Wed Sep 25 09:25:43 UTC 2024: ## 1832 Asset Management Cuts Zoetis Stake by 67.6% in Q2
**New York, NY -** 1832 Asset Management L.P. significantly reduced its holdings in Zoetis Inc. (NYSE:ZTS) during the second quarter, according to a recent SEC filing. The fund sold off a substantial portion of its shares, resulting in a 67.6% decrease in its stake.
The filing reveals that 1832 Asset Management now owns 19,897 shares of Zoetis stock, a sharp decline from its previous holdings. The exact number of shares sold and the reasoning behind the move were not disclosed in the filing.
This significant reduction in holdings by 1832 Asset Management comes at a time when Zoetis’ stock performance has been relatively stable. While the company’s stock has seen some fluctuations in recent months, it remains to be seen if this move by the fund signifies a shift in sentiment regarding the future prospects of Zoetis.
Analysts will be closely watching for further developments in the coming months to understand the implications of this significant stake reduction and its impact on the broader market.
First Piper 