A Fund’s $4M Payoneer Trim: Growth vs. Market Skepticism

An SEC filing, that most thrilling of bedtime reading material, revealed Tikvah had offloaded 400,000 PAYO shares during Q3 at an average price that would make a dragon hoard blush. The proceeds, $2.68 million, joined the fund’s coffers while leaving them with 1.29 million shares valued at $7.82 million. This reduced Payoneer’s presence in their portfolio to a mere 2.3% stake2-a position now dwarfed by titanic holdings like Alphabet and Amazon, which loom over Tikvah’s portfolio like colossi straddling the Strait of Gibraltar.






