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Last Monday, the SEC got its latest love letter from London’s RWC Asset Management, who added 255,473 Macy’s shares to their portfolio. For context, that’s like buying every last sweater from a clearance rack at a mall that’s already half-demolished. The total stake now sits at 10.9 million shares, which, if converted to actual clothing, would require a storage unit the size of a small country.

As recorded in a submission to the Securities and Exchange Commission on the twentieth of October, 2025, Renaissance Capital declared its acquisition of 51,208 shares in Circle Internet Group during the third quarter. This transaction, though modest in scale, signals a calculated move within the labyrinthine corridors of institutional finance.

This stake, 1.8% of Sterling’s $166.48 million in reportable U.S. equity assets, was no accident. It was a deliberate act of faith in a company that has weathered decades of storms, its roots deep in the soil of convenience and thirst. PepsiCo, with its $92.37 billion in trailing revenue and a dividend yield of 3.62%, is not a sapling but an oak-broad-leafed, gnarled, and stubborn. Its branches stretch across snacks, beverages, and the quiet desperation of consumers who crave something sweet to forget the day.

With this elegant maneuver, Muzinich’s affection for Hercules now represents 7.25% of its reportable assets. One imagines a boardroom toast where someone mutters, “To diversification!” and the others pretend to understand what that means.

Per the SEC’s October 27, 2025, ledger, RWC, that perennial gambler with numbers, added 2.7 million Nio shares to its trove, a transaction valued at $14.55 million, a sum as fleeting as a summer’s dusk. The position, now a bloc of 2,733,551 shares, glints with a $20.83 million sheen as of September 30, 2025-a testament to the fund’s penchant for speculative alchemy.