Generate Investment Management 13F: Exits IBM Stake

Generate Investment Management completely closed out its position in International Business Machines Corporation (NYSE: IBM), selling all 71,994 shares it held according to a Form 13F filing on October 14, 2026. Because 13F filings look backward at portfolio data from the end of the reported quarter, this filing reflects the fund's holdings at that time and may not match its current setup today.

Inside Generate Investment Management's IBM Trade

The fund sold out its entire stake of 71,994 shares in International Business Machines Corporation, bringing its ending position down to zero shares. This complete exit cuts away the prior holding entirely.

Other Institutional Activity in International Business Machines Corporation

Blackrock Inc. grew its holdings by 798,892 shares, ending with 76,763,481 shares worth about $17.82 billion. Vanguard Capital Management LLC added 541,510 shares, bringing its stake to 61,385,366 shares valued at roughly $14.25 billion. State Street Corporation grew its holdings by 1,452,171 shares, ending with 56,045,055 shares worth about $13.01 billion. Vanguard Portfolio Management LLC grew its holdings by 688,723 shares, ending with 28,348,295 shares worth about $6.58 billion. Geode Capital Management, LLC added 371,539 shares, ending with 23,448,500 shares worth about $5.44 billion.

International Business Machines Corporation Stock Up 1.6%

Shares recently traded around $231.60. The stock sits below its 52-week high of $332.46 and above its low of $199.19.

Recent Earnings

The company reported trailing twelve-month revenue of $69.1 billion and earnings of $11.25 per share. Its net profit margin stands at 15.5% with a return on equity of 34.5%, and the next earnings update is slated for October 21, 2026.

Dividend

The company offers a dividend yield of 2.89% backed by a payout ratio of 59.8%, returning cash to shareholders while it navigates shifting market conditions and invests in hybrid cloud software.

Insider Buying and Selling at International Business Machines Corporation

Director Michelle J. Howard bought 50 shares on February 25, 2026, at $237.83 for a total of $11,891. Director Michael Miebach bought 434 shares on the same day at $233.33 for a total of $101,264. Officer Robert David Thomas sold 25,000 shares on August 26, 2026, at $230.32 for a total of $5,758,088.

Analysts Set New Price Targets

Citigroup maintained a Buy rating on July 24, 2026, with a $245 target. Susquehanna maintained a Neutral rating on July 24, 2026, with a $225 target, and maintained a Neutral rating again on August 31, 2026, with a $235 target. Truist Securities initiated a Hold rating on October 9, 2026, with a $240 target. RBC Capital reiterated an Outperform rating on October 13, 2026, with a $270 target. Overall, the stock holds a consensus buy rating and a mean target price of $242.65 across 23 analyst opinions.

About International Business Machines Corporation

International Business Machines Corporation provides enterprise technology solutions, hybrid cloud platforms, and consulting services to clients around the globe. Its software and infrastructure segments help businesses manage complex digital transformations. Institutional shifts in ownership, such as the exit by Generate Investment Management, highlight how large investors continually rebalance their technology exposure.

Bottom Line

Investors will look toward the upcoming earnings release on October 21, 2026, for fresh details on revenue and profit trends. Regulatory filings provide a helpful window into past institutional moves, but they do not guarantee where a fund stands today. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.