Right. So, another day, another fund manager making a move. Prentice Capital, apparently, has decided to take a punt on Opendoor Technologies. 553,000 shares. Honestly, it’s all a bit…much. Like deciding you’re going to run a marathon after a particularly large slice of cake. I mean, are they being clever, or are they just…optimistic? It’s February 17th, 2026, for the record. Important to document these things, isn’t it?
A Brief Digression (and a List)
It seems they acquired these shares in the last quarter. A cool $3.22 million, apparently. Which, when you think about it, is roughly the cost of a small island. Or, you know, a really good kitchen renovation. I’m currently debating between the two. Anyway, the value of the stake also increased by $3.22 million. Which is…encouraging? Or just a temporary blip? It’s so hard to tell. I’ve started a list:
- Things I Understand: Coffee.
- Things I Don’t Understand: Algorithmic Trading.
- Things I Suspect I Don’t Understand: Opendoor’s Business Model.
What Prentice Seems to Like (or Tolerate)
Apparently, this Opendoor thing represents 5.1% of Prentice’s U.S. equity holdings. Which, proportionally, is like deciding to dedicate 5.1% of your wardrobe to sequined jumpsuits. A commitment, certainly. Their top holdings, as of December 31st, 2025, are, shall we say, interesting. Snap ($8.83 million), Groupon ($8.76 million), NN ($8.45 million)… It’s a bit like collecting forgotten relics. JBLU and PTON are also in the mix. I’m sensing a pattern here. A fondness for companies that…well, let’s just say they’ve seen better days.
The Numbers (Because We Have to)
As of February 17th, shares were at $4.33. Up 179.4% over the past year. Which is…impressive, I suppose. Outperforming the S&P 500 by 173.24 percentage points. But then, a particularly enthusiastic hamster could outperform the S&P 500 on a good day. Here’s a handy table, for those who enjoy that sort of thing:
| Metric | Value |
|---|---|
| Price (as of market close 2026-02-17) | $4.33 |
| Market Capitalization | $4.13 billion |
| Revenue (TTM) | $4.37 billion |
| Net Income (TTM) | ($1.30 billion) |
What Is Opendoor, Anyway?
They buy and sell houses, apparently. Digitally. With title insurance and escrow thrown in for good measure. It sounds…complicated. They aim to streamline the whole process. Which is admirable, I suppose. They target people who want a “technology-driven real estate experience.” Which, frankly, sounds terrifying. I prefer a human being when I’m making life-altering decisions, thank you very much.
My (Slightly Cynical) Take
Prentice Capital seems to have a thing for companies that are…underdogs. Like a dog that keeps trying to fetch a stick that’s clearly stuck in a tree. They’ve gone so far as to open two different lots of stock options in Opendoor. Which suggests they expect something to happen. But what? That’s the million-dollar question, isn’t it?
Apparently, Opendoor had a moment on Reddit’s WallStreetBets last year, thanks to heavy short interest. Meme stock territory. It spiked, then pulled back. And then Prentice bought shares. It’s all very…messy. Like my apartment. I suspect it means very little. But then, what do I know? I’m just a woman with a laptop and a growing sense of unease.
Will this investment pan out for Prentice? Who knows. I suspect we’ll all be watching and waiting. And probably drinking a lot of coffee.
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2026-02-24 01:42