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On October 14, 2025, the fund disclosed its new stake in Booking Holdings (BKNG), acquired during the third quarter of 2025. The transaction, worth $119.52 million at average quarterly prices, suggests a confidence in the travel sector-or perhaps a belief that booking a vacation is the only thing more certain than death and taxes. To invest in Booking Holdings is to bet on humanity’s eternal need to flee from itself, a wager as old as the first merchant selling ship tickets to the New World.

The filing, dated October 14, revealed a holding grown to 940,187 shares-a $125.93 million grove now comprising 2.01% of the fund’s arboreal expanse. This position, though outside their top holdings, stands as a testament to Abbott’s enduring sapling-like promise in the investment soil.

In the third quarter of this year, as the sun dipped below the horizon of optimism, Veracity Capital LLC, that astute observer of financial landscapes, chose to relinquish its hold on Pursuit Attractions and Hospitality. The transaction, meticulously recorded in the annals of the SEC, saw the sale of 121,290 shares, a maneuver that left the fund’s portfolio bereft of a 1.1% portion of its assets under management. One might ask: what drove this calculated retreat? Was it the whisper of caution, the shadow of doubt, or the cold calculus of risk assessment?

Chevron operates like a pragmatist at a poetry reading. It’s integrated-meaning it’s involved in every dirty, glamorous, and boring part of energy: digging it up (upstream), shoving it through pipes (midstream), and turning it into plastic bags and regret (downstream). This isn’t diversification for diversification’s sake. It’s a hedge against the universe’s tendency to ruin plans. When oil prices crash, refining margins might save the day. When refining tanks, maybe pipelines will limp forward. It’s not pretty, but neither is survival.

Digging beneath the surface reveals a company whose future gleams like a well-polished pill bottle. Let us dissect this alchemy of value.

But here’s the kicker: ASTS isn’t done yet. If the company can pull off its vision, it’s not a rocket ship-we’re looking at a lottery ticket with delusions of grandeur. And who doesn’t love a good underdog story? (Spoiler: My therapist says I do.)