Catapult (CAT) has had a phenomenal run with the prevailing weight of our position now well in excess of the 4% target. We are reinforcing the 4% target today, trimming back accrued capital gains.
MM is trimming CAT in the Emerging Companies Portfolio, reinforcing our 4% target weight
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HMC Capital (HMC) has been very weak, however, we believe the model is not broken, and confidence will resurface. Given weakness, the prevailing weight of our position is now well below the 4% target (nearer 2%). We are reinforcing the 4% target today, adding to the position.
MM is adding to HMC in the Emerging Companies Portfolios– reinforcing a 4% portfolio target weight
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The takeover of John Lyng Group (JLG) has completed, and our position has been sold at $4. The position is removed from the portfolio.
MM has received $4.00 per share for JLG following a takeover – the position is being removed from the portfolio
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