Corteva, Inc. (NYSE:CTVA) Shares Sold by Strs Ohio

According to a recent filing with the Securities and Exchange Commission (SEC), the Ohio Public Employees Retirement System (STRS Ohio) sold a significant portion of its shares in Corteva, Inc. (NYSE: CTVA) during the fourth quarter of 2022. The filing reveals that STRS Ohio reduced its holdings in Corteva by approximately 43.0%, selling a total of 205,000 shares.

Before the sale, STRS Ohio held a total of 576,522 shares of Corteva's stock. After the sale, the retirement system's remaining holdings stood at 271,522 shares. The value of these holdings would depend on the stock price at the time of the sale and reporting.

It is essential to note that selling securities is a common practice among institutional investors like STRS Ohio. The reasons for selling can vary, including portfolio rebalancing, generating cash for other investments, or adjusting risk exposure. In this case, the exact reason for STRS Ohio's decision to sell a portion of its Corteva holdings is not disclosed in the available information.

Corteva, Inc., headquartered in Indianapolis, Indiana, is a leading global pure-play agriculture company that provides farmers with a broad range of products and services designed to increase productivity and profitability. The company was formed through the merger of DowDuPont's Agriculture Division and Dow AgroSciences in June 2019.

STRS Ohio is a public defined benefit pension fund that provides retirement and disability benefits to more than 750,000 public employees and their families in Ohio. The retirement system manages a diversified investment portfolio to meet its long-term obligations to its members.

In summary, STRS Ohio sold 205,000 shares of Corteva, Inc. (NYSE: CTVA) during the fourth quarter of 2022, reducing its holdings by approximately 43.0%. The retirement system's remaining holdings stood at 271,522 shares after the sale. The reasons for this sale are not disclosed in the available information.