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StocksUpdated•Originally published 5 May 2026•Updated 7 May 2026•

1 min read

Intact Investment Rebalances Portfolio: Slashes QCOM and RTX Stakes, Boosts BMY Position

Key Facts

1Intact Investment Management reduced its stake in Qualcomm by 34.6%, bringing its total holdings to a value of $2.87 million.

2The firm significantly increased its position in Bristol Myers Squibb by purchasing 49,900 additional shares following strong Q1 earnings.

3Intact Investment slashed its stake in RTX Corporation by 69.0% despite the company beating earnings estimates and increasing dividends.

Intact Investment Management has executed significant portfolio adjustments, reducing its Qualcomm stake by 34.6% to $2.87 million, despite the chipmaker reporting record automotive and IoT revenue and a $20 billion buyback approval. In contrast, AssuredPartners Investment Advisors LLC significantly increased its Qualcomm position by 139.4% in Q4, reaching a total value of $1.06 million. Meanwhile, Intact aggressively boosted its Bristol Myers Squibb holdings by 49,900 shares following strong Q1 results. Despite RTX Corporation beating earnings estimates, Intact slashed its stake in the defense firm by 69.0%. These moves highlight a divergence in institutional sentiment, as some firms capitalize on record tech earnings while others pivot toward healthcare and defensive reallocations.

28 days ago

Version History

Version 128 days ago

What changed: Added details regarding AssuredPartners' increased stake in Qualcomm, along with record automotive/IoT revenue data and the $20 billion share buyback program.