Local Pensions Partnership Investment 13F: Cuts COST Stake by $6.3M
Key Points
- Local Pensions Partnership Investment cut its Costco holdings from 133,912 shares to 127,012 shares, a decrease of 6,900 shares valued at about $6.3 million.
- The fund now holds about 3.59% of its total portfolio in Costco, ranking it 12th among its 33 positions.
- Costco shares recently traded around $1,004.85, which is about equal to the closing price of $1,005.16 on October 26, 2026.
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On October 26, 2026, Local Pensions Partnership Investment trimmed its stake in Costco Wholesale Corporation (COST) by 6,900 shares, reducing its total holdings to 127,012 shares. This information comes from the fund's latest Form 13F filing with the SEC.
COST
Costco Wholesale Corporation
Where Costco Fits in Local Pensions Partnership's Portfolio
Local Pensions Partnership now has about 3.59% of its total reported value in Costco, ranking it 12th among its 33 reported positions.
Other Institutional Activity in Costco
Several other funds have made moves regarding Costco recently. Howland Capital Management grew its holdings by 1,650 shares, ending with 28,588 shares valued at approximately $26 million. Ag2R la Mondiale Gestion D'Actifs increased its position by 3,408 shares, bringing its total to 22,931 shares worth about $20.9 million. Symphony Financial also added 1,714 shares, raising its total to 5,860 shares valued at about $5.4 million.
Costco Wholesale Corporation Stock Up 0.2%
Costco shares recently traded around $1,004.85, which is about equal to the closing price of $1,005.16 on October 26, 2026. The stock is currently above its 50-day moving average by about 6.9% and its 200-day moving average by 3.6%. However, it remains about 8.4% below its 52-week high of $1,096.50.
Recent Earnings
Costco reported trailing twelve-month revenue of approximately $303.15 billion, showing a year-over-year growth of 11.1%. The next earnings report is scheduled for December 10, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
3 analysts raised price targets.
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EPS & revenue
EPS missed estimates by 1.9%. Revenue missed estimates by 2.3%.
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Profit surprise
EBITDA missed by 5 percent. Operating income missed by 5 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
3 target raises.
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Earnings quality
Positive free cash flow.
Earnings Call Summary
Costco delivered 9.1 percent revenue growth to 69.6 billion dollars in the second quarter, beating earnings per share at 4.93 dollars versus 4.92 dollars expected, but missing revenue versus consensus of 71.2 billion dollars. Same-store sales grew 7.4 percent excluding gas and currency effects. Comparable sales strength came from all categories, with meat and bakery leading fresh food at low double digits. Digital sales grew 22.6 percent, with personalized recommendations driving 470 million dollars in e-commerce sales. However, paid membership growth decelerated to 4.8 percent year over year, down from typical 5 percent levels, partly due to slower new warehouse openings in new markets and higher penetration of online signup members who renew at lower rates. Management emphasized continued price reductions on items like butter, coffee, and eggs despite tariff uncertainty, and highlighted technology investments in checkout efficiency and personalized experiences.
Guidance Management did not provide specific forward guidance for future quarters. They indicated expecting about 28 net new warehouse openings in fiscal 2026 and are targeting 30 plus openings per year going forward. Capital expenditures are estimated at approximately 6.5 billion dollars for the full year.
Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.
Insider Buying and Selling at Costco Wholesale Corporation
Recently, several insiders sold shares of Costco. On June 23, 2026, Director Kenneth D. Denman sold 885 shares at an average price of $957.45, totaling about $847,345. Officer Claudine Adamo sold 2,200 shares on September 29, 2026, at $915.93, bringing in about $2.02 million. Additionally, Officer Caton Frates sold 800 shares at the same price, totaling about $733,328.
Analysts Set New Price Targets
Analysts have maintained a generally positive outlook on Costco. On September 28, 2026, Deutsche Bank maintained its "Buy" rating with a target price of $1,079. Argus Research also reiterated its "Buy" rating with a target of $1,230. RBC Capital maintained a "Sector Perform" rating with a target of $1,000 on October 9, 2026. The consensus recommendation remains a "Buy" with a mean target price of about $1,067.59.
About Costco
Costco Wholesale Corporation operates membership warehouses across multiple countries, including the United States, Canada, and several others. The company is known for its bulk sales and competitive pricing strategy, making it a key player in the retail sector.
Bottom Line
Investors should watch for Costco's next earnings report on December 10, 2026, and keep an eye on any further changes in institutional holdings, especially from Local Pensions Partnership Investment, which has recently adjusted its position in the company.
Related Filing Alerts
Source: Local Pensions Partnership Investment's 13F filing on $COST (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