Bastion Bets on Government Spending with $8 Million New Stake in Parsons

2026-02-27 15:57:23 ET

On February 6, 2026, Bastion Asset Management disclosed a new position in Parsons (NYSE:PSN) , acquiring 128,186 shares in the fourth quarter—an estimated $8.04 million trade based on quarterly average pricing.

According to a filing with the Securities and Exchange Commission (SEC) dated February 6, 2026, Bastion Asset Management established a new position in Parsons (NYSE:PSN) , acquiring 128,186 shares. The estimated transaction value was $8.04 million, based on the average share price during the quarter.

Parsons is a leading provider of advanced technology solutions for defense, intelligence, and critical infrastructure sectors. The company leverages deep domain expertise and a diversified service offering to address complex challenges in national security, cyber operations, and infrastructure modernization. Its strategic focus on high-value government contracts and mission-critical projects positions Parsons as a key partner for public sector clients seeking innovation and reliability.

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