M&G Investment Management’s holding in Trinseo S.A. decreased to about 7.7 million shares with the transaction.
M&G Investment Management first bought Trinseo S.A. stock in the fourth quarter of 2019. M&G Investment Management also owns Methanex Corporation (NASDAQ:MEOH), Air Products & Chemicals Inc (NYSE:APD), Linde PLC (NYSE:LIN) and Nutrien Ltd. (NYSE:NTR). Trinseo S.A. is its number two position by number of shares and market value among chemicals stocks.
Other investors who also reduced their Trinseo S.A. shares include Citigroup (NYSE:C), Hotchkis & Wiley Capital Management, and the T. Rowe Price Equity Income Fund. Contrary to M&G Investment Management, California State Teachers Retirement System and Squarepoint Ops added to TSE shares, while Millennium Management introduced TSE shares to their portfolio.