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.
The SEC’s Form 13F, that venerable document of financial transparency, reveals a reduction in shares, yet the fund still holds a princely sum of $62.95 million in Newmont-a testament to the enduring allure of gold, even when its price is as volatile as a poet’s heart. The trade, calculated at an average closing price, appears less a betrayal than a calculated adjustment, akin to a gardener pruning a rosebush to encourage future blooms.
Shrouded in the corporate veil, Generali’s decision to trim its holdings in Agnico Eagle became apparent through the SEC document – a reduction that placed its stake at 349,679 shares, valued at a modest quarter-end market worth of $67.49 million. Evidently, fortunes are made and unmade within blinkered windows of opportunity, as the once firm grasp on gold began slipping away, descending from a 1.72% to a mere 1.44% of its reportable AUM as of September 30, 2025.
Units of Stress Accumulated Today: 7. Hours Spent Parsing SEC Filings: 2. Number of Times I Whispered “Just tell me if this is good news” to my cat: 4.
On the seventh day of October, 2025, an SEC filing-more cryptic than a jester’s riddle-revealed that Keystone had sold the majority of its once-coveted shares in TD Bank, reducing its stake from a robust 118,799 shares (valued at a staggering $8.7 million) to a mere 4,104 shares, barely worth the princely sum of $328,000. A sum that, when compared to their former holdings, appears as fleeting as a daydream in the marketplace of ambition.
The acquisition of 338,154 shares, a figure both precise and profound, marks a new chapter in Paradice’s portfolio. It is a venture into the realm of industrial flow management, where the machinery of progress hums with the rhythm of pumps, valves, and seals. Flowserve, a company whose operations span the globe, offers not just products but the very lifeblood of industries-oil, gas, chemicals, and power. Yet, in the grand scheme of things, this act of investment is but a single note in the symphony of global finance, a note that, when played in concert with others, may shape the future.
Let’s consult our handy-dandy time machine (patent pending) and travel back to October 7, 2025 – a day that will live in financial infamy. Northside waved their wand over EOG during Q3 2025, conducting a sale that would make a used car salesman blush. The market price? A mere $110.45 per share – cheaper than a Houston diner’s steak special!
The fund’s decision to divest its entire holding in Palomar Holdings during Q3 2025 speaks to the cold arithmetic of portfolio management. With shares trading at $115.34-a 9.2% gain year-to-date but trailing the S&P 500 by 5.5 percentage points-the move reads less as a verdict on the company’s future and more as a rebalancing of risk. Yet for the workers who service Palomar’s earthquake and hurricane policies, such shifts often arrive like thunder in a field of wheat: sudden, loud, and indifferent to their labor.
On October 20, 2025, the SEC’s Form 13-F received a confession: Prentiss Smith had courted Progressive’s equity during its brief sulk. The filing-a parchment of intention-revealed a transaction of particular arithmetic elegance. One might imagine the fund’s quants as Borgesian archivists, cataloging securities in a library of endless decimal expansions.