Nine Masts Portfolio Shift
Nine Masts Capital Boosts DigitalBridge Stake While Expanding Into Roku and Copper
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Key Points
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DBRG: NINE MASTS CAPITAL increased its stake to 147,100 shares, about 0.08% of DigitalBridge Group, worth roughly $2.32 million; Weiss Ratings upgraded DBRG from hold to buy on Aug. 6.
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SCCO: NINE MASTS opened a new position by buying 2,952 shares of Southern Copper for about $514,000; hedge funds and other institutional investors own about 7.94% of the stock.
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ROKU: NINE MASTS established a new 83,000-share stake in Roku valued at roughly $11.47 million, making it the fund's 15th-largest holding; during the period, Roku insiders Mustafa Ozgen and Charles Collier sold substantial blocks of shares (e.g., Ozgen sold 10,194 shares at about $144 each).
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ABX: NINE MASTS initiated a new position in Barrick Mining by purchasing 11,308 shares for about $415,000; overall, institutional investors own about 90.82% of ABX.
NINE MASTS Capital significantly expanded its U.S. stock portfolio in the second quarter, boosting its DigitalBridge stake by 88.1% to 147,100 shares worth roughly $2.32 million, according to Watchlist News. The fund also opened new positions in three other companies, spreading investments across technology, mining, and materials sectors as part of a broader mid-year portfolio reshuffling.
The moves reflect a diversified strategy targeting growth and resource stocks. Weiss Ratings upgraded DigitalBridge to Buy in early August, backing the firm's increased confidence in the infrastructure technology company.
DigitalBridge Stake Jumps 88% Amid Analyst Upgrade
NINE MASTS Capital increased its DigitalBridge holding from a smaller base to 147,100 shares, representing about 0.08% of the company, according to Watchlist News. The $2.32 million position signals the fund's growing interest in the digital infrastructure play. Weiss Ratings reinforced this bet by upgrading the stock from Hold to Buy on August 6, citing improving business fundamentals.
New Bets in Copper, Streaming, and Gold Mining
NINE MASTS opened a $514,000 position in Southern Copper by purchasing 2,952 shares, per Watchlist News. Hedge funds and institutional investors collectively own about 7.94% of the basic materials company. The fund also established an 83,000-share stake in Roku worth approximately $11.47 million, making it the 15th-largest holding in the portfolio.
In mining, NINE MASTS bought 11,308 shares of Barrick Gold for roughly $415,000, Ticker Report noted. Institutional investors already control about 90.82% of Barrick, indicating strong institutional confidence in the gold producer.
Roku Insiders Sell Even as Fund Increases Stake
While NINE MASTS was building its Roku position, company insiders moved in the opposite direction. Executive Mustafa Ozgen sold 10,194 shares at roughly $144 each during the same period, signaling potential insider skepticism about near-term stock performance despite the fund's bullish entry.
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