Sportradar: A Bit of a Flutter, and a Seller’s Regret?

by

Right. So, February 2nd. Another day, another portfolio shuffle. Wilson Asset Management decided to… well, let’s just say they’ve had enough of Sportradar (SRAD +0.72%). They sold the lot. All 322,342 shares. Approximately $8.67 million worth. It’s always a bit alarming when someone just… exits. Like they’ve discovered a hidden clause in the terms and conditions of sports betting itself.

Units of Sportradar Sold: 322,342. Hours Spent Wondering What They Knew: 4. Number of Times I Checked My Own Sportradar Holdings: Let’s not talk about it.

What Happened, Exactly?

Apparently, Wilson Asset Management just… unloaded everything. A clean break. SEC filings are so brutally factual, aren’t they? No explanation, just the cold, hard numbers. The quarter-end value of their SRAD holding decreased by, you guessed it, $8.67 million. It’s like watching a perfectly good souffle collapse. A rather expensive souffle.

The Rest of the Portfolio – A Peek Inside

It’s always interesting to see where the money goes, isn’t it? Like following breadcrumbs. Wilson Asset Management seems rather fond of the usual suspects:

  • NASDAQ: GOOGL: $38.09 million (9.8% of AUM)
  • NASDAQ: INTU: $26.77 million (6.9% of AUM)
  • NYSE: PWR: $23.31 million (6.0% of AUM)
  • NYSE: ICE: $20.16 million (5.2% of AUM)
  • NYSE: MSCI: $19.98 million (5.1% of AUM)

Solid. Reliable. The kind of companies that don’t keep you awake at night wondering if a rogue tweet will wipe out your investment. Which, frankly, is a good thing. I’m aiming for sleep, not exponential growth.

Sportradar: Numbers and… Feelings

As of February 2nd, Sportradar was trading at $18.24. Down 12.2% over the year. Underperforming the S&P 500 by a rather depressing 28.55 percentage points. It’s all very… precarious. Like building a house of cards during an earthquake.

Metric Value
Price (as of February 2) $18.24
Market capitalization $5.48 billion
Revenue (TTM) $1.23 billion
Net income (TTM) $94.83 million

Sportradar, for those unfamiliar, provides sports data, analytics, and streaming. Basically, they’re the people who make sure the odds are right and the numbers add up. They serve bookmakers, sports federations, and anyone else who needs to know what’s happening in the world of sports. It’s a perfectly respectable business. Just… not quite the kind of business that inspires unwavering faith.

So, Why Sell? The Dividend Hunter’s Perspective

Sportradar is posting decent numbers, admittedly. Revenue up 14% in Q3, EBITDA up 29%. Margins are looking good. They’ve even authorized a $300 million share repurchase. All very… encouraging. But here’s the thing. It’s growth, not income. It’s potential, not payout. I’m looking for the steady drip, the reliable yield, the kind of investment that allows me to buy slightly nicer biscuits. And Sportradar… just doesn’t quite fit the bill.

It’s exposed to sentiment, to regulatory shifts, to the whims of sports fans. It’s a bit of a flutter, really. And while I appreciate a bit of excitement in my life (within reason), I prefer my investments to be… predictable. Wilson Asset Management clearly feels the same. They’ve traded the potential for a sure thing, the thrill of the chase for a comfortable income. And honestly? I can’t really blame them. Or myself for checking my own holdings quite so frequently.

Biscuits consumed while worrying about portfolio performance: 7. Number of times I’ve considered taking up knitting: 3. Level of overall financial serenity: Still searching.

Read More

2026-02-03 16:22