Tether Holdings Boosts Stake in Gold Royalty: 13F Filing Update
Tether Holdings Boosts Stake in Gold Royalty: 13F Filing Update
Tether Holdings, S.A. de C.V., a prominent institutional player, has made a significant move in its latest SEC 13F filing by increasing its position in Gold Royalty (NYSE: GROY). The filing reveals a notable addition of 26.12 million shares, marking an 11.51% increase in their holding. This strategic buy brings Tether Holdings' total investment in Gold Royalty to a market value of $125.1 million, now accounting for 3.1% of their portfolio.
A Closer Look at the Trade
Gold Royalty, a key player in the Non-Ferrous Metals industry, has captured Tether Holdings' attention with its growth potential. With this recent acquisition, Tether Holdings now owns 11.51% of Gold Royalty's total outstanding shares, solidifying its position as a significant shareholder. This move underscores the institution's confidence in the long-term prospects of the metals and mining sector.
Why Is Tether Holdings Betting on Gold Royalty?
Investors often wonder, "Why is Tether Holdings adjusting its position in Gold Royalty?" The answer may lie in the growing demand for precious metals as a hedge against economic uncertainty and inflation. Gold Royalty, with its diversified portfolio of royalty interests, offers a unique exposure to the gold market, making it an attractive asset for institutional investors like Tether Holdings.
How Much of Gold Royalty Does Tether Holdings Own?
As of the latest filing, Tether Holdings owns 11.51% of Gold Royalty's total shares. This substantial stake highlights the institution's strong conviction in the company's business model and future growth trajectory.
Portfolio Impact
With this addition, Gold Royalty now represents 3.1% of Tether Holdings' overall portfolio, reflecting the firm's strategic allocation toward the metals and mining sector. Such a move aligns with broader market trends where institutional investors are increasingly diversifying into commodities and related equities.
For a deeper dive into Tether Holdings' investment strategy and to explore their full portfolio, view Tether Holdings’ full real-time portfolio and historical 13F data here.