In a significant portfolio shift, Lee Ainslie's Maverick Capital reduced its holdings in Corning Inc. (GLW) by 98.73% during the second quarter of 2026. According to regulatory filings, the position was decreased from 374,510 shares to just 4,770. This disclosure, made in a quarterly 13F report filed with the SEC on August 14, 2026, reflects trading activity that occurred between April 1 and June 30 of the same year.
The sale lowered Corning's weight in Maverick's portfolio from 0.59% to a negligible 0.01%. The estimated value of the shares sold is approximately $94.44 million. While the firm's specific reasons for this substantial reduction have not been publicly disclosed, 13F filings provide a delayed snapshot of a fund's holdings and are closely watched for insights into the sentiment of major institutional investors.