Bridges Investment Management Inc. Sees Significant Shifts in Portfolio
Bridges Investment Management Inc., as of June 30th, 2026, has shown notable buying activity primarily within the Technology and Financial Services sectors while reducing exposure to certain holdings.
According to filings from Bridges Investment Management Inc, there were observable changes in their portfolio during the period leading up to June 30th, 2026.
One of the most significant activities noted was substantial buying within the Technology sector. This included a notable increase in shares for KLA Corp (KLAC), which saw its position grow by over 1 million shares and increased by approximately 457k% this quarter, boosting its portfolio allocation to 1.83%. Additionally, there were large purchases of S&P Small Cap ETFs represented by IJR positions: one instance added nearly half a million shares (a staggering increase), raising the position value significantly and its allocation share from 0.42% to 1.28%, while another change increased the total holdings slightly but notably for this fund, adding 0.7% more weight through IJR.
In Financial Services, Wells Fargo & Co (WFC) was a major addition, with over 640k shares acquired during the quarter, increasing its position value substantially and contributing an additional allocation of approximately 0.64%. This suggests confidence in this large-cap bank.
The Energy sector saw one clear instance of selling activity, where EOG Resources Inc (EOG) was reduced by nearly 156k shares during the quarter, resulting in a significant decrease of about 46.57% in its position value and reducing its portfolio allocation.
Furthermore, Bridges exited several positions entirely this quarter based on disclosed changes. The stock FND (Floor & Decor Holdings Inc-A) was completely removed from the portfolio after losing nearly all of its shares (-89.83%). Similarly, Netflix (NFLX), despite being a holding in another period, is not listed among top holdings for this date and appears to have been sold out entirely during Q1 2026.
Other notable exits include the removal of certain S&P Small Cap ETFs like IJR, which saw its position reduced by nearly half a million shares in one instance (-67.99%). Additionally, there were substantial reductions across various holdings including significant decreases for FND (-89.83%), NFLX (100% sold out), and several large sell-offs of IJR positions.
Overall, the portfolio adjustments indicate a focus on Technology and Financial Services this quarter through major purchases, while also showing reductions in other sectors like Energy and Consumer Cyclical for specific stocks. The changes reflect active management decisions by Bridges Investment Management Inc.