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The aforementioned SEC filing, dated February 18, 2026 – a date which, incidentally, will be remembered by future historians for… well, nothing in particular, most likely – reveals that Hershey Financial Advisers effectively abandoned ship. They’ve traded potential “fallen angel” gains for something… safer. It’s a move reminiscent of a seasoned gambler suddenly taking up competitive knitting. One wonders if they foresaw a coming storm, or merely decided the returns weren’t worth the bother. The truly cynical among us would suggest they simply found a more profitable scheme.

They say you can put a thousand dollars to work here. A thousand dollars! Like that’s going to solve anything. It’s barely enough to cover the late fee on my cable bill. But fine, let’s play along. Let’s pretend a thousand dollars is a significant investment.

The filings from February 24th tell a simple story. Astoria didn’t rush in, didn’t make a spectacle. They added to what they held, a methodical increase in their stake within the bank ETF. That $2.68 million purchase, combined with the slow rise of the market, brought the total value of the position up by another $3.10 million. It’s the kind of growth that doesn’t break headlines, but it sustains.

The filing itself, a document bound by regulation and devoid of explanation, merely stated the fact. Alternative Investment Advisors no longer held a stake. The position, previously constituting 1.4% of their managed assets, had been systematically unwound. One imagines a clerk, somewhere within the labyrinthine structure of the firm, methodically executing the order, each keystroke a small act of finality. The fund’s portfolio, subsequently, revealed a preference for the predictable solidity of broad-market index funds – IVV, DYNF, OEF – and the even more reassuring weight of BINC. These were not investments, but anchors, designed to resist the currents of change.

To ask if this is a moment to partake is to ask if the seed, though belated in its sprouting, possesses the strength to weather the inevitable storms. Let us consider the landscape.

These figures, dry as dust, conceal a curious narrative. The price, a respectable eighty-eight dollars per share, hovered near the market close of eighty-seven and seventy-six. One notes, with a slight raising of the eyebrow, that Semtech, in the preceding year, had enjoyed a total return of thirty-eight and three-tenths of a percent. A robust performance, to be sure, though one wonders if such exuberance is built upon foundations of…well, let us say, unusually optimistic accounting.

The filing with the Securities and Exchange Commission confirms the acquisition. Hahn Capital, it appears, now holds approximately 2.49% of CoreCivic’s equity. A significant commitment, or merely a rounding error in a larger portfolio? One is left to wonder if a thorough risk assessment was conducted, or if a dartboard was involved.

The current theory, as I understand it (and frankly, it changes hourly), is that companies are either going to build everything themselves (ambitious, but good luck with that) or AI is going to make all existing software redundant. Every time Anthropic announces something new with Claude, which apparently writes code better than most humans I know, SaaS stocks take a tumble. It’s a bit unsettling. I keep imagining a future where robots are running everything and I’m…well, I haven’t quite worked that part out yet.

The appeal of USD Coin lies in its grounding – a direct tether to the tangible assets of cash and United States Treasury obligations. This, in a world increasingly enamored of ethereal promises, is not insignificant. Many other such ‘stablecoins,’ as they are called, rest upon foundations of…shall we say, questionable solidity. Their claims of equivalence to the dollar are held aloft by hope and clever accounting, a precarious edifice easily toppled by a gust of skepticism. Circle, at least, offers the reassurance of something real beneath the digital surface.

He bought 2.67 million shares. Zero before, now… well, now there are 2.67 million. It’s over 11% of his Pershing Square portfolio. A large chunk. People are always looking for clues, for signals. Maybe this is one. Maybe it’s just a man making a bet. It often comes down to that, doesn’t it?