tag and not repeated in the body. So generate a new title in the same spirit. Also, handle the emojis carefully-only one at the end. The original ends with a paragraph, so add an emoji there. Maybe a gas flame or something related to stability. Check the parameters again: HTML format, retain shortcodes and images, no tags, no color styles. The title must be in the tag and not as a header in the body. Make sure all images are in place and shortcodes like [ ] are retained. Deepen the analysis by adding insights from a portfolio manager’s perspective, emphasizing why stability is crucial, especially in volatile markets. Use Pratchett’s witty footnotes to explain concepts like AUM or regulated utilities in a humorous way. Avoid template-like content. Ensure the rewritten article flows naturally, integrating the fantasy elements without making it feel forced. For instance, when talking about Atmos Energy’s infrastructure, describe it as a vast network of enchanted pipes that defy replication. Finally, proofread for any markdown and ensure the HTML structure is correct. Add the emoji at the end inside a tag. Let me start structuring the HTML with the new title, then weave in the Pratchett-esque humor and portfolio management insights.End of Thought (16.09s) The Discworld of Stable Gas: Atmos Energy’s Quiet Triumph ¹ This is not a joke. The Guild of Alchemists and Venture Capitalists does exist, though it meets in a different time zone. ² Chaos, in this context, refers to both market turbulence and the general state of being human. ³ Fewer problems, more profits-though the two rarely align in practice. ⁴ The Grand Inquisitor of Financial Transparency is known for their fondness of paperwork and disdain for ambiguity. ⁵ NFT-based ponies are not recommended for investment. They may dissolve into pixels during a market downturn. ⁶ Dwarven engineers are notoriously picky about pipeline efficiency. Atmos Energy’s network passes their inspections with flying colors. ⁷ The Ministry of Infrastructure and Common Sense is currently under renovation. ⁸ Dragons, it should be noted, are not real. Yet. ⁹ Spiders, on the other hand, are very real and occasionally envious of human achievements.

On October 17, 2025, the Guild of Alchemists and Venture Capitalists (Paradiem, LLC) disclosed a new position in Atmos Energy, acquiring 86,407 shares for approximately $14.75 million.¹ This transaction, equal to 3.44% of their reportable U.S. equity assets under management, suggests the alchemists have decided to hedge against the chaos of the Unseen Market of Risky Things by investing in something that doesn’t explode.²

As of September 30, 2025, Atmos Energy’s stake remains 86,407 shares, valued at the same $14.75 million. The fund now holds it at 3.44% of AUM, just outside the top five holdings-perhaps because the other investments were too busy chasing rainbows made of cryptocurrency.³

What happened

According to a filing with the Office of the Grand Inquisitor of Financial Transparency (SEC), Paradiem established this position in Atmos Energy. The firm purchased the aforementioned shares, with the trade estimated at $14.75 million. Post-quarter, the fund reported 68 total positions-fewer than the number of problems one might solve by simply asking a regulator for permission.⁴

What else to know

This is a new position for Paradiem, representing 3.44% of its reportable U.S. equity assets under management. The top holdings after the filing include:

LRCX: $27.44 million (6.4% of AUM)
TEL: $19.53 million (4.55% of AUM)
VLO: $17.87 million (4.17% of AUM)
LMT: $16.13 million (3.76% of AUM)
CAT: $15.79 million (3.7% of AUM)

As of October 17, 2025, Atmos Energy shares traded at $176.41, up 22.7% year-to-date. This outperformance of the S&P 500 by 11.27 percentage points suggests the market has finally realized that regulated utilities are less likely to vanish into the ether than NFT-based ponies.⁵

Company Overview

Metric	Value
Price (as of market close October 17, 2025)	$176.41
Market Capitalization	$28.32 billion
Revenue (TTM)	$4.62 billion
Net Income (TTM)	$1.16 billion

Company Snapshot

Atmos Energy operates in the Realms of Regulated Utility, where it delivers natural gas with the enthusiasm of a well-practiced ritual. Its 71,921 miles of underground distribution and transmission mains (as of 2021) form a network so intricate it could make a dwarven engineer weep.⁶

