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The latest announcement is out from Freightways ( (FTWYF) ).
FirstCape Group Limited, a substantial shareholder in Freightways Group, has reduced its stake in the company’s ordinary shares from 7.916% to 6.888% as at 11 March 2026. The change reflects a series of on-market buy and sell trades and off-market transfers executed by FirstCape and its wholly owned subsidiaries, Harbour Asset Management, BNZ Investment Services and JBWere (NZ), signalling an active rebalancing of institutional ownership in Freightways’ register.
These transactions involved significant gross consideration values across purchases and sales, indicating meaningful portfolio adjustments rather than minor trading activity. The shift in FirstCape’s holding may modestly alter Freightways’ institutional investor mix and could be of interest to market participants monitoring changes in substantial shareholdings and the influence of large asset managers on the company’s shareholder base.
More about Freightways
Freightways Group Limited operates in the logistics and freight sector, focusing on the transport and delivery of parcels and related services in New Zealand. The company’s shares are listed on NZX, attracting institutional investors and asset managers that actively manage substantial holdings in its ordinary shares.
Learn more about FTWYF stock on TipRanks’ Stock Analysis page.