TCV Trust & Wealth Management 13F: Exits PWR Stake

TCV Trust & Wealth Management has completely sold its position in Quanta Services, Inc. (NYSE: PWR), reducing its shares from 330 to 0 in a filing on October 16, 2026. This marks the fund's exit from its investment in the company, reflecting a strategic change in its portfolio.

What Changed in TCV Trust & Wealth Management's Quanta Services Position

TCV Trust & Wealth Management cut its stake in Quanta Services by 330 shares, selling out entirely.

Other Institutional Activity in Quanta Services

Other institutional investors have also been active in Quanta Services. Blackrock Inc. reduced its holdings by 989,149 shares, leaving it with 13,061,264 shares worth about $8.25 billion. Vanguard Capital Management added 96,091 shares, ending with 9,802,251 shares valued at around $6.19 billion. Similarly, State Street Corporation increased its stake by 296,659 shares, bringing its total to 6,581,807 shares worth about $4.16 billion.

Quanta Services, Inc. Stock Down 4.2%

Quanta Services recently traded around $632.50, which is below its 50-day moving average of $651.13 by about 2.9%. The stock is also about 19.8% off its 52-week high of $788.75, but it remains well above its 52-week low of $404.51, indicating a strong performance relative to the lower end of its trading range.

Recent Earnings

In its most recent earnings report, Quanta Services reported a trailing-twelve-month revenue of $32.9 billion and an EPS of $8.73. The company has experienced a revenue growth of 41.1% year-over-year, indicating strong demand for its services. The next earnings report is scheduled for October 29, 2026.

Insider Buying and Selling at Quanta Services, Inc.

Insider transactions show that General Counsel Donald Charles Wayne sold 14,000 shares on November 6, 2025, valued at approximately $6.21 million. Other significant insider sales include Officer Gerald A. Ducey Jr., who sold 7,653 shares at an average price of $446.08, totaling about $3.41 million.

Analysts Set New Price Targets

Analysts have recently shown optimism for Quanta Services. On August 7, 2026, Keybanc upgraded the stock to an Overweight rating with a price target of $807. Piper Sandler initiated coverage on September 9, 2026, with an Overweight rating and a target of $731. The consensus recommendation is a strong buy, with a mean target price of $766.00, reflecting continued confidence in the company’s growth potential.

About Quanta Services

Quanta Services, Inc. offers a variety of infrastructure solutions primarily for the electric and gas utility, power generation, and communication sectors. With a workforce of about 69,500 employees, the company plays a crucial role in the engineering and construction industry, providing essential services across multiple sectors.

Bottom Line

TCV Trust & Wealth Management's exit from Quanta Services reflects changes in institutional investment strategies. Investors will want to watch for upcoming earnings on October 29, 2026, and any further developments from other institutional holders as they adjust their positions. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.