Tema Etfs 13F: Exits Itron (ITRI) Stake

Tema Etfs disclosed on October 16, 2026, that it has fully exited its position in Itron, Inc. (NasdaqGS: ITRI) by selling 95,757 shares.

What Changed in Tema Etfs's Itron Position

Tema cut its position by 95,757 shares, resulting in a complete exit from its holdings in Itron. Prior to this sale, the fund held 95,757 shares, but now its stake is zero, marking a 100% decrease in its investment in the company.

Other Institutional Activity in Itron

Blackrock Inc. reduced its holdings by 17,874 shares, ending with 7,131,562 shares worth about $592.2 million. Vanguard Portfolio Management LLC also trimmed its stake, selling 8,767 shares for a total of 3,497,943 shares valued at around $290.5 million. Additionally, Vanguard Capital Management LLC cut its position by 14,099 shares, leaving it with 2,000,004 shares valued at $166.1 million. Impax Asset Management Group plc saw a larger reduction, selling 266,249 shares, which brought its total down to 1,926,905 shares worth approximately $160.0 million. In contrast, State Street Corporation slightly increased its holdings, adding 4,514 shares for a total of 1,810,117 shares valued at about $150.3 million.

Itron, Inc. Stock Down 2.1%

Itron shares are recently trading around $82.95, which is below both the 50-day moving average of $93.80 and the 200-day moving average of $91.35 by 11.6% and 9.2%, respectively. The stock is also down about 41.6% from its 52-week high of $142.00, although it remains above its 52-week low of $77.77 by 6.7%. This performance may concern investors, especially as it trades significantly lower than the average analyst price target of $129.56.

Recent Earnings

For the year, Itron reported trailing twelve-month revenue of approximately $2.3 billion but faced a year-over-year revenue decline of 7.2%. The company's earnings per share (EPS) stands at $5.98, and it has a return on equity (ROE) of 16.9%. The next earnings report is scheduled for October 27, 2026.

Insider Buying and Selling at Itron, Inc.

Insiders at Itron have sold shares recently, with several officers offloading shares on August 24 and August 25, 2026. General Counsel Christopher E. Ware sold 200 shares at an average price of $98.79, totaling $19,758. Officer Laurie Ann Pulatie-Hahn sold 178 shares at the same price, worth $17,585. Officer Donald L. Reeves III sold 283 shares at $99.99, valuing his transaction at $28,297. Officer Justin K. Patrick sold 10,210 shares at an average price of $97.36, totaling $994,046.

Analysts Set New Price Targets

On July 29, 2026, Needham maintained a Buy rating on Itron with a price target of $128. This reflects a positive outlook despite the recent performance. Currently, analysts have a consensus recommendation to Buy, with a mean target price of $129.56 based on nine opinions.

About Itron

Itron, Inc. is a technology company based in Liberty Lake, WA, that provides solutions for managing energy, water, and smart city operations. It offers various hardware products for measurement and control in the utility sector, making it a key player in the scientific and technical instruments industry.

Bottom Line

With this significant exit by Tema Etfs, all eyes will be on Itron's upcoming earnings report on October 27, 2026, to see if it can deliver positive results amidst its recent stock struggles. Keep in mind that 13F filings are backward-looking and may not represent the fund's current position.