Enter Peter Brandt, the soothsayer of Wall Street, who claims traders must accept that Bitcoin’s price is doing a slow dance of decay-like a tragic Russian ballet. Miners are throwing in the towel, chatting about Bitcoin and shiny tokens while the market trembles like a failed attempt at a balalaika concerto. 🎻
According to a recent SEC filing, Praesidium sold 104,000 shares of CyberArk, effectively removing it from its portfolio. This exit occurred amid the company’s robust third-quarter performance, with revenues climbing 43% and solid growth in its cloud-based and identity security platforms. Yet, for the strategic eye, this transaction signals more than a simple loss of faith. It hints at a recalibration-an acknowledgment that even market leaders, when fully priced, become less attractive for those committed to long-term value creation.
On a November day heavy with bureaucratic solemnity, Praesidium filed its Report No. 13F dated November 14. Twenty-six weeks prior, this fund had clutched 458,000 shares of a company whose name, like a stubborn villager in Tolstoy’s Russia, clung to the past even as the world marched ahead. Shares were now reduced by 45%, the position’s value slashed by $22.8 million. By September’s end, the stake remained at 251,840 shares, valued at $23.7 million-a sum as insistent as autumn’s rain upon a windowpane.
Let’s talk about XRP. It’s clinging to the $2 mark like a desperate limpet on a particularly slippery rock. The charts are telling a story, and it’s not a happy one: lower highs, lower lows, a descending channel so clean you could probably use it to measure things. Any attempt to climb out has been met with a swift and rather dismissive slap-down. It seems the sellers are thoroughly enjoying themselves.
Both funds, in their own way, seek to grant investors a slice of the consumer staples pie. Yet, XLP, that paragon of frugality, boasts a lower expense ratio and a more concentrated portfolio, while IYK, ever the broad-minded soul, spreads its wings wider, with a smattering of healthcare and basic materials to its name. A dash of variety, one might say, though not without its price.
The ETH futures premium and the put options skew indicate that traders are hedging aggressively despite an 8% price rebound.
Per that SEC filing (yes, the boring document that tells us more than management’s polished PR), Tang now owns 11.3 million shares of Aurinia. At $125.2 million market value? That’s 4.8% of their U.S. equity bets. [Cue record scratch.] Wait-they’re doubling down on a stock up 7% year-to-date while the S&P’s laughing at them from +13%? Bold strategy, let’s see if it pays off before the 401(k) crowd catches on.
The company launched this feature with Myriad, as its first partner on prediction markets. Because nothing says “trust me” like betting on sports, crypto, and politics with a wallet that’s basically a glorified calculator. 🤯
Behind the austere document filed with regulation’s watchful eye lies a story: a fund-a modest universe of assets-claiming new territory in an uncertain landscape. The acquiring of these shares, valued as of late September, becomes a symbolic gesture-1.6% of a portfolio that, like a fragile eden surrounded by the chaos of numbers, holds about $2.6 billion. The gesture suggests allegiance, maybe hope, perhaps simple curiosity. Yet in this act, the market’s silent theatre reveals little beyond the illusion crafted by careful words and hurried transactions.
This newfound passion for Tower now commands 4.2% of G2’s 13F assets, a role not of lead actor but of indispensable supporting player. Their portfolio, a veritable theater of commerce, now includes:
