Tether Holdings Boosts Stake in Gold Royalty with 13F Filing Update
Tether Holdings Boosts Stake in Gold Royalty with 13F Filing Update
In a notable move revealed in its latest SEC 13F filing, Tether Holdings, S.A. de C.V. significantly increased its investment in Gold Royalty (NYSE: GROY). The institutional investor added 26.54 million shares of the non-ferrous metals company, representing an 11.69% rise in its position. This adjustment brings the market value of Tether Holdings’ stake in Gold Royalty to an impressive $113.58 million, accounting for 2.99% of the firm's portfolio.
Deep Dive into the Trade
Gold Royalty, a key player in the non-ferrous metals industry, has caught the attention of Tether Holdings with this substantial buy. The increase in holdings not only demonstrates confidence in the company’s future but also positions Tether Holdings as a significant shareholder, now owning 11.69% of Gold Royalty’s total outstanding shares. This level of ownership highlights the institution's strategic focus on the metals sector, potentially leveraging Gold Royalty's growth amid volatile market conditions.
Why is Tether Holdings Adjusting its Position in Gold Royalty?
Investors are keen to understand the rationale behind this move. Gold Royalty operates in the non-ferrous metals industry, a sector often viewed as a hedge against economic uncertainty and inflation. By increasing its stake, Tether Holdings might be positioning itself to capitalize on the potential upside in gold and other precious metals markets.
How Much of Gold Royalty Does Tether Holdings Own?
Following this transaction, Tether Holdings now owns 11.69% of Gold Royalty’s total shares. This makes the institution a significant stakeholder, potentially influencing corporate decisions and aligning itself closely with the company’s strategic direction.
Portfolio Impact
With Gold Royalty now comprising 2.99% of Tether Holdings’ portfolio, this trade underscores the institution's confidence in the non-ferrous metals industry. The increased exposure reflects a calculated diversification strategy, balancing risk while seeking growth opportunities in a traditionally stable sector.
Explore More
To delve deeper into Tether Holdings, S.A. de C.V.’s investment strategy and portfolio adjustments, view Tether Holdings’ full real-time portfolio and historical 13F data here.