Tether Holdings Increases Stake in Elemental Royalty Corp in Latest 13F Filing
Tether Holdings Increases Stake in Elemental Royalty Corp in Latest 13F Filing
In its most recent SEC 13F filing, Tether Holdings, S.A. de C.V. has made a notable move by increasing its position in Elemental Royalty Corp (ELE). The hedge fund added 7.63 million shares, marking an 11.97% increase in its stake in the company. This brings the total market value of its holdings in Elemental Royalty Corp to an impressive $353.59 million, now representing 9.98% of Tether Holdings' overall portfolio.
Deep Dive into the Trade
Elemental Royalty Corp operates within the Non-Ferrous Metals industry, a sector known for its strategic importance in global supply chains and industrial applications. With this recent purchase, Tether Holdings now owns 26.52% of Elemental Royalty Corp's total outstanding shares, solidifying its position as a significant stakeholder in the company. This move reflects a strong conviction in the growth potential of Elemental Royalty Corp within the metals and mining sector.
Market Context: Why This Move Matters
Investors may wonder, "Why is Tether Holdings adjusting its position in Elemental Royalty Corp?" The Non-Ferrous Metals industry has been gaining attention due to increased demand for materials like copper and aluminum in renewable energy and electric vehicle production. Tether Holdings' decision to bolster its stake could indicate a bullish outlook on these trends.
Additionally, with 26.52% ownership, Tether Holdings exerts considerable influence over Elemental Royalty Corp, potentially playing a pivotal role in its strategic decisions moving forward.
Portfolio Impact
This strategic increase in Elemental Royalty Corp now accounts for a significant 9.98% of Tether Holdings' total portfolio. Such a concentrated position underscores the firm's confidence in the company's long-term growth trajectory and its alignment with the fund's investment strategy.
For a deeper dive into Tether Holdings' portfolio and to track its real-time and historical 13F filings, view Tether Holdings’ full real-time portfolio and historical 13F data here.