In a significant portfolio adjustment, AltaRock Partners reduced its investment in Moody's Corporation (MCO) by nearly 65% during the second quarter of 2026. The firm sold approximately 559,420 shares, lowering its total holdings to 302,620. This remaining stake was valued at $137.06 million as of June 30, with the sale representing an estimated trade value of over $253 million. The transaction occurred during a quarter where Moody's reported strong financial performance, with a 15% increase in revenue.
This move substantially decreased Moody's weighting in AltaRock's reported portfolio from 9.11% to 3.23%. As is standard for 13F filings, this information was disclosed with a time lag; the trades were executed between April 1 and June 30, 2026, and reported on August 17. No specific motive for the large reduction has been publicly disclosed by the investor.