In the quiet corners of São Paulo, Absolute Gestao de Investimentos placed a wager on Chart Industries (GTLS 0.04%), acquiring 440,746 shares valued at $88.22 million, per a November 13 SEC filing. One might call it a bet, though the dice are heavy with industrial ambition and the faint scent of hydrogen.
What Happened
Absolute Gestao de Investimentos, a name that suggests order yet whispers of chaos, revealed a third-quarter stake in Chart Industries (GTLS 0.04%). The position, worth $88.22 million as of September 30, was disclosed in a filing that arrived like an uninvited guest. The fund, which reported $769.14 million in U.S. assets, now holds 35 equity positions-each a thread in a tapestry of global macro themes.
What Else to Know
This stake constitutes 11.47% of the fund’s 13F reportable assets-a figure that suggests confidence, or perhaps a stubbornness that borders on poetry. The top five holdings read like a ledger of modern anxieties: cybersecurity, emerging markets, and the ever-elusive promise of energy transition.
- NASDAQ: CYBR: $92.23 million (12.19% of AUM)
- NYSEMKT: EEM: $89.72 million (11.85% of AUM)
- NYSE: GTLS: $88.22 million (11.66% of AUM)
- NYSEMKT: EWZ: $48.85 million (6.45% of AUM)
- NASDAQ: EMXC: $48.27 million (6.38% of AUM)
As of Friday, Chart Industries traded at $205.85, a price that has advanced a mere 5% over the past year-while the S&P 500, that sly old fox, strolled ahead by 15%. The company’s market cap of $9.25 billion, meanwhile, sits like a clock frozen at midnight, its hands trembling with the weight of pending decisions.
Company Overview
| Metric | Value |
|---|---|
| Price (as of Friday) | $205.85 |
| Market Capitalization | $9.25 billion |
| Revenue (TTM) | $4.29 billion |
| Net Income (TTM) | $66.70 million |
Company Snapshot
- Chart Industries designs equipment for energy and industrial gas sectors-cryogenic tanks, heat exchangers, and the like. Its offerings span hydrogen, LNG, biogas, and CO2 capture, all with the air of a man who believes he’s saving the world.
- The company sells capital equipment, process technology, and aftermarket services, with four segments that feel like chapters in a novel no one finished reading.
- Customers include industrial gas producers and energy companies, the latter of whom seem to be investing in Chart’s future even as its stock price hesitates.
Chart Industries, Inc. provides engineered solutions for energy and industrial gas markets, though one might argue that the real solution is patience. Its cryogenic expertise and global service network are fine things, yet they cannot warm the cold truth of a stock that has not danced with momentum.
Foolish Take
What interests the dividend hunter here is not the stock’s recent performance, but the quiet conviction of a fund willing to allocate 11% of its U.S. equity assets to a single industrial name. Such concentration suggests a belief in fundamentals, not fleeting trends. And yet, there is the matter of the pending Baker Hughes acquisition-a $210-per-share offer that hangs over Chart like a question mark. One wonders whether the fund’s bet came before or after this development, but either way, the deal adds a faint glimmer to an otherwise dim landscape.
Chart Industries, for all its talk of energy transition and decarbonization, is a company caught in the tension between aspiration and execution. Its Q3 orders surged 44% to $1.68 billion, and its backlog now exceeds $6 billion. Yet these figures are shadowed by GAAP losses tied to merger costs, while adjusted operating margins climbed to 23%-a number that feels both triumphant and quietly mournful, like a man counting coins in a storm.
This investment aligns neatly with the fund’s broader bets on global growth and emerging markets. Chart’s equipment touches energy security and electrification, which explains its comfortable adjacency to ETFs and cybersecurity holdings. But what of the dividend hunter? Will this stake yield steady returns, or is it another chapter in the long, slow unraveling of industrial dreams?
Glossary
13F reportable assets: Assets that institutional investment managers must disclose quarterly to the SEC, showing U.S. equity holdings.
Assets under management (AUM): The total market value of investments managed on behalf of clients by a fund or firm.
Net position change: The difference in the number or value of shares held in a security after a trade or series of trades.
Stake: The ownership interest or investment a fund or investor holds in a particular company.
Holding: A specific security or asset owned within a fund or investment portfolio.
Outperformed: Achieved a higher return compared to a specified benchmark or index over a given period.
Market capitalization: The total value of a company’s outstanding shares, calculated as share price times shares outstanding.
Cryogenic: Related to very low temperatures; in industry, refers to equipment or processes involving liquefied gases.
Aftermarket services: Support and maintenance provided for products after their initial sale, including repairs, upgrades, or spare parts.
Process technology: Specialized equipment and methods used to transform raw materials into finished products in industrial settings.
Energy transition: The global shift from fossil fuels to cleaner, renewable energy sources and technologies.
TTM: The 12-month period ending with the most recent quarterly report.
Read More
- Calumet’s Exit: A $7M Omen for the Struggling
- D-Wave Quantum Stock: A Curious Rise in the Tech Cosmos
- VOO vs. QQQ: A Skeptic’s Gaze at Stability and Growth
- Is Kraken’s IPO the Lifeboat Crypto Needs? Find Out! 🚀💸
- 🚀 XRP’s Great Escape: Leverage Flees, Speculators Weep! 🤑
- Actor James Ransone Has Passed Away, Age 46
- Umamusume: How to unlock outfits
- Inflation Dip Sparks Fed Rate Cut Hopes, But Data Flaws Loom
- Sanctions Turn Russia’s Crypto Ban into a World-Class Gimmick! 🤑
- XRP Outruns Bitcoin: Quantum Apocalypse or Just a Crypto Flex? 🚀
2025-12-28 21:34