On May 11, 2026, Long Corridor Asset Management Ltd disclosed a new position in Pitney Bowes (NYSE:PBI), acquiring 1,120,000 shares in an estimated $11.75 million trade based on the quarterly average price.
What happened According to a U.S
Securities and Exchange Commission (SEC) filing dated May 11, 2026, Long Corridor Asset Management Ltd disclosed the purchase of 1,120,000 shares of Pitney Bowes. The estimated transaction value was $11.75 million, calculated using the average closing price for the first quarter of 2026. The position was valued at $12.38 million at quarter’s end, reflecting Long Corridor’s new purchase of Pitney Bowes shares.
What else to know This marks a new position for Long Corridor, with Pitney Bowes representing 3.79% of reported 13F assets under management (AUM) as of March 31, 2026. Top holdings after the filing: – NASDAQ: GOOGL: $41.41 million (12.7% of AUM) – NASDAQ: AMZN: $35.23 million (10.8% of AUM) – NASDAQ: META: $30.32 million (9.3% of AUM) – NYSE: AXP: $29.64 million (9.1% of AUM) – NASDAQ: MSFT: $27.76 million (8.5% of AUM) As of May 11, 2026, Pitney Bowes shares were trading at $15.90, up 73.6% over the past year and outperforming the S&P 500 by 45.89 percentage points. Company Overview Company Snapshot – Offers technology, logistics, and financial services, including parcel delivery, mail sortation, and shipping solutions across three main segments: Global Ecommerce, Presort Services, and SendTech Solutions. – Generates revenue primarily through service fees for logistics and mail processing, technology sales, and financial services related to shipping and mailing operations. – Serves small and medium-sized businesses, large enterprises, retailers, and government clients in the United States, Canada, and internationally.