Sapient Capital Portfolio Changes
Sapient Capital Boosts Sprott and Intuit Holdings, Adds Energy Fuels in Q1 Rebalance
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Key Points
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Sprott Inc. paid a quarterly dividend of $0.40 per share on June 3, with a record date of May 19, an annualized dividend of $1.60 and a dividend yield of about 1.6%.
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Other hedge funds also increased or initiated positions in Sprott Inc. during the period, including Flagship Harbor Advisors LLC (new stake in Q4 ~ $34,000), Caitong International Asset Management Co. Ltd (up 63.8% in Q4 to 385 shares worth $38,000), and EverSource Wealth Advisors LLC (up 63.0% in Q1 to 401 shares worth $57,000).
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In the IJS position, Sapient’s stake rose 14.6% to 45,926 shares and was valued at about $5.44 million; the ETF is 71.86% owned by institutional investors and hedge funds, with Sapient holding roughly 0.08% of the fund.
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BWX Technologies (BWXT) remained a relatively small portion of Sapient’s portfolio, now 0.7% of the total and the 21st-largest holding, at 230,356 shares after an 18.4% reduction; the position was valued at about $47.06 million at the end of the quarter.
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Energy Fuels (UUUU) became a new sizable holding for Sapient in Q1 with 355,694 shares worth about $6.49 million; CEO Ross R. Bhappu also bought 74,000 shares on July 7, bringing his direct ownership to 256,583 shares (roughly $3.36 million).
Sapient Capital LLC made a dramatic move into Sprott Inc. in the first quarter, boosting its stake by nearly 1,943% to 46,262 shares worth about $6.58 million, according to Watchlist News. The surge made Sprott one of the firm's more notable positions and came alongside a string of other big portfolio shifts.
The moves reflect a broad rebalancing by Sapient across energy, tech, and small-cap value stocks. The firm started fresh positions, trimmed others, and raised exposure in names like Intuit by more than 200%, according to Ticker Report.
Sapient's Sprott Bet Grows Nearly 20-Fold
Sapient entered Q1 with a tiny Sprott position and left with 46,262 shares, a jump of roughly 1,943%, per Watchlist News. That gives the firm about 0.18% of the company. Sprott also rewarded shareholders during the period, paying a quarterly dividend of $0.40 per share on June 3. That works out to $1.60 annualized, with a yield of about 1.6%.
Sapient was not alone in eyeing Sprott. Other funds also moved in. Flagship Harbor Advisors started a new stake worth about $34,000 in Q4. Caitong International Asset Management raised its position by 63.8% to 385 shares. EverSource Wealth Advisors added 63.0% in Q1, bringing its total to 401 shares worth $57,000, according to Ticker Report.
Energy Fuels Becomes a New $6.5 Million Position
Sapient opened a brand-new stake in Energy Fuels (UUUU) during Q1, buying 355,694 shares valued at about $6.49 million. The uranium miner is now one of the firm's larger holdings. The bet came as interest in nuclear fuel stocks has grown amid rising energy demand.
Company insiders also showed confidence in the stock. CEO Ross R. Bhappu bought 74,000 shares on July 7, bringing his direct ownership to 256,583 shares worth roughly $3.36 million. Insider buying often signals that leadership believes the stock is undervalued.
Intuit Stake More Than Triples, BWX Gets Trimmed
Sapient raised its Intuit (INTU) position by 216.7% to 48,266 shares. That is more than a tripling of its prior exposure to the financial software giant. At the same time, the firm cut its stake in BWX Technologies (BWXT) by 18.4%, leaving it with 230,356 shares valued at about $47.06 million, per Watchlist News.
The BWXT reduction brought that position down to just 0.7% of Sapient's total portfolio, making it the firm's 21st-largest holding. The trim suggests Sapient is rotating away from defense-adjacent names and toward growth and commodities plays.
Small-Cap Value ETF Stake Climbs to $5.44 Million
Sapient also added to its iShares S&P Small-Cap 600 Value ETF (IJS) position, buying 5,860 more shares for a total of 45,926. The stake is now worth about $5.44 million, per Ticker Report. That gives Sapient roughly 0.08% of the fund, which is 71.86% owned by institutional investors and hedge funds.
The IJS addition fits a pattern. Sapient appears to be spreading risk across sectors. It is buying into small-cap value while also loading up on commodities like uranium and growth names like Intuit. The diversified approach points to a firm hedging its bets across a choppy market.
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