We are buying MA Financial Group (MAF), taking a 4% position. The sharp pullback from ~$11 2025 highs has created an attractive entry point, in our view, allowing us to gain exposure to a business that is well positioned to benefit from improving capital markets activity and growing demand for alternative investment solutions.
Aic Mines (A1M) has doubled since we bought the stock in July 2024, driving up the prevailing portfolio weight to ~9%. We are amending our target weight to 6%, implying we are trimming the position into current strength for portfolio management reasons. We continue to like A1M as an emerging copper company.
Zip Co (ZIP) is up ~70% since we bought the stock 14 months ago, driving up the prevailing portfolio weight to above 7%. We are amending our target weight to 5%, implying we are trimming the position into current strength for portfolio management reasons. We continue to like ZIP.
