Parsifal Capital Management Sells $75.6 Million Albertsons Stake, Reduces Holding to 3.48% of AUM

Parsifal Capital Management has sold 4.2 million shares of Albertsons Companies for an estimated $75.6 million, reducing its stake in the company to 3.48% of its assets under management. The sale comes as Albertsons shares have fallen 7.7% over the past year and underperformed the S&P 500 by 20.48 percentage points. The company's vertically integrated business model and broad store footprint position it as a key player in the competitive grocery sector, but shares have struggled due to margin pressure.