Rokos Capital Management 13F: Cuts STX Stake by $149M

Rokos Capital Management Trims Position in Seagate Technology Holdings plc

Rokos Capital Management reduced its investment in Seagate Technology Holdings plc (NasdaqGS: STX) during the quarter ended May 15, 2026. According to a Form 13F filing with the U.S. Securities and Exchange Commission, the fund cut its position by 55.2%, selling off 154,404 shares during the period. Because 13F filings are backward-looking, this report reflects holdings as of May 15, 2026, and may not represent the investor's exact position today.

Position Details and Share Reduction

Prior to the reduction, Rokos Capital Management owned 279,895 shares of the data storage company. The fund dropped 154,404 shares, leaving a remaining block of 125,491 shares. That remaining stake carried a reported market value of about $121.1 million at the close of the period.

Seagate Technology Stock Performance

Seagate Technology shares change hands around $965.00, reflecting strong momentum over the past year. The hardware maker has moved between a 52-week low of $209.00 and a peak of $1,145.00. Investors should note that 13F filings show snapshot data from the end of the reporting period and do not account for trades made since May.

Recent Insider Transactions at Seagate

Company insiders executed several transactions on June 11, 2026. William Mosley, CEO of Seagate Technology, parted with 3,319 shares. Teh Ban Seng, EVP and Chief Commercial Officer, sold 989 shares. Meanwhile, Morris John Christopher, EVP and CTO, picked up 942 shares on the same date.

Wall Street Analyst Views and Price Targets

Analyst firms have updated their stances on the hardware maker through the summer and fall. On July 29, 2026, Morgan Stanley kept an overweight rating and raised its price target to $1,187.00. On the same day, JP Morgan maintained an overweight rating while lifting its target to $1,240.00. TD Cowen maintained a buy rating on July 29, 2026, with a target of $1,000.00, while Susquehanna held a neutral rating with a target of $875.00. Later, on October 16, 2026, Wells Fargo maintained an overweight rating with a target of $865.00.

Data Storage Solutions Provider

Seagate Technology Holdings plc builds data storage products for enterprise, cloud, and consumer markets. Based in Singapore, the firm provides hard drives, solid-state drives, and storage systems used across healthcare, surveillance, and media industries. Institutional moves like the recent filing by Rokos Capital Management offer a window into how major players manage tech sector exposure.

Looking Ahead for Seagate Investors

Market participants will watch for the company's next earnings report scheduled for October 27, 2026, to check on revenue and profit trends. Future regulatory filings will also show whether other large funds adjusted their stakes in the data storage provider.