Local Pensions Partnership Investment 13F: Cuts KLAC Stake by $18M

On October 26, 2026, Local Pensions Partnership Investment trimmed its stake in KLA Corporation (KLAC) by 93,900 shares. This reduction brings its total holdings to 1,367,670 shares, valued at approximately $266.8 million, according to the fund's latest Form 13F filing with the SEC.

KLAC KLA Corporation

$149.21 ▲ +17.51% year to date

1M 3M YTD

Daily close · Oct 26, 2026

What Changed in Local Pensions Partnership's KLA Position

Local Pensions Partnership's holdings in KLA decreased by 93,900 shares, marking a 6.4% reduction from its previous total of 1,461,570 shares. The reported value of this position is about $266.8 million, representing 8.3% of the fund's overall portfolio, which totals approximately $3.22 billion.

Where KLA Fits in Local Pensions Partnership's Portfolio

KLA is ranked 6th among the 33 positions in Local Pensions Partnership's portfolio.

Other Institutional Activity in KLA

Several other funds have also adjusted their positions in KLA Corporation. Campbell Newman Asset Management grew its holdings by 39,568 shares, totaling 346,008 shares worth about $67.4 million. In contrast, Primecap Management Company reduced its stake by 3,839,211 shares, ending with 20,536,730 shares valued at approximately $3.06 billion.

KLA Corporation Stock Up 2.5%

KLA shares recently traded around $149.21, which is about equal to its closing price on the filing date. The stock is currently 51.5% below its 52-week high of $307.37 and 17.7% below its 50-day moving average of $181.34.

Recent Earnings

KLA Corporation reported trailing twelve-month revenue of approximately $13.58 billion, with a net margin of 35.6% and a return on equity of 87.5%. The next earnings report is expected on October 28, 2026.

Dividend

KLA Corporation pays an annual dividend of $0.92 per share, resulting in a dividend yield of 0.62%. The dividend payout ratio is 21.9%.

Insider Buying and Selling at KLA Corporation

Several insiders sold shares in KLA recently. Ahmad A Khan, an officer, sold 33,180 shares at an average price of $198.95 on August 11, 2026. CFO Bren D. Higgins sold 31,500 shares at $209.87 on August 12, 2026. CEO Richard P. Wallace sold 72,019 shares at $171.88 on September 15, 2026.

Analysts Set New Price Targets

On October 6, 2026, Morgan Stanley maintained an Overweight rating on KLA with a price target of $227. This follows a series of ratings maintained by other firms, including Stifel, which has a Buy rating with a target of $250.

About KLA Corporation

KLA Corporation provides process control and process-enabling solutions for the semiconductor industry and other manufacturing sectors. It operates through three segments: Semiconductor Process Control, Specialty Semiconductor Process, and PCB and Component Inspection. This recent position adjustment reflects the fund's ongoing strategy in managing its investments in the technology sector.

Bottom Line

Investors will be watching KLA's next earnings report on October 28, 2026, for insights into the company's performance. Local Pensions Partnership's recent trim in KLA shares suggests a cautious approach as it navigates market conditions.