Arrowstreet Capital Limited Partnership offloaded 8,347,526 shares of General Motors stock.

The 13F SEC filing from Arrowstreet Capital Limited Partnership reveals that the partnership reduced its General Motors TSE: GMM.U ownership by 27.7% during the fourth quarter. The institutional investor sold 8,347,526 shares resulting in 21,784,372 shares remaining in the automaker’s stock portfolio. General Motors makes up 0.9% of Arrowstreet’s portfolio while standing as its 11th largest holding. The value of Arrowstreet’s General Motors stock holdings during the last reporting period reached $1,160,453,000 while representing approximately 2.19% of the total shares outstanding.

Several hedge funds made recent changes to their General Motors investment portfolios. Golden State Wealth Management LLC purchased General Motors shares during the fourth quarter amounting to approximately $25,000. Crews Bank & Trust made its market entry through a new position worth $26,000. Compass Planning Associates Inc. joined them, snapping up a new stake worth $27,000. The investment firm Duncker Streett & Co. Inc. experienced a 9,960.0% increase in its holdings after purchasing 498 shares to reach a total of 503 shares worth $27,000. Whittier Trust Co. increased its investment stake by 551.9% through the purchase of 425 additional shares that resulted in 502 shares worth $27,000. Hedge funds and institutional investors maintain ownership of 92.67% of General Motors’ stock.

Director Alfred F. Kelly, Jr. acquired 12,000 shares of the company on January 30th at $50.66 each for a total amount of $607,920.00. The transaction led Kelly to acquire 13,714 shares worth $694,751.24 that represented a 700.12% increase in his ownership. The purchase information can be accessed through this SEC filing link. Insiders currently hold 0.72% of General Motors’ stock.