Post-purchase, RDVY’s weight in the portfolio sits at 4.7%, trailing behind QQQ (7.3%), VOO (6.9%), and AAPL (5.9%). The ETF’s price, $67.00, has risen 11.9% year-over-year-impressive, if you ignore the S&P 500’s 15.18% surge. And yes, the dividend yield of 1.30% feels like a whisper in a world of shouting. But remember, history favors the patient. Or, as one monk once said: “Dividends are the slow drip that carves canyons.” 🏞️
THE SEC FILINGS CAME IN LIKE A BULLET TO THE HEAD. JARISLOWSKY FRASER LTD. SLIPPED INTO RB GLOBAL DURING THE THIRD QUARTER, A 1.8-MILLION-SHARE STAKE THAT SOUNDS LIKE A BURGER MEAL FOR A HUNGRY FUND. THE AVERAGE PRICE? $100.58. THE FUND HADN’T OWNED A SINGLE SHARE LAST QUARTER. IT’S LIKE THEY WERE WAITING FOR THE RIGHT MOMENT TO PULL THE TRIGGER.
The filing, a parchment etched with the ink of quarterly averages, reveals a pattern: Cadinha’s stake in General Electric (GE +2.09%) swells to 97,280 shares, valued at $29.3 million. To the uninitiated, this is a ledger entry. To the connoisseur of markets, it is a reflection in a mirror that reflects no end. For what is a stock price if not the sum of all expectations, a recursive echo of supply and desire?
In the third quarter, the entity reduced its position by approximately 221,600 shares, a gesture toward equilibrium in the face of an ascending stock price. The valuation, derived from an average closure, amounted to $30 million. Post-transaction, the fund retained 4.9 million shares, their cumulative worth hovering at $722.4 million-a figure that, in the grand design of the system, seemed neither excessive nor insufficient.
On October 21, 2025, the aforementioned firm filed paperwork with the SEC revealing a rather enthusiastic acquisition spree. Their holdings in Atlantic Union now total 504,420 shares-worth $17.80 million, though one suspects the accountants might prefer not to dwell on the math. The transaction, priced at an average Q3 2025 closing rate, might be described as “bold” if one avoids adjectives like “quixotic.”
Transaction value: 2.55% of AUM. A small number, certainly, but in a system where individuality is smothered under the weight of algorithmic consensus, such acts of measured acquisition read like quiet acts of dissent.
the tale of Remitly is far from over.
a day the market’s pendulum swung between hope and hunger.
This divestment has adjusted Chevron’s standing within Fourpath’s portfolio, now comprising 0.56% of its 13F AUM. One might infer that the fund’s affections for Chevron, though diminished, remain intact, for its top holdings post-filing include WMT, IAU, TUA, XOM, and CGDV, each a paragon of their respective domains.
As per the SEC filing dated October 21, 2025, Generali Asset Management SPA SGR augmented its stake in UBS by roughly 381,000 shares. This transaction, estimated at $14.78 million based on the quarter’s average price, elevated its total holdings to approximately 2.3 million shares, valued at $76.00 million as of the quarter’s close.