Chime’s Wobble: A Fund’s Funny Little Prune

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Now, listen here. Old Napean Trading & Investment – a perfectly respectable bunch, mostly – decided to offload a chunk of Chime Financial. A rather substantial chunk, actually. Four hundred and forty-nine thousand, nine hundred and eighty-one shares, to be precise. That’s about $9.56 million worth of Chime, vanished into the ether like a magician’s rabbit. Happened on February 13th, 2026, if you’re keeping score. A curious business, wouldn’t you say?

What’s Been Going On?

Seems Napean, in their infinite wisdom, trimmed their Chime holdings. Down from a respectable pile to a measly 11,878 shares. They’re left with a bit of pocket change, really. Based on the average price in the last three months of 2025, the sale amounted to roughly $9.56 million. It’s like taking a handful of sweets from a very large jar – you still have plenty, but the jar looks a bit emptier, doesn’t it?

And What Else Should You Know?

  • After this little trim, Chime only makes up 0.06% of Napean’s total hoard. A rather insignificant crumb, wouldn’t you agree?
  • Here’s what Napean does like, apparently:
    • NASDAQ: HOOD: $118.73 million (a whopping 23.1% of their loot!)
    • NASDAQ: NAVN: $100.33 million (19.5% – they’re rather fond of this one)
    • NASDAQ: AVGO: $21.08 million (a decent stash)
    • NASDAQ: BLLN: $19.10 million (not bad, not bad at all)
    • NASDAQ: LRCX: $18.07 million (a respectable pile)
  • As of February 13th, 2026, Chime’s shares were wobbling around at $19.69. A good 27% below the price they dared ask for them back in June. A bit of a tumble, wouldn’t you say?
  • Previously, Chime was a much more significant piece of Napean’s pie – 1.8%, to be exact. Now? A mere speck.

A Bit About the Company

Metric Value
Price (as of market close 2/13/26) $19.69
Market Capitalization $7.38 billion
Revenue (TTM) $2.07 billion
Net Income (TTM) ($984.77 million)

What is Chime, Anyway?

  • Chime offers banking services for folks who prefer doing things on their phones. No fees, easy access to your money, and a bit of protection if you overspend.
  • They make their money from small fees charged to merchants when people use their debit cards. A clever little scheme, really.
  • They target people who earn less than $100,000 a year. The underserved, you see. A noble cause, perhaps, but profitability remains a bit of a puzzle.

Chime, you see, is a fintech whizbang. They serve a mountain of customers and employ a sizable workforce. They’ve built a digital empire based on accessibility and convenience. But all the whizbangery in the world won’t matter if they can’t turn a proper profit.

What Does This Mean For You, The Investor?

When a fund starts shedding a position, it’s like watching a dog abandon a particularly unappetizing bone. Napean reducing their Chime stake from 1.8% to a measly 0.06% suggests they’ve found shinier toys to play with – Robinhood and Navan, mostly. They’re becoming rather selective with their fintech investments, you see.

Now, Chime isn’t exactly standing still. Revenue rose 29% last quarter, reaching $543.5 million. Their gross margin is a healthy 87%, and they’ve gained 21% more active members, bringing the total to 9.1 million. Purchase volume climbed 15% to $32.3 billion, and they even managed a positive adjusted EBITDA of $28.8 million. But…and it’s a rather large ‘but’…they still lost $54.7 million. Worse than last year’s loss of $22 million! Scale, it seems, doesn’t automatically guarantee success.

Shares are currently trading around $19.69 – a full 27% below their initial offering price. For those who believe in the long game, it’s not about these little quarterly trims. It’s about whether Chime can actually turn a profit and control its expenses. Only time will tell if this fintech can earn back the confidence of investors. And, frankly, I wouldn’t bet my best hat on it.

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2026-02-14 20:05