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According to their November 14 SEC filing, the fund has taken a new position in NCLH, acquiring 347,600 shares. This is like finding a needle in a haystack, but instead of a needle, it’s a bunch of shares, and the haystack is the entire stock market. The stake represents 1.05% of the fund’s $815.2 million in assets-a drop in the ocean, but a significant splash in a very small pond. (Pond: A body of water so small it could fit inside a teacup, yet somehow still manages to be full of surprises.)

In the dim-lit corridors of investment, many cast their eager gaze upon the shimmering ascent, hopeful that the year ahead-2026-will mirror previous triumphs. Yet beneath that veneer of optimism, a lesser-known indicator stirs-a spectral warning whispering from the shadows, repeating a refrain that history etched deep into its ledger.

An SEC filing, that most thrilling of bedtime reading material, revealed Tikvah had offloaded 400,000 PAYO shares during Q3 at an average price that would make a dragon hoard blush. The proceeds, $2.68 million, joined the fund’s coffers while leaving them with 1.29 million shares valued at $7.82 million. This reduced Payoneer’s presence in their portfolio to a mere 2.3% stake²-a position now dwarfed by titanic holdings like Alphabet and Amazon, which loom over Tikvah’s portfolio like colossi straddling the Strait of Gibraltar.

A filing, crisp as a new leaf, revealed Sand Grove’s purchase of 39,121 shares in CyberArk (CYBR 0.72%) by quarter’s end, valued at $18.9 million. The gesture, though modest against the vast forest of capital, hinted at a belief in the sap rising within this particular tree.

In what’s being called “the most romantic SEC filing since Elon tweeted about Dogecoin,” Sand Grove disclosed a shiny new 829,123-share position in STAAR Surgical (STAA 1.63%). Let’s pause to admire the math: $22.28 million invested in a company whose market cap could fit inside Jeff Bezos’s yacht closet. The filing, dated November 14, 2025, reads like a financial rom-com where the protagonist buys a timeshare in a struggling ophthalmology-themed amusement park.

They’re selling exposure to digital magic internet money through old-man investment vehicles. Brilliant! No wallets, no passwords – just good ol’ AMEX tickers. Who needs blockchain when you’ve got custodians? Revolutionary. [eye roll]

These two noble ETFs strive to grant the weary investor passage into the realms of emerging markets, yet they differ as one might contrast a peacock strutting in full plume with a sparrow observing from the hedgerow. This analysis seeks to elucidate the nuances of expenses, returns, risks, and the labyrinthine paths of trading, assisting investors in discerning which vessel may better suit their financial journey.