Tether Holdings Increases Stake in Rumble: Key Insights from Latest 13F Filing

Tether Holdings Increases Stake in Rumble: Key Insights from Latest 13F Filing

In its latest SEC 13F filing, Tether Holdings, S.A. de C.V. reported a significant increase in its position in Rumble (RUM), a leading player in the Internet & Media industry. The filing reveals that Tether Holdings added 1.84 million shares of Rumble to its portfolio, reflecting a 0.54% increase in its position. This move underscores Tether’s growing confidence in the company’s potential within the competitive digital media landscape.

Deep Dive into the Trade

Following this purchase, Tether Holdings now holds a total of $627.89 million in Rumble, making up a substantial 17.72% of its overall portfolio. Additionally, the institution’s ownership now accounts for an impressive 31.02% of Rumble’s total outstanding shares, showcasing Tether Holdings as a major stakeholder in the company.

The Internet & Media sector has been a focal point of institutional investments, with Rumble positioning itself as a prominent player in this space. Tether’s decision to increase its stake could be indicative of its belief in Rumble’s growth trajectory, particularly as the platform continues to attract users and expand its market presence.

Why is Tether Holdings Adjusting Its Position in Rumble?

Investors may wonder about the rationale behind Tether Holdings’ increased investment in Rumble. The move could be driven by Rumble’s recent performance metrics, strategic expansions, or its potential to disrupt traditional media channels. With Tether now owning over 31% of Rumble’s shares, the institution has a vested interest in the company’s success and direction.

Portfolio Impact

This strategic addition has bolstered Rumble’s weight in Tether Holdings’ portfolio, now constituting nearly a fifth of its total holdings at 17.72%. Such a concentrated position highlights the institution’s bullish stance on Rumble and its commitment to the Internet & Media sector.

Learn More About Tether Holdings’ Investments

For a comprehensive view of Tether Holdings, S.A. de C.V.’s real-time portfolio and historical 13F data, view their full profile here.