Ameriprise Financial (AMP) holdings by 61.5%. Despite significant insider selling by AMP's leadership, the company declared a $1.60 per share dividend following an earnings beat. Meanwhile, Ninety One continues to reallocate capital, maintaining new positions in Colgate-Palmolive while trimming exposure to Boeing and Monster Beverage.