Discovery Capital Management, a group of people who probably once asked “Why is the sky blue?” and then immediately forgot the answer, added 4.18 million shares of Ramaco Resources. The total stake now sits at $182 million. Of course. Because if you’re going to bet, bet big. And also, why not make it a 10% slice of your portfolio? Because obviously, that’s how you diversify.
The real punchline? VTI’s portfolio is a colossus-bigger, broader, more chaotic, a sprawling beast that embodies the American stock market in its true, unfiltered glory-while SPTM tries to capture around 90% of the terrain, a narrower corridor, a sniper’s shot at market exposure. But here’s the rub: size doesn’t always mean better-just as a bigger bat doesn’t guarantee a home run, it’s about how you swing that’s critical. And in this game, the larger VTI is the London to SPTM’s little Brooklyn café-both smoke and mirror, both loaded with chips, but one’s betting big on the entire casino.
VOO’s expense ratio is a respectful $6 cheaper annually for every $10,000 invested. A saving so modest, it could feed a single man’s lottery ticket habit for a year. Yet, for investors who live two decades longer than they expect to, such thrift becomes a grudge-match. VOO’s dividend yield, a mere scrap of cents, might buy extra hours of coffee, or one more round of small talk at a conference where nothing much matters. So it goes.
When a fund waves its wand and makes an investment poof from its portfolio, market sages lean in like children at a magic show. Oasis’ “abracadabra” came dressed in dry regulatory prose: a complete liquidation of KT holdings, transforming $8.31 million in telecom alchemy into… well, that remains the punchline. The remaining treasure map reveals NYSE:MTN glittering like Midas’ crown (32.7% of AUM), while NASDAQ:VNET and NASDAQ:STRS shimmer enticingly-a veritable constellation for those chasing the Northern Lights of ROI.
Anson Funds, ever the pragmatists, elected to liquidate 2.15 million shares of Perpetua Resources in the third quarter, a feat accomplished with the precision of a well-timed tea party exit. The disclosure, filed with the SEC on the 13th, reads less like a financial maneuver and more like a polite retreat from a suddenly popular party. One might say the stock had become too the rage for the fund’s delicate sensibilities.
Darkfost, a sage among analysts, proclaims that the volume of futures has halved since late November. From a staggering $123 billion per day to a modest $63 billion-such is the fickle nature of markets, where fortunes are won and lost in the blink of an eye. Yet, even in this decline, the futures remain colossal, twenty times greater than the modest ETF flows ($3.4 billion), and ten times the humble spot market volumes ($6 billion). Truly, size matters, or so they say, until it doesn’t-except when it does, and we pretend to understand.
In a post on the ol’ X (formerly known as Twitter, for those still living in the 2020s), Paolo himself shared the blockchain deets of a transaction that moved exactly 8,888.8888888 BTC from Bitfinex to Tether’s reserve. That’s a lot of zeros and eights, almost as if they’re trying to summon a digital genie. 🧞♂️
The numbers do not lie, though they may flinch. Caesars’ shares now linger at $23.39, a 30% carcass compared to last year’s corpse. The S&P 500, that relentless optimist, has risen 16% in the same span. Yet Quaker Capital, with the detachment of a coroner, dissects the remains. Its 13F filing reveals a portfolio heavy with EQT ($62.31 million) and UBER ($36.71 million)-holdings that suggest diversification, not desperation. The Caesars bet sits outside its top five, a calculated footnote.
Behold the iron hand of regulation descending upon the earth, a tale of nations striving to tame the beast of their own creation 🏛️⛓️. The United States, that grand experiment of democracy and delusion, forged the GENIUS Act-a name dripping with hubris, as if mere mortals could legislate genius itself. Signed by the Trumpian oracle in July 2025, this decree demands stablecoin issuers pledge fealty to reserves of dollars or bonds, while monthly audits pierce the veil of secrecy like a dagger. Yet who shall guard the guardians? The law, like a slumbering titan, awakens in 2027, leaving the world to wonder: is this order or oppression?
It appears that Vision Capital, in a fit of business acrobatics, sold off 330,000 shares of SL Green during the quarter, reducing its hold to absolute zero, a state most would call “ownership of a ghost.” This act reduced their stake to a mere footnote, once a significant 9.13% of the fund’s assets. With the grace of a trapeze artist falling into the safety net of cash, they handed over their securities, basing the transaction on an average quarterly price that, depending on your mood, could be considered both a triumph of timing or an ironic reminder of how unpredictable the financial circus can be. It’s as if the fund decided, “All aboard the exit train” and left the station just in time for the next rollercoaster loop.