Glenmede Trust Shifts Portfolio: Cuts Applied Materials, Boosts GE Aerospace in Q1

Glenmede Trust's Q1 13F filings reveal a portfolio reshuffling: trimming Applied Materials and Colgate-Palmolive while adding to GE Aerospace and Okta.

Glenmede Trust Co. NA made its most aggressive single-stock move by selling 75,114 shares of Applied Materials, reducing its position by 16.1% to 390,765 shares during the first quarter of 2025. The Philadelphia-based wealth management firm disclosed the trades through mandatory Form 13F filings with the Securities and Exchange Commission, which require institutional investors managing over $100 million to report their holdings quarterly. On the selling side, Glenmede also trimmed its Colgate-Palmolive position by 7.3%, leaving it with 595,265 shares of the consumer goods company. Applied Materials, a maker of semiconductor manufacturing equipment, has faced a volatile stretch amid broader uncertainty in the chip industry. Glenmede moved in the opposite direction with two other holdings. The firm raised its stake in GE Aerospace by 23.9%, bringing its total to 164,601 shares — the largest percentage increase among the disclosed trades. It also lifted its position in identity security software company Okta by 7.0%, ending the quarter with 540,947 shares. All four transactions were reported through the standard 13F filing process, which provides a lagging snapshot of institutional holdings as of the end of each calendar quarter. The filings do not disclose the prices at which trades were executed or the firm's reasoning behind individual position changes.

Why it matters

13F filings are closely watched by investors as signals of how large institutional managers are repositioning across sectors. Glenmede's shifts — away from semiconductor equipment and toward aerospace — reflect broader portfolio trends worth monitoring.

What's next

Glenmede's next 13F filing, covering Q2 2025 holdings, will be due with the SEC in mid-August and will show whether these directional shifts continued.

Key facts

• Glenmede sold 75,114 shares of Applied Materials, a 16.1% reduction, leaving it with 390,765 shares
• Its Colgate-Palmolive stake was cut by 7.3% to 595,265 shares
• GE Aerospace holdings grew 23.9% to 164,601 shares
• Okta position increased 7.0% to 540,947 shares
• All trades occurred in Q1 2025 and were disclosed via SEC Form 13F filings
• Form 13F is required of institutional investors managing more than $100 million in assets

Bias & framing notes

All four sources are from the same outlet (MarketBeat) and appear to be formulaic summaries of SEC filings rather than original reporting. The underlying data is drawn from regulatory disclosures, which are factually reliable, but no independent corroboration or context from other outlets is present. Coverage is purely descriptive with no analysis of market conditions or Glenmede's strategy.

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