Franklin Templeton Investments has unloaded a slice of its shares in Clarksons.
The US investment firm, which is the largest shareholder in the UK-headquartered shipbroking giant, told the London Stock Exchange that it now controls 4.22 million of its shares.
That brings its stake to just below 14%.
The disclosure means that Franklin Templeton has shed 204,000 shares since its last report in September. The slice would be worth about £5.63m ($7.19m) at today's price.
The company grew its stake in Clarksons from just 5% at the start of 2016 to more than 15% at the time of its September filing.
The California financial giant, which had $740bn in assets under management at the end of March, has £166m worth of Clarksons stock today.
The sales would likely have been profitable, since Clarksons share price has risen by nearly 27.1% so far this year, closing today at £27.62.
The investment firm's stake is an indirect holding, with several banks as the direct shareholders. Those include Bank of New York, JP Morgan Chase and The Northern Trust Co.
