Connecticut Wealth Management LLC Bolsters Thermo Fisher Scientific Holdings by 180.7% in Q3
Connecticut Wealth Management LLC revealed a notable surge in its holdings of Thermo Fisher Scientific Inc. (NYSE:TMO – Free Report), marking a substantial increase of 180.7% during the third quarter, as per its recent SEC disclosure. The firm acquired an additional 2,557 shares, bringing its total ownership to 3,972 shares of the medical research company’s stock by the end of this period, valued at $2,011,000 according to the latest SEC filing.
This upsurge in holdings adds to the momentum seen by various institutional investors and hedge funds actively engaging with Thermo Fisher Scientific. Bornite Capital Management LP, for instance, boosted its holdings by 50.0%, amassing 30,000 shares worth $17,719,000. Similarly, Fairfield Bush & CO. increased their stake by 1.2%, now owning 2,928 shares valued at $1,729,000. Other players like Loomis Sayles & Co. LP and Covestor Ltd also significantly expanded their positions, illustrating the collective institutional ownership of 87.06% of the company’s stock.
Thermo Fisher Scientific continues to attract attention and investment interest from various financial entities, demonstrating sustained confidence in the company’s potential for growth and value within the medical research landscape.