So, here we are: a fund in Connecticut, presumably sipping coffee and staring at a screen, decides to throw $164 million more at a stock that’s already jumped 78% in a year. Of course. Because nothing says “visionary” like doubling down on a hot streak. But hey, if you’re gonna chase the moon, might as well jump in the pool with the rest of the idiots.
What Happened
Discovery Capital Management, a group of people who probably once asked “Why is the sky blue?” and then immediately forgot the answer, added 4.18 million shares of Ramaco Resources. The total stake now sits at $182 million. Of course. Because if you’re going to bet, bet big. And also, why not make it a 10% slice of your portfolio? Because obviously, that’s how you diversify.
What Else to Know
Ramaco’s now the fund’s largest holding. Of course. Because why have a balanced portfolio when you can be 10% in a single stock? And the rest of the holdings? A bunch of other companies that probably aren’t as exciting. But hey, at least they’re not in coal. Wait, they are. Oh right, they’re in coal. Which is like the original “last man standing” sport. But now they’re also doing rare earth minerals. Because why not? If you’re already digging holes in the ground, might as well try to find a unicorn.
Top holdings after the filing:
- NASDAQ: METC: $182.21 million (10% of AUM)
- NASDAQ: IREN: $157.95 million (9% of AUM)
- NASDAQ: ORBS: $131.61 million (7% of AUM)
- NYSEMKT: GDLC: $101.19 million (6% of AUM)
- NYSE: AMX: $98.31 million (5% of AUM)
As of Thursday, METC shares were priced at $18.00. Of course. Because if you’re not making money, you’re doing it wrong. And the S&P 500? It’s up 16%. Which, honestly, is like saying “I’m not bad at chess” after losing 10 games in a row.
Company Overview
| Metric | Value |
|---|---|
| Price (as of Thursday) | $18.00 |
| Market Capitalization | $1.19 billion |
| Revenue (TTM) | $579.50 million |
| Dividend Yield | 2% |
Company Snapshot
- Ramaco Resources produces and sells metallurgical coal, with key assets including the Elk Creek, Berwind, Knox Creek, and RAM Mine properties.
- The company generates revenue through the extraction and sale of metallurgical coal to domestic and international steel producers and coke plants.
- It serves blast furnace steel mills and coke plants in the United States and international metallurgical coal consumers.
Ramaco Resources is a leading U.S. metallurgical coal producer with a diversified portfolio of mining assets across West Virginia, Virginia, and Pennsylvania. The company leverages significant controlled mineral reserves to supply high-quality coal to the steel industry, supporting both domestic and global demand. Its strategic focus on metallurgical coal positions it as a key supplier to steel mills and coke plants, providing a competitive edge through resource scale and market reach.
Foolish Take
Discovery Capital Management’s move is like buying a lottery ticket after the drawing. Why? Because they’re not afraid to take a risk. Or maybe they’re just afraid of missing out. Either way, it’s a bet. And a risky one at that. But hey, if you’re gonna bet, bet big. And also, why not make it a 10% slice of your portfolio? Because obviously, that’s how you diversify.
What differentiates Ramaco from a typical coal exposure is what sits alongside the core business. Management is actively transitioning toward a dual-platform model that includes rare earth and critical minerals development at the Brook Mine in Wyoming, a project backed by federal interest and early-stage infrastructure investment. It’s not a typical play, but it introduces optionality that pure-play coal peers lack.
Glossary
13F: A quarterly SEC filing required from institutional investment managers to disclose their U.S. equity holdings.
Assets Under Management (AUM): The total market value of assets a fund or investment manager oversees on behalf of clients.
Metallurgical coal: A type of coal used primarily in steel production, not for electricity generation.
Dividend yield: Annual dividend payments as a percentage of the stock’s current price.
Trailing twelve months (TTM): The 12-month period ending with the most recent quarterly report.
Position change: The increase or decrease in the number or value of shares held in a particular investment.
Reportable assets: Investments that must be disclosed in regulatory filings, such as those required by the SEC.
Stake: The total number of shares or ownership percentage an investor holds in a company.
Quarter-end: The last day of a financial quarter, used as a reference point for reporting financial data.
Market reach: The extent of a company’s ability to sell its products or services to customers in various markets.
Controlled mineral reserves: Mineral resources owned or managed by a company, available for future extraction and sale.
Blast furnace: An industrial facility where iron ore is converted into steel, often using metallurgical coal as a key input.
So, what’s the takeaway? If you’re not investing in something that’s already gone up 78%, you’re doing it wrong. And if you are, congratulations, you’re now part of the club. 🤷♂️
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2026-01-02 04:32