The day’s dance was choreographed by the erratic pulse of Venezuela’s oil market, where the tides turned swiftly, embracing the prelude of an oilfield-services renaissance. Investors stood vigil, their eyes fixed on the horizon, awaiting SLB’s upcoming revelations that would hint at the spending whims of 2026.
The firm reported ownership of 135,360 shares, representing an estimated $6.88 million position as of September 30, according to a filing with the Securities and Exchange Commission dated November 13.
According to the sacred scrolls of the SEC, our guild’s ledger now shows a 475,844-share reduction in QYLD during the fourth quarter. The value of this alchemical exchange-$8.28 million-was calculated using the quarterly average price, a method as precise as a blindfolded squirrel tossing acorns into a well.² 2 Or, as the Unseen University of Coders might say, “a guess with confidence and a spreadsheet.”
Per an SEC filing that probably took six interns and a caffeine IV to complete, these geniuses now hold 287,198 UITB shares totaling $13.65 million. Let’s just ignore the fact that this makes UITB their second-largest holding. I mean, who needs growth when you can have a 3% annual return that even my grandmother’s CD account could beat with a nap?
According to the parchment-stained scrolls of Monday’s SEC filings, Kopion’s stake in Magnite swelled by 367,858 shares quarter-over-quarter. Using the average closing price from the fourth quarter-because markets, like wizards, prefer to obfuscate-the transaction’s value is roughly $6.11 million. The fund now holds 614,459 shares, with the position’s total value climbing by $4.60 million, a sum that includes both new purchases and the alchemy of price fluctuations. [1]
This comparative analysis, then, is less a matter of financial alchemy and more a gentle nudge toward self-awareness. After all, the true art lies not in choosing the “best” ETF but in recognizing that markets are a dance of chaos and hubris, and no fund can outwit the weather.
The filing, dated November 19, marked a subtle withdrawal from PDBC, leaving 43,563 shares worth $585,051 as of September 30. It was a shadow shrinking under the sun of equity markets, where the S&P 500 had bloomed with 16% gains while commodities, like stubborn ivy, clung to a mere 3% ascent. The fund now occupies 0.09% of reportable assets-a whisper in the cacophony of equities and gold.
In an epistolary reflection penned in 1957, Buffett introduced a numerical dichotomy – a 70% allocation to stocks countered by 30% dedicated to what he termed “corporate work-outs.” He elucidated this concept as an investment reliant upon specific corporate machinations, rather than the nebulous ascent of stock prices in undervalued realms. Such transactions-mergers, liquidations, and tenders-are akin to the intricate movements in a chess match, where foresight and strategy dictate victory.
As recorded in the sacred scrolls of the SEC, this act of acquisition swelled Samson Rock’s holdings to 52,983 shares-a testament to belief, or perhaps desperation. The minds of men, ever eager to discern patterns in chaos, saw in this acquisition a beacon of certainty. Yet one must ask: What specter of doubt haunts those who place nearly 39% of their reportable assets into a single enterprise? The numbers themselves whisper contradictions: a quarter-end position bloated by $9.14 million through the alchemy of price fluctuations, even as the company’s ledgers reveal a net loss of $226.92 million over trailing twelve months.
Yet, as the seasons turn, so too shall the tides. The U.S. economy, though still a paragon of resilience, bears the faint etchings of fissures-subtle fractures that hint at a future where the underdog may yet rise. The environment for small caps remains a tempest of uncertainty, yet within its chaos lies a potential as tantalizing as it is treacherous.