Tectonic Advisors Lifts IBM Stake 6.9% Ahead of AI Platform Deals
Tectonic Advisors LLC increased its IBM position by 6.9% in the second quarter, while other large asset managers reported smaller stake increases in later quarters via SEC 13F filings. Alongside the ownership changes, IBM’s OpenAI partnership is described as embedding OpenAI models into IBM Consulting’s AI platform, and IBM signed a $240 million multi-year agreement with Together AI to build an NVIDIA-powered AI inference cluster on IBM Cloud.