Blueshift Asset Management, LLC acquired 48,877 shares of Crocs valued at $4.08 million. Crocs made up 1.3% of its U.S. equity assets. Top holdings included SPDR S&P 500 ETF Trust and iShares Russell 2000 ETF. Crocs shares were priced at $74.45, down 27% over the past year.

Crocs offers a variety of casual footwear products worldwide. The brand targets men, women, and children in 85 countries through various channels. Crocs faced challenges after acquiring Heydude brand for $2.5 billion, with a revenue drop of 22% in the third quarter of 2025.

Blueshift Asset Management made a timely addition to its portfolio with Crocs as a top holding. Crocs stock has dropped 18% year to date due to sales growth issues. Whether the company will recover remains uncertain, but Blueshift’s move seems strategic for now.

Read more at Yahoo Finance: Blueshift Asset Management Slides Into 48,000 New Crocs Shares