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The filing, dated September 30, revealed that Signet’s stake now accounts for 3.5% of Summit Street’s $729 million in reportable U.S. equity assets. It is one of 30 holdings, a modest figure in a portfolio that leans toward technology’s flickering lights. Yet here, in the jewelry sector’s slow-moving tides, the fund has placed its bet. The shares, acquired at $95.80 apiece, now sit at $86.34, a price that whispers of stagnation and the S&P 500’s distant, ascending shadow.

According to an SEC filing dated November 14, 2025, Prentice boosted its JetBlue stake by 1,542,959 shares during the third quarter. The post-trade position now totals 2,276,428 shares, valued at $11.2 million as of September 30, 2025. For context, that’s roughly 17.1% of the fund’s 13F assets under management-a sizeable chunk, akin to putting a third of your savings into a single, slightly wobbly investment.

From the quiet dawn of November’s SEC filing, it is plain that these investors see something others might overlook-a flicker amid the endless, grinding cycle of oil and steel. Weatherford, with its quiet promise of machinery and mastery-deep in the subterranean earth, turning crude into flow-became the vessel of a new hope. Their addition, a stake of almost four percent of their reported assets, hints at a belief that beneath the dust of underperformance, a different story may yet take shape-one read in margins, in subtle shifts, in the patience of those who understand the language of the rock and the rig.

THE SEC FILING ON NOVEMBER 12, 2025, IS A DOCUMENT OF HUMAN FRAILTY. RICHMOND, THAT COLD, CALCULATING MACHINE OF CAPITAL, SOLD ITS WAY OUT OF SDVY, LEAVING IT AS THE TENTH-LARGEST HOLDING IN ITS PORTFOLIO. THE TOP FIVE? A LIST OF FUNDAMENTALIST FANTASIES: IWL, SPYM, MOAT, QQQ, AND VNLA-ALL DANCING TO THE SAME S&P 500 DRUM. BUT HERE’S THE KICKER: SDVY IS NOW 1% BELOW ITS 52-WEEK HIGH, A SLUMP THAT FEELS LIKE A MUGSHOT OF DISAPPOINTMENT.

The month was characterized by growing skepticism surrounding the AI sector’s valuation. While Nvidia continues to benefit from its role as a key supplier to AI infrastructure, the broader market is grappling with concerns about the economic viability of AI-driven capital expenditures. The company’s dominance in chip manufacturing remains unchallenged, yet investors are increasingly scrutinizing the long-term demand for its products.

Now, Tesla’s role as the pioneer of electric mobility is less about altruism and more about avarice cloaked in eco-friendly rhetoric. Its electric vehicles (EVs), hailed as the planet’s salvation for years, have encountered rising cliques of rivals and a tightening purse-string from the government. Yet, it’s the tantalizing promise of autonomous taxis-robots that might one day chauffeur us with a nonchalant shrug-that keeps investors swooning and the stock allegedly valued at a dizzying 200 times its forward earnings. Ah, the intoxicating scent of disruptive potential, where market dominance is as certain as the sun rising in the east, or so they’d like us to believe.