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This digital Robin Hood-no relation, presumably-has grown plump on the twin breadwinners of fintech alchemy and digital daring. Yet its September fireworks demanded closer inspection. What conjugated such a leap? Let us invert the pyramid of suspicion.

The stock has fallen more than 30% this year, a descent so gradual it’s like watching a glacier melt. Yet it offers a 5.2% dividend, which is like finding a $5 bill in a coat pocket you forgot you owned. With its valuation so low, it’s the financial equivalent of a thrift store dress-cheap, but you wonder if the stains are ever going to come out. Will the Nov. 19 earnings report be a miracle or a letdown? I’d wager on the latter, but maybe I’m just jaded.

Yet, beneath the surface, there are glimmers of resilience. Lululemon, for all its pretensions, remains a global brand with a fanbase as loyal as it is expensive. Target, despite its stumbles, has begun to flex its digital muscles, and its advertising division seems to be gaining traction. One might argue that both companies are not merely surviving but adapting-with a certain flair, one hopes.

Paradiem’s new position, constituting 3.76% of its reportable U.S. equity assets under management, now ranks among its top five. The fund’s holdings read like an inventory from a forgotten archive:

And yet, there’s an odd glimmer of hope if you look hard enough. Invitation Homes (INVH)-an unsexy, sleep-inducing name in the realm of Real Estate Investment Trusts (REITs)-has taken a hard hit. Over 16% down in the last year. And almost 20% off its peak. It’s enough to make you wonder if it’s some kind of cruel joke, but damn it, that yield has been pumped up to a juicy 4.1%. That’s the stuff that gets me moving. That, combined with its rock-solid growth trajectory, was the kind of poison I had to take-especially when I saw it sitting there like a cold beer at the end of a 14-hour flight.

Now, let me tell you, the pandemic was a wild card that turned the world on its head. In those feverish months, Etsy’s fortunes soared as in-person retail went to sleep, and online shopping became the new religion. Revenue took off like a rocket, and investors, ever the optimists, hailed it as the next big thing. But here’s the kicker: when the economy began to stir from its slumber, Etsy’s magic began to fade, and the market, ever fickle, turned its back on the once-beloved marketplace.

But let us not indulge in idle gossip. Cohen is a man of few interviews; his thoughts on the inner machinations of his firm slip away like fog in the morning sun. Much to the delight of everyday investors, his quarterly 13F filings provide a tantalizing glimpse into the mind of one of finance’s sharpest-but peculiar-wits.

This newly acquired position depicts a mere 1.19% of DRZ’s reportable U.S. equity assets, while the whispers of Wall Street resonate, amplifying inquiries about the foresight of such a commitment.