TCV Trust & Wealth Management 13F: New $258K Stake in CTVA
TCV Trust & Wealth Management has initiated a stake in Corteva, Inc. with 3,318 shares valued at approximately $257,642.
Reviewed by automated data checks against the source filing. How we make and check alerts
TCV Trust & Wealth Management opened a new position of 3,318 shares in Corteva, Inc. ($CTVA), according to a 13F filing with the SEC dated October 16, 2026. It reported 3,318 shares worth $257,642 at the end of the quarter.
Find the original: TCV Trust & Wealth Management 13F filings on SEC EDGAR
CTVA
Corteva, Inc.
Key Points
- TCV Trust & Wealth Management opened a new position in Corteva, acquiring 3,318 shares valued at $257,642 as reported in a filing on October 16, 2026.
- Recently, Corteva traded around $13.10, which is above its 50-day and 200-day moving averages but below its 52-week high by about 10.4%.
- Analysts have mixed views on Corteva, with a consensus recommendation to buy and a mean price target of $22.05, significantly higher than the recent trading price.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Corteva, Inc. alert may contain errors. Disclosures
TCV Trust & Wealth Management has initiated a position in Corteva, Inc. (NYSE:CTVA), acquiring 3,318 shares valued at approximately $257,642. This new buy was reported in a filing on October 16, 2026.
What Changed in TCV Trust & Wealth Management's Corteva Position
TCV Trust & Wealth Management opened a new position with 3,318 shares. This marks the first time the fund has held shares in Corteva.
Other Institutional Activity in Corteva
Blackrock Inc. trimmed its holdings by 864,418 shares, holding a total of 53,845,550 shares worth about $693.5 million. Vanguard Capital Management LLC reduced its stake by 282,076 shares, ending with 43,792,285 shares valued at approximately $564.0 million. Capital World Investors grew its position by 6,925,969 shares, totaling 42,923,729 shares valued at about $552.9 million. FMR, LLC increased its holdings by 6,099,291 shares, bringing its total to 41,072,288 shares worth roughly $529.0 million. State Street Corporation added 2,124,819 shares, owning 38,261,197 shares valued at about $492.8 million.
Corteva, Inc. Stock Up 1.7%
Corteva recently traded around $13.10, which is above its 50-day average of $12.39 and its 200-day average of $11.98. However, it's still 10.4% below its 52-week high of $14.62. The stock currently sits 44.2% above its 52-week low of $9.08, indicating a strong position relative to its lowest trading point.
Recent Earnings
In its trailing twelve months, Corteva reported revenue of about $4.97 billion and earnings per share of $1.62. The next earnings date is scheduled for November 11, 2026. This performance shows a revenue growth decline of 1.2% year-over-year, while the company maintains a net margin of 2.8%.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
3 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 25.4%. Revenue beat estimates by 3.6%.
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Profit surprise
EBITDA beat by 13 percent. Operating income beat by 9 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
3 target raises.
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Earnings quality
Gross margin up 1.5 points. Operating margin up 4.9 points. Positive free cash flow.
Earnings Call Summary
Corteva had a strong first quarter with organic sales up 7 percent, driven by seed volume growth of 6 percent and crop protection gains across all regions. Operating EBITDA jumped 21 percent year over year to over $1.4 billion, with margin expansion of 240 basis points coming from price gains, cost savings, and favorable currency effects. Management highlighted that net royalty expense fell another $30 million as the seed business moves toward royalty positive status later this year, particularly from licensing deals like Enlist soybeans in Brazil.
Guidance The company reaffirmed full-year operating EBITDA guidance of $4 billion to $4.2 billion with earnings per share of $3.45 to $3.70. Management expects continued volume growth in crop protection in Latin America in the second half, with seed pricing expected to improve in the back half despite near-term commodity cost headwinds. The company is incorporating a $40 million headwind from higher oil prices.
Good report. The company beat and showed some forward improvement, with a few meaningful caveats.
Analysts Set New Price Targets
On October 6, 2026, JP Morgan upgraded Corteva to an Overweight rating with a new price target of $19.00. Keybanc also upgraded its rating to Overweight on October 7, with a target of $17.00. Citigroup maintained a Neutral rating with a target of $91.00 on September 17, while Argus Research reiterated a Buy rating with the same target on September 18. The consensus recommendation for Corteva is a Buy with a mean price target of $22.05 from 12 analyst opinions.
About Corteva, Inc.
Corteva, Inc. specializes in agricultural products, providing solutions to protect crops from pests and diseases and improve crop health. The company operates across various regions, including North America, Europe, and Asia.
Bottom Line
Investors should keep an eye on Corteva's next earnings report on November 11, 2026. The recent new position taken by TCV Trust & Wealth Management reflects ongoing interest in the agricultural sector, although it’s important to remember that the 13F filings are backward-looking and may not represent the current investment stance of the fund.
Related Filing Alerts
Source: TCV Trust & Wealth Management's 13F filing on $CTVA (Oct 16, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: TCV Trust & Wealth Management 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts