PineStone Sells $41.1 Million in Oracle Stock After Rally — Here's What Long-Term Investors Should Know
Key Points
Montreal-based PineStone sold 161,430 shares of Oracle Corporation for an estimated $41.1 million in the third quarter.
The transaction represented 0.3% of PineStone’s reportable U.S. equity assets under management.
Post-sale, PineStone reported holding 3.4 million Oracle shares valued at $964.5 million, which is about 6% of overall assets.
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PineStone Asset Management Inc. disclosed the sale of 161,430 Oracle Corporation shares for an estimated $41.11 million in the third quarter, according to an SEC filing released on Friday.
What Happened
PineStone Asset Management Inc. reduced its position in Oracle Corporation (NYSE:ORCL) by 161,430 shares during the quarter, according to its Friday SEC filing. The estimated value of the shares sold was $41.1 million, calculated using the average closing price for the quarter. After the trade, PineStone’s Oracle stake stood at 3.4 million shares, worth $964.5 million at quarter-end.
What Else to Know
PineStone’s sale brings its Oracle position to 6% of reportable U.S. equity assets.
Top holdings after the filing:
- NYSE:TSM: $1.8 billion (11.4% of AUM)
- NASDAQ:GOOGL: $1.6 billion (9.7% of AUM)
- NASDAQ:MSFT: $1.5 billion (9.37% of AUM)
- NYSE:AZO: $1.1 billion (7.1% of AUM)
- NYSE:MCO: $1.1 billion (6.7% of AUM)
As of Friday's close, Oracle shares were priced at $291.31, up 68% over the past year and outpacing the S&P 500's nearly 14% gain during the same period.
Company Overview
| Metric | Value |
|---|---|
| Price (as of market close on Friday) | $291.31 |
| Market Capitalization | $830.5 billion |
| Revenue (TTM) | $59 billion |
| Net Income (TTM) | $12.4 billion |
Company Snapshot
- Oracle offers a comprehensive suite of cloud software applications, infrastructure technologies, database management systems, and hardware products—including Oracle Cloud and Fusion applications.
- The company generates revenue primarily through cloud services subscriptions, software licensing, hardware sales, and related support and consulting services.
- It serves enterprise customers across diverse industries, including businesses, government agencies, and educational institutions worldwide.
Oracle Corporation operates globally in enterprise software and cloud infrastructure, operating at scale with over $59.02 billion in TTM revenue. The company leverages its broad product portfolio and deep integration of cloud and database technologies to deliver mission-critical solutions for large organizations.
Foolish Take
Montreal-based PineStone Asset Management trimmed its Oracle (NYSE: ORCL) position last quarter, selling about $41 million worth of shares while keeping a substantial $964 million stake. The reduction appears consistent with PineStone’s broader portfolio activity, which included scaling back large technology positions such as Moody’s and AutoZone, likely to rebalance after a period of outperformance across top holdings.
Oracle’s stock has surged 68% in the past year, outpacing the S&P 500’s 14% gain, though shares slid on Friday after the company’s recent Investor Day. The company projected $225 billion in annual revenue and $21 in EPS by the end of the decade, driven by its expanding cloud infrastructure business and partnerships such as its multibillion-dollar deal with OpenAI. Analysts from Guggenheim and T.D. Cowen raised their price targets following the event, underscoring optimism despite short-term volatility.
For long-term investors, Oracle’s deep enterprise relationships, accelerating cloud adoption, and growing AI exposure continue to justify its position among PineStone’s largest holdings. The fund’s trim likely reflects prudent profit-taking rather than waning conviction in Oracle’s long-term potential.
Glossary
Asset Management: Professional management of investments on behalf of clients, including individuals and institutions.
Equity Assets Under Management (AUM): The total market value of equity (stock) investments managed by a fund or firm.
Reportable U.S. Equity Assets: U.S. stock holdings that must be disclosed in regulatory filings, typically due to size or regulatory requirements.
Stake: The ownership interest or proportion of shares held in a company by an investor or fund.
Top Holdings: The largest investments in a fund's portfolio, usually ranked by market value.
Quarterly Average Pricing: The average price of a security over a specific quarter, used for valuation or reporting.
Outpacing: Achieving a higher rate of return or growth compared to a benchmark or peer group.
Mission-Critical Solutions: Products or services essential to the core operations and success of an organization.
Cloud Services Subscriptions: Ongoing payments for access to software or infrastructure delivered over the internet.
Hardware Sales: Revenue generated from selling physical technology products, such as servers or storage devices.
TTM: The 12-month period ending with the most recent quarterly report.
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Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Microsoft, Moody's, Oracle, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.
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