Black Creek Sells 999,000 Shares of Baidu Stock Valued at $49.1 Million
Black Creek's Baidu Sale: Black Creek Investment Management Inc. sold 998,716 shares of Baidu in Q3 2025, reducing its position by 56% and decreasing the value by $49.13 million, while still holding 793,718 shares valued at $104.59 million.
Baidu's Market Performance: The sale occurred after Baidu's stock price increased by 54% in Q3 2025, indicating that Black Creek likely benefited from the price rise before the sale.
Investment Strategy: Black Creek adjusted its position in nearly all of its 28 stocks during the quarter, with the Baidu sale being the most significant reduction by percentage, reflecting a broader strategy of portfolio rebalancing.
Future Outlook: Despite the sale, Black Creek retains 44% of its Baidu shares, and the stock price has remained stable since Q3, leaving uncertainty about future holdings until the next reporting period.
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Trump and Family Sue IRS Over Tax Info Leak
- Massive Lawsuit Amount: Trump and his family filed a lawsuit in Miami federal court seeking at least $10 billion in damages, alleging that the IRS and Treasury failed to prevent the leak of their confidential tax information, highlighting a severe breach of trust in government institutions.
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- Industry Collaboration: QSE's membership in the Canadian Association of Defence and Security Industries provides access to senior decision-makers within the Canadian Armed Forces and international defense partners, aiming to expedite the deployment of post-quantum cryptography and enhance competitive positioning.
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