Yorktown Energy Partners XI, L.P. (Trades, Portfolio), a notable investment firm, has recently adjusted its investment portfolio by reducing its stake in Ramaco Resources Inc (NASDAQ:METC). On November 15, 2023, the firm sold 4,482,058 shares of Ramaco Resources, which resulted in an 80.22% decrease in their holding. This transaction has had a significant impact on the firm's investment in Ramaco, altering the landscape of its portfolio.
SIT Investment Associates Inc, a seasoned investment firm, has recently expanded its investment portfolio by adding shares of DWS Strategic Municipal Income Trust (NYSE:KSM). This transaction has a modest impact of 0.05% on the firm's portfolio, bringing the total number of shares held in KSM to 565,322. Founded in 1981 by Eugene C. Sit, SIT Investment Associates Inc has grown from a small team with $1 million in capital to a prominent investment management company with over $6.6 billion in assets under management.
Saba Capital Management, L.P. (Trades, Portfolio), a prominent investment firm, has recently expanded its portfolio with a significant addition of shares in the Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ). On November 14, 2023, the firm executed an addition of 110,867 shares in NXJ, at a trade price of $10.85 per share. This transaction has increased Saba Capital Management's total holdings in NXJ to 4,607,428 shares, marking a notable impact on its investment strategy with a 0.03% trade impact and adjusting the firm's position in NXJ to 1.3% of its portfolio and 11.17% of the traded stock.
In a notable move within the investment community, Institutional Venture Management XIII, LLC (Trades, Portfolio) has recently adjusted its holdings in The Honest Co Inc (NASDAQ:HNST). On November 14, 2023, the firm reduced its stake in the company by 672,454 shares, which equates to a 6.42% change in their holdings. This transaction has had a 1.85% impact on their portfolio, with the trade executed at a price of $1.49 per share.