Institutional Shareholder BCPE Watson Files to Sell $2.22 Billion in Coherent Corp. Stock
COHR has more than doubled off its 52-week low of $45.58.
Summary
BCPE Watson (DE) BML, LP, a major institutional shareholder, has filed an amended Form 144 to sell approximately $2.22 billion worth of Coherent Corp. common stock, confirming the exact terms of a previously disclosed intent.
Key Events · Ownership and Investor Activity · COHR
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Confirms Major Stock Sale
BCPE Watson (DE) BML, LP intends to sell 9,437,238 shares of common stock, valued at approximately $2.22 billion, finalizing the terms of a previously disclosed intent.
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Follows Recent Sales
This proposed sale follows the disposition of 12,500,000 shares by the same entity in the past three months, totaling over $2.02 billion in gross proceeds.
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Strategic Investor Exit
The shares were acquired through the conversion of Series B-2 Convertible Preferred Stock, suggesting a strategic liquidation of the institutional investor's position.
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Selling into Strength
The significant sale occurs as Coherent Corp. stock trades near its 52-week high, potentially indicating the investor is locking in gains.
Analysis · COHR · Industrial Applications And Services
This amended Form 144 confirms the exact details of a significant stock disposition by BCPE Watson (DE) BML, LP, an institutional shareholder. The proposed sale of 9.44 million shares, valued at over $2.22 billion, represents a substantial reduction in their stake, following a previous sale of 12.5 million shares in the past three months. The shares were acquired through the conversion of preferred stock, indicating a strategic exit by the investor. This large-scale selling activity, especially while the stock is trading near its 52-week high, could exert downward pressure on the share price due to increased supply and potential concerns about institutional confidence.
How filings like this one have moved
In the 30 days to Sep 13, 2026, 35.6% of the 1216 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, COHR was trading at $235.94 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $45.5B. The 52-week trading range was $45.58 to $247.15. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.