Enter the Chainlink reserve-think of it as the hoarder’s secret stash, but instead of old newspapers, it’s accumulating LINK. Why now? Why so aggressive? Is this the crypto version of “trust, but verify,” or just some fancy marketing trick? The latest reserve data might just hold the key to what’s really brewing beneath the surface-and hint at a rally that’s more than just hot air.
On November 14, Think Investments LP filed with the SEC to reveal it had added Semtech to its portfolio. Semtech, a company with more technical jargon in its name than most of us have in our entire dictionary, now represents about 7.8% of the fund’s $58.6 million in investments. That’s a big chunk of money, though probably not enough to make a dent in Elon Musk’s coffee budget.
Now, don’t go thinking this fella’s got a crystal ball or some fancy charts. Nah, these numbers are more like a drunk man’s dart throw at a board labeled “Crypto Market 2029.” Still, it’s enough to make a fella dream, ain’t it? 😴💭
Well, darling, Think’s filing reveals they’ve acquired 793,100 shares as if collecting vintage cigarette cards-except these are worth more than a weekend in the Côte d’Azur. As they record, it’s merely normal trading-nothing as gauche as speculation-yet the sheer size hints at a quiet confidence in the company’s future, or perhaps a fondness for its recent performance. Being their twentieth reported position, it’s rather like adding a dashing new hat to an already impeccable wardrobe-subtle but significant.
The scene is no less grim in formal terms: a quarterly Form 13-F filed with the SEC, a document more about numbers than stories, revealed that Findell had emptied its coffers of Valaris entirely. An agile departure-full and uncompromising-leaving the offshore driller’s name in the dust. This act, measured in dollars and shares, signals not just a shrug, but a clear shift in vision-away from the heavy, resource-drunk machinery of offshore drilling toward promises of faster, shinier assets elsewhere. The move reflects more than numbers; it echoes the cautious retreat of those who sense the tides shifting-less certainty, more calculation.
At first glance, you might think: “So, they bought some shares-big deal.” But wait, my dear reader, it’s a bit more fascinating than that. This latest move puts Penn Capital’s Harrow stake at a respectable 1.2% of their total $1.3 billion U.S. equity holdings. That’s no small chunk of change, folks. It’s a signal, I’d say, that Penn Capital sees something worth noting in the somewhat murky waters of Harrow’s stock. For those following along, Harrow is one of those small-cap, healthcare-ish companies, but don’t let that lull you into complacency. It’s precisely these types of stocks that can sometimes reveal hidden treasures-or at least the potential for them.
The answer, dear readers, is as predictable as your cousin’s questionable dating choices: the US dollar’s mood swings. Yes, the same old dance number that has been setting the pace for crypto rallies for the past decade.
Key Farces:
So, apparently, during the third quarter, Findell upped its game by snagging 90,000 shares of TPB, which in the world of financial wizardry, translates to about $8.9 million-more or less. This move-what some fancy folks call a “new position”-represents a modest 3.5% slice of their $253.4 million pot of U.S. equities. The fact that they now have 15 positions in their portfolio might seem impressive until you realize I’m still obsessively counting the number of stocks I own, which is currently too many. Anyway, the key takeaway? Some smart money is hedging its bets on this tiny titan as it surges-up 60% over the past year-leaving the S&P 500 scratching its head at a mere 13% gain. Simply put, it’s what we’d call a “red flag” wrapped in a rally hat.
Penn’s folks filed their quarterly confession-more formally known as a U.S. Securities and Exchange Commission (SEC) form-and it said they cut their stake in BGC pretty dramatically. The number: 1,615,590 fewer shares, estimated to be worth roughly $17.1 million at the average price in the last quarter. After the shuffle, they still hold 622,783 shares, valued at a modest $5.9 million-more pocket change in the grand ledger of investing. So it goes.
