AMI Asset Management Corp. has reduced its holdings in Quanta Services, Inc. by 2.3% during the fourth quarter, selling 4,748 shares. The firm now owns 199,134 shares valued at approximately $84 million, with Quanta Services representing 4.8% of AMI's total investment portfolio. This adjustment signals a minor shift in their investment strategy rather than a major change in their outlook on the construction company.

Baillie Gifford & Co. has initiated a new position in Brown & Brown, Inc. (NYSE:BRO) by purchasing 166,161 shares valued at approximately $13.24 million during the fourth quarter. This move comes as other institutional investors have also adjusted their holdings in the financial services provider. Brown & Brown recently reported strong quarterly earnings, beating EPS estimates and showing a significant year-over-year revenue increase, while maintaining a consensus "Hold" rating from analysts.

Baillie Gifford & Co. reduced its stake in McDonald's Corporation by 2.8% in the fourth quarter, selling 3,654 shares and holding 126,880 shares valued at $38.78 million. Despite this, other hedge funds increased their positions in MCD, and analysts have set various price targets, with a consensus "Hold" rating and a target of $339.69. The article also details recent insider sales and significant operational updates including an expansion into energy drinks and a new "under $3" value menu.

Baillie Gifford & Co. reduced its stake in Cisco Systems (NASDAQ:CSCO) by 1.9% in the fourth quarter, selling 19,887 shares and holding 1,006,219 shares valued at $77.51 million. Despite this, several other institutional investors increased their positions, and Wall Street analysts have a "Moderate Buy" consensus rating for CSCO with an average price target of $89.76. Cisco also recently declared an increased quarterly dividend of $0.42 per share.

Baillie Gifford & Co. increased its stake in The Home Depot, Inc. by 16.8% in Q4, now owning 150,964 shares worth $51.9 million. Other institutional investors also adjusted their positions in the home improvement retailer. The company recently reported strong Q4 earnings, beating analyst estimates, and increased its quarterly dividend to $2.33 per share.

Bartlett & CO. Wealth Management LLC reduced its stake in Johnson & Johnson (JNJ) by 4.7% in Q4 2025, selling 11,849 shares. Despite this, other major institutions like Capital International, Amundi, Marshall Wace, and Wellington significantly increased their positions, resulting in hedge funds and institutional investors owning about 69.55% of J&J. The company reported strong Q4 EPS of $2.46 on $24.28 billion in revenue, with analysts largely positive, though the upcoming Q1 earnings report is a key near-term catalyst and risk.

Baillie Gifford & Co. reduced its stake in American Tower Corporation (NYSE:AMT) by 13.9% in the fourth quarter, selling 9,087 shares and retaining 56,181 shares valued at $9.86 million. Insider transactions included Director Rajesh Kalathur buying 2,671 shares and COO Eugene M. Noel selling 41,209 shares. American Tower also increased its quarterly dividend to $1.79 per share, resulting in an annualized yield of 4.0%.

Bank Pictet & Cie Europe AG slightly reduced its stake in Microsoft Corporation by 2.0% in Q4, but MSFT remains its largest holding, valued at $437.6 million. Despite several analysts lowering price targets, the consensus remains a "Moderate Buy." The article highlights mixed sentiment surrounding Microsoft, with strong bullish options flow and AI/Azure growth narratives counterbalanced by concerns over OpenAI's shift to AWS, increased competition in Copilot, and significant AI infrastructure spending pressures ahead of its April 29th earnings report.

Baillie Gifford & Co. reduced its stake in Cadence Design Systems (NASDAQ:CDNS) by 19.7% in Q4, selling 7,127 shares and ending the period with 29,025 shares valued at approximately $9.07 million. Several other institutional investors adjusted their positions, while company insiders also sold shares. Despite these sales, Cadence Design Systems beat Q4 earnings estimates and provided strong guidance for Q1 and FY2026.

Baillie Gifford & Co. recently acquired 84,962 shares of Old Dominion Freight Line (ODFL), valued at approximately $13.3 million, during the fourth quarter. This acquisition is part of broader institutional investor activity, with entities like Boston Partners and Two Sigma also increasing their stakes in ODFL, even as corporate insiders have sold shares. Analysts currently rate ODFL as a "Hold" with an average target price of $194.92, following a slight beat on Q4 EPS and a revenue decline.