Hedge Fund Takes New Position in Logistics Stock, According to Recent SEC Filing
Key takeaways
- Securities and Exchange Commission (SEC) filing dated May 11, 2026, Long Corridor Asset Management Ltd disclosed the purchase of 1,120,000 shares of Pitney Bowes.
- This marks a new position for Long Corridor, with Pitney Bowes representing 3.79% of reported 13F assets under management (AUM) as of March 31, 2026.
- NASDAQ: GOOGL: $41.41 million (12.7% of AUM)
Jake Lerch, The Motley Fool Thu, May 14, 2026 at 8:55 PM GMT+7 4 min read PBI GOOG AMZN META On May 11, 2026, Long Corridor Asset Management Ltd disclosed a new position in Pitney Bowes (NYSE:PBI), acquiring 1,120,000 shares in an estimated $11.75 million trade based on the quarterly average price.
According to a U.S. Securities and Exchange Commission (SEC) filing dated May 11, 2026, Long Corridor Asset Management Ltd disclosed the purchase of 1,120,000 shares of Pitney Bowes. The estimated transaction value was $11.75 million, calculated using the average closing price for the first quarter of 2026. The position was valued at $12.38 million at quarter’s end, reflecting Long Corridor s new purchase of Pitney Bowes shares.
This marks a new position for Long Corridor, with Pitney Bowes representing 3.79% of reported 13F assets under management (AUM) as of March 31, 2026.