usdaed

It wasn’t a fire sale. Oh no, not at all. Just another quarterly filing, another 13F report that tells us Conestoga has sliced off a nice little chunk of its Mercury Systems stash. They’ve got plenty left though-over 2.27 million shares. That’s more than most of us can even fathom. But let’s face it, that’s the life of institutional investors: slice and dice, adjust and readjust. The shares they sold were valued at a comfortable $17.35 million. And the remaining stake? Well, it’s about 2.83% of their entire portfolio. A rounding error to someone playing the game of big numbers.

A filing with the SEC, dated one week later, revealed Conestoga’s thinly veiled disdain for Exponent’s third-quarter performance. The fund sold enough shares to fund a small kingdom, yet still champions the stock as a 2.63% stake in their AUM. A partial sale, yes-and also exceptionally generous. Imagine selling a slice of your birthday cake while still insisting the whole recipe was a life-sustaining need.

The filing, submitted to the Securities and Exchange Commission, revealed a stake that now constitutes 1.53% of the fund’s assets. Among its top holdings, the numbers speak of familiar names-BRK-B, MKL, COST-each a testament to the firm’s cautious approach. Yet WESCO, with its modest 0.81% dividend yield, seems an afterthought in a world of grander ambitions.

The SEC filing, dated October 17, 2025, reveals a quiet retreat. The shares, sold at an average price, left a void in the fund’s portfolio. Once a prominent 9.8% of its holdings, Constellation Energy now ranks 13th among 48, a testament to the fickle nature of capital. The market, ever fickle, saw CEG’s shares climb 41.7% over the year, yet the decision to sell suggests a deeper unease.

Euro Pacific, that quiet giant of the investment world, announced that it had reduced its stake in Kinross Gold Corporation by 156,001 shares, a sum that equates to $3.0 million. After the dust had settled, they retained 776,378 shares, a number that seems almost insignificant in the grand churn of the market. But to those who measure in percentages and figures, that remaining stake represents 2.02% of their 13F reportable assets under management. An asset may rise and fall, but its hold is never truly set in stone.

\n