Highland Capital Management 13F: Cuts C Stake by $2.9M
Key Points
- Highland Capital Management cut its position in Citigroup by 22,367 shares, valued at about $2.9 million, in a filing on October 26, 2026.
- Citigroup's stock recently traded around $121.07, which is about equal to the closing price on the filing date, but 18.2% below its 52-week high.
- The fund now holds 184,927 shares of Citigroup, representing 2.87% of its reported 13F portfolio.
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Highland Capital Management reduced its stake in Citigroup Inc. (C) by 22,367 shares, valued at approximately $2.9 million, in a filing on October 26, 2026. This change brings Highland's total holdings in Citigroup to 184,927 shares.
C
Citigroup Inc.
What Changed in Highland Capital Management's Citigroup Position
Highland Capital Management cut its position in Citigroup by 22,367 shares, resulting in a 10.79% decrease in its holdings. The fund's total reported value for this position is now about $23.9 million.
Where Citigroup Fits in Highland Capital Management's Portfolio
Citigroup now makes up 2.87% of Highland Capital Management's reported 13F portfolio, ranking 10th among the fund's 415 positions.
Other Institutional Activity in Citigroup
Hbw Advisory Services reduced its stake in Citigroup by 8,827 shares, ending with 19,277 shares valued at about $2.5 million. Curated Wealth Partners cut its holdings by 1,151,554 shares, leaving it with 13,172 shares worth approximately $1.7 million. UniSuper Management also reduced its stake by 212,784 shares, bringing its total to 1,132,384 shares.
Citigroup Inc. Stock Up 0.4%
As of October 27, 2026, Citigroup shares traded around $121.07, which is about equal to the closing price on the filing date of $121.04. The stock is currently trading 18.2% below its 52-week high of $147.96, and 7.5% below its 50-day moving average of $130.88.
Recent Earnings
Citigroup reported trailing twelve-month revenue of approximately $83.3 billion, with a net margin of 23.2%. The next earnings report is scheduled for January 14, 2027.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
10 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 13.3%. Revenue beat estimates by 83.8%.
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Profit surprise
Operating income missed by 20 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
10 target raises.
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Earnings quality
Gross margin up 3.5 points. Operating margin up 3.8 points. Positive free cash flow.
Earnings Call Summary
Citigroup reported strong first quarter results with 14 percent revenue growth, reaching $44.1 billion, and earnings per share of $3.06 well above the $2.64 consensus. Services business revenues jumped 17 percent and Markets surpassed $7 billion in quarterly revenues for the first time in ten years, with equities up nearly 40 percent. Management stressed the bank is only pursuing organic growth and has no interest in acquisitions, and said 90 percent of their regulatory transformation work is now complete or near completion.
Guidance Management reaffirmed their target of 10 to 11 percent return on equity for the full year 2026. They expect net interest income to grow 5 to 6 percent, and said they will share more detail on capital plans and buybacks at an investor meeting in May.
Solid report. Results were generally better than expected, but the forward outlook did not materially change.
Insider Buying and Selling at Citigroup Inc.
Several insiders sold shares recently. Chief Financial Officer Mark A.L. Mason sold 3,627 shares on February 20, 2026, valued at about $416,045. Officer Nicole M. Giles sold 12,732 shares on April 15, 2026, for approximately $1.7 million.
Analysts Set New Price Targets
On October 2, 2026, JP Morgan maintained an Overweight rating on Citigroup with a target price of $147. On October 5, UBS also maintained its Neutral rating with a target of $139. The consensus recommendation remains a Buy, with a mean price target of $150.71.
About Citigroup
Citigroup Inc. is a diversified financial services holding company that offers a wide range of financial products and services to various clients, including consumers and corporations. This recent reduction in stake by Highland Capital Management may indicate a shift in their investment strategy regarding Citigroup.
Bottom Line
Investors will be watching for Citigroup's next earnings report on January 14, 2027, as well as any further filings from Highland Capital Management. This reduction in stake reflects a smaller commitment to Citigroup by the fund, which may influence future investment decisions.
Related Filing Alerts
Source: Highland Capital Management's 13F filing on $C (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts