On the 31st of December, the T. Rowe Price Equity Income Fund sold 5.6 million Sprouts Farmers Market Inc. (NASDAQ:SFM) shares for $113 million at an average price of $20.10 per share. Shares of Sprouts Farmers Market Inc. are down -3.38% since the transaction.
The T. Rowe Price Equity Income Fund's holding in Sprouts Farmers Market Inc. decreased to about 4.1 million shares with the transaction.
The T. Rowe Price Equity Income Fund first bought Sprouts Farmers Market Inc. stock in the third quarter of 2013. The T. Rowe Price Equity Income Fund also owns Dollar General Corporation (NYSE:DG), Dollar Tree Inc (NASDAQ:DLTR), Kohls Corp (KSS) and Five Below Inc (NASDAQ:FIVE). Sprouts Farmers Market Inc. is its number seven position by number of shares and market value among retail - general stocks.
Other investors who also reduced their Sprouts Farmers Market Inc. shares include Citigroup (NYSE:C), Eaton Vance (NYSE:EV) Management, and Millennium Management. Contrary to the T. Rowe Price Equity Income Fund, California State Teachers Retirement System, NWQ Investment Management Co., and PGGM Investments added to SFM shares.
The T. Rowe Price Equity Income Fund also reduced their share in MGM Resorts International (NYSE:MGM), PNM Resources, Inc. (Holding Co (PNM), Dennys Corp. (DENN), Becton Dickinson & Co. (NYSE:BDX), Equifax Inc (NYSE:EFX), Tyson Foods Inc (NYSE:TSN), J.B.Hunt Transport Services Inc (JBHT), Concho Resources Inc (NYSE:CXO), Visteon Corp (NASDAQ:VC), RealPage, Inc. (RP), Aptiv PLC (NYSE:APTV), Zendesk (NYSE:ZEN), Planet Fitness Inc (NYSE:PLNT), MyoKardia, Inc. (NASDAQ:MYOK), Slack Technologies Inc (NYSE:WORK), Endava plc (NYSE:DAVA) and Palomar Holdings, Inc. (NASDAQ:PLMR). The total value of the shares sold is estimated at around $6.4 billion.
Additionally, the T. Rowe Price Equity Income Fund established new holdings in MultiPlan Corporation (MPLN) and IAC/InterActiveCorp (NASDAQ:IAC). The T. Rowe Price Equity Income Fund also added to their share in Quidel Corp (NASDAQ:QDEL), Yum Brands Inc (YUM), Vail Resorts Inc (NYSE:MTN), SEACOR Holdings Inc . (NYSE:CKH), SEACOR Holdings Inc., International Paper Co (NYSE:IP), Sealed Air Corp (NYSE:SEE), Lumber Liquidators Holdings, In (NYSE:LL), U.S. Physical Therapy, Inc. (USPH), REX American Resources (NASDAQ:AREC) Corporat (REX), Clearwater Paper Corporation (NYSE:CLW), Proofpoint Inc (NASDAQ:PFPT), RH (NYSE:RH), Franks International NV (FI), Bill.com Holdings, Inc. (NYSE:BILL), Snapchat Inc (SNAP), PCSB Financial Corporation (NASDAQ:PCSB), Cactus (NYSE:WHD), Inc. Class A Common Sto (WHD), Scholar Rock Holding Corporatio (NASDAQ:SRRK), PagerDuty Inc (NYSE:PD) and RAPT Therapeutics, Inc. (NASDAQ:RAPT). The total value of the shares bought is estimated at around $4.5 billion.