Portman Square Capital 13F: Exits Western Digital (WDC) Stake

Portman Square Capital has sold out of its entire position in Western Digital Corporation (WDC), according to its Form 13F filing on October 15, 2026. The firm cut 10,430 shares, reducing its stake to zero shares.

Other Institutional Activity in Western Digital

Several other significant institutional investors also adjusted their positions in Western Digital recently. Blackrock Inc. cut its stake by 2,814,989 shares, bringing its total to 32,953,613 shares worth approximately $10.9 billion. FMR, LLC reduced its holdings by 5,638,170 shares, ending with 25,983,645 shares valued around $8.6 billion. Meanwhile, Vanguard Capital Management LLC grew its position, adding 475,953 shares for a total of 22,510,811 shares worth about $7.5 billion.

Western Digital Corporation Stock Down 7.5%

Western Digital shares recently traded around $336.97, which is below its 50-day moving average of $444.57 and significantly below its 52-week high of $799.87. The stock is also 57.9% off its 52-week high, suggesting a challenging market environment for the firm. Investors will want to watch how future earnings might impact its stock performance, especially with a mean price target of $668.50 from analysts.

Recent Earnings

Western Digital reported trailing twelve-month revenue of approximately $12.9 billion and an EPS of $26.92. The next earnings report is expected on October 22, 2026, which may provide further insights into the company's performance.

Insider Buying and Selling at Western Digital Corporation

Several insiders made small trades earlier this year. Chief Executive Officer Irving Tan bought 52 shares, while Chief Sales & Marketing Officer Davis Brian Scott bought 7 shares. Scott also sold 8 shares, indicating continuing activity among key executives.

Analysts Set New Price Targets

Analysts have maintained varied ratings on Western Digital. On August 6, 2026, TD Cowen maintained a Buy rating with a target of $540, while UBS kept a Neutral stance with a target of $525. More recently, on October 12, UBS adjusted its target down to $470 while maintaining its Neutral rating.

About Western Digital

Western Digital Corporation specializes in data storage solutions, primarily through the development and manufacturing of hard disk drives. With a diverse range of products, including internal HDDs and external drives, Western Digital serves various markets across the globe. The recent exit by Portman Square Capital raises questions about investor confidence in the company's growth prospects amidst broader market adjustments.

Bottom Line

Investors should monitor the upcoming earnings report on October 22, 2026, for further insights into Western Digital's market performance and strategy. Keep in mind that 13F filings reflect past holdings and may not represent current positions.