The fund, in its quarterly report, disclosed the purchase of 1,511,866 shares, a gesture both bold and hesitant. The value of this holding, 7.47% of the fund’s equity assets, suggested a calculated risk, yet the numbers themselves were a riddle: a company with a market cap of nearly a billion, yet net income in the red, its revenues a flickering flame.
On November 10, 2025, Hillsdale Investment Management Inc. filed with the SEC that it had acquired 1,738,825 shares of SSR Mining Inc., a move that cost them roughly $42.45 million. For context, that’s about what my sister paid for her “investment” in a NFT of a dancing cat. But unlike her cat, SSR Mining actually produces something: gold, silver, copper, and the occasional lead balloon.
According to the filing, a sort of bureaucratic communiqué sent to the SEC, Turiya Advisors spruced up their portfolio with the addition-brilliantly timed or merely coincidental, depending on your outlook-of 5,644,900 GALAXY-sized shares. As a matter of fact, as of the quarter’s close, their holding was valued at a tidy $115.66 million, gobbling up over a third of their total U.S. equities pie, which in round figures is about $378 million-enough to buy a small island, or at least a rather comfortable yacht to sail away from the market’s idiocies.
The ProShares – UltraPro QQQ ETF (TQQQ 7.15%) is an instrument of audacity, with its threefold leverage and its steely focus upon the technology sector-glittering, ever-shifting, yet prone to sudden falls. In contrast, the ProShares – Ultra S&P 500 ETF (SSO 3.07%) operates more serenely, harnessing only two times leverage and tracking the S&P 500, a broader, more familiar landscape. Less flamboyant, one might say, but more stable in its rhythms, its broad reach encompassing industries far and wide.
Both the iShares 3-7 Year Treasury Bond ETF (IEI +0.12%) and the Vanguard Intermediate-Term Treasury ETF (VGIT +0.13%) aim to give investors exposure to U.S. Treasury bonds with moderate interest rate risk. While they share a similar investment universe, their approaches and fee structures create some meaningful differences worth considering for those comparing the two.
Bain’s third-quarter filing with the SEC reads like a reality show script. They bought 520,310 shares of Cidara, turning their position into a $289.29 million stake. For context, that’s roughly the price of a modest island in the Caribbean-or, you know, a small biotech acquisition. The $167.48 million gain? That’s not a typo. That’s Wall Street’s version of a “slay” reaction. 💅
The numbers are tidy: $13.4 million, 3.4% of their U.S. equity assets, a new position that’s now just outside their top five holdings. But here’s the thing about contrarians-they don’t just follow trends; they wait for the moment when the trend is no longer a trend. Baidu, once a mere search engine, is now a cloud-based AI juggernaut, its ERNIE models humming like a well-tuned symphony. I can almost hear the fund managers whispering, “This isn’t the same Baidu we knew. This is the one that’s finally figured out how to be relevant.”
Beta: The soul-screaming volatility of tech. The 1-yr return: A fleeting glance at the rollercoaster of your portfolio.
Both funds claim to own the entire U.S. equity market-large, mid, and small-cap stocks, stitched together with the same thread of low cost. Yet the gulf between them is not in what they hold, but in how they hold it. VTI, with its 3,598 stocks and 24.5-year track record, is a machine honed by time. ITOT, with 2,497 stocks, is a capable workhorse, but its wheels lack the grease of VTI’s scale. The question is not which is better, but which is more likely to outlast the next crisis.
The numbers dance thus: 115,000 shares, once held in indirect trust, now exchanged for liquid promise. His remaining holding of 859,709 shares, valued at $52.4 million, remains substantial – a testament to enduring faith in Karman’s iron and composite bones. The sale price, $58.63 per share, kissed the closing market quote like a lover’s farewell.