The company serves three million customers across eight states, ensuring that even in the darkest of economic winters, people can keep their homes warm. This is not just business; it’s a public service, funded by predictable returns and the occasional nod of approval from the Ministry of Infrastructure and Common Sense.⁷

Foolish take

Paradiem’s investment in Atmos Energy is a masterclass in the art of not burning your portfolio to the ground. In a world where investors chase the next big thing (which is often a pyramid scheme disguised as innovation), Atmos Energy offers the quiet joy of knowing your dividends won’t evaporate like a dragon’s sneeze.⁸

Its business model is as simple as it is effective: build a moat of infrastructure so deep and wide that competitors would rather try to dig their own moat (which they can’t afford) than compete. With a dividend that rises like a well-timed toast and a network of pipelines that would make a spider envious, Atmos Energy turns predictability into performance.⁹

For long-term investors, this is the Discworld equivalent of a well-stocked larder. It doesn’t promise riches in a day, but it ensures you’ll never go hungry. And in a market where volatility is the new normal, that’s the kind of magic worth investing in. 🔥

Glossary

Stake: The ownership interest or investment a fund or individual holds in a company.
Assets Under Management (AUM): The total market value of investments managed by a fund or investment firm.
Regulated Utility: A company whose prices and operations are overseen by government agencies to ensure fair service.
Distribution (natural gas): The process of delivering natural gas from pipelines to end customers, such as homes and businesses.
Pipeline Services: Services related to the transportation and management of energy products through pipelines.
Ancillary Services: Additional services provided by utilities beyond their primary function, often supporting reliability and infrastructure.
Position (in a fund): The amount of a particular security or investment held by a fund or investor.
Outperforming: Achieving a higher return or better performance than a benchmark or comparable group.
TTM: The 12-month period ending with the most recent quarterly report.
Transmission Mains: Large pipelines that transport natural gas over long distances to distribution networks.
Public Authority Customers: Government or municipal entities that purchase services from a utility.
Resilient Business Model: A company structure designed to maintain stable performance despite economic or market changes.

tag and not repeated in the body. So generate a new title in the same spirit. Also, handle the emojis carefully-only one at the end. The original ends with a paragraph, so add an emoji there. Maybe a gas flame or something related to stability. Check the parameters again: HTML format, retain shortcodes and images, no tags, no color styles. The title must be in the <title> tag and not as a header in the body. Make sure all images are in place and shortcodes like [ ] are retained. Deepen the analysis by adding insights from a portfolio manager’s perspective, emphasizing why stability is crucial, especially in volatile markets. Use Pratchett’s witty footnotes to explain concepts like AUM or regulated utilities in a humorous way. Avoid template-like content. Ensure the rewritten article flows naturally, integrating the fantasy elements without making it feel forced. For instance, when talking about Atmos Energy’s infrastructure, describe it as a vast network of enchanted pipes that defy replication. Finally, proofread for any markdown and ensure the HTML structure is correct. Add the emoji at the end inside a tag. Let me start structuring the HTML with the new title, then weave in the Pratchett-esque humor and portfolio management insights.End of Thought (16.09s) <title>The Discworld of Stable Gas: Atmos Energy’s Quiet Triumph

¹ This is not a joke. The Guild of Alchemists and Venture Capitalists does exist, though it meets in a different time zone.
² Chaos, in this context, refers to both market turbulence and the general state of being human.
³ Fewer problems, more profits-though the two rarely align in practice.
⁴ The Grand Inquisitor of Financial Transparency is known for their fondness of paperwork and disdain for ambiguity.
⁵ NFT-based ponies are not recommended for investment. They may dissolve into pixels during a market downturn.
⁶ Dwarven engineers are notoriously picky about pipeline efficiency. Atmos Energy’s network passes their inspections with flying colors.
⁷ The Ministry of Infrastructure and Common Sense is currently under renovation.
⁸ Dragons, it should be noted, are not real. Yet.
⁹ Spiders, on the other hand, are very real and occasionally envious of human achievements.

2025-10-28 06:49