TheChek News Flow

Highlights from Q3 2024 filing as compared to Q2 2024 (all amounts are approximate):

• Increased positions in: GTN (to 1.46 mln shares from 0.77 mln), QUAD (to 1.88 mln from 1.45 mln), FOSL (to 1.33 mln from 1.09 mln), CNDT (to 901K from 747K), BBW (to 150K from 70K), UNFI (to 271K from 205K), LNC (to 383K from 330K), AXL (to 234K from 192K), NBR (to 141K from 104K), BMY (to 80K from 60K), CHRD (to 53K from 45K)
• Maintained positions in: VTRS (0.6 mln), BFH (0.26 mln), OMF (0.15 mln), ARLP (0.12 mln), BCC (0.04 mln)
• Decreased positions in: GCI (to 1.4 mln from 1.5 mln), CTO (to 384K from 444K), T (to 533K from 588K), UGI (to 202K from 237K), TPC (to 55K from 87K), STLA (to 390K from 420K), BKE (to 125K from 150K), JXN (to 130K from 146K), WAL (to 133K from 142K), PBI (to 24K from 31K)

Highlights from Q3 2024 filing as compared to Q2 2024 (all amounts are approximate):

• New positions in: BL (0.61 mln shares)
• Increased positions in: PTLO (to 6.11 mln shares from 2.76 mln shares), VYX (to 7.17 mln from 6.29 mln), BRCC (to 13.54 mln from 12.85 mln), NVRO (to 2.44 mln from 1.89 mln), NATL (to 3.01 mln from 2.51 mln)
• Maintained positions in: VFC (5.34 mln shares), PRAA (1.7 mln)
• Closed positions in: UPBD (from 1.17 mln shares), ENV (from 0.69 mln), SMAR (from 0.67 mln), SHAK (from 0.27 mln)
• Decreased positions in: EVH (to 3.99 mln shares from 4.11 mln shares)

Highlights from Q3 2024 filing as compared to Q2 2024 (all amounts are approximate):

• New positions in: OLPX (1 mln shares)
• Increased positions in: FOUR (to 0.15 mln from 0.1 mln), MOH (to 30K from 25K)
• Closed positions in: HPP (from 1.14 mln shares), BCAB (from 0.63 mln)
• Decreased positions in: REAL (500K shares from 1 mln), ACIC (to 100K from 252K)

Tiger Global discloses updated portfolio positions in 13F filing: New FLUT CPNG SHW positions Highlights from Q3 2024 filing as compared to Q2 2024 (all amounts are approximate):

• New positions in: FLUT (3.38 mln shares), CPNG (1.99 mln), SHW (0.53 mln)
• Increased positions in: TSM (to 3.63 mln shares from 3.07 mln shares), CPAY (to 1.25 mln from 1.05 mln), TTWO (to 5.84 mln from 5.64 mln), FWONK (to 2.46 mln from 2.36 mln), LLY (to 0.97 mln from 0.93 mln), AMZN (to 6.42 mln from 6.32 mln), UNH (to 2.37 mln from 2.35 mln), AVGO (to 1.85 mln from 1.82 mln)
• Maintained positions in: GRAB (92.92 mln shares), NU (18.43 mln), SE (16.04 mln), APO (12.29 mln), GOOGL (10.31 mln), NVDA (9.68 mln), META (7.47 mln), MSFT (5.34 mln), DASH (2.2 mln shares), WDAY (1.88 mln), QCOM (1.86 mln), CRWD (0.9 mln), NOW (0.58 mln)
• Closed positions in: DXCM (from 1.15 mln shares), ALAB (from 70K)
• Decreased positions in: STNE (to 14K from 682K), JD (to 0.34 mln from 0.8 mln), UBER (to 2.6 mln from 3.0 mln)

• "The labor market remains in solid condition, having cooled off from the significantly overheated conditions of a couple of years ago, and is now by many metrics back to more normal levels that are consistent with our employment mandate. The number of job openings is now just slightly above the number of unemployed Americans seeking work. The rate at which workers quit their jobs is below the pre-pandemic pace, after touching historic highs two years ago. Wages are still increasing, but at a more sustainable pace. Hiring has slowed from earlier in the year. The most recent jobs report for October reflected significant effects from hurricanes and labor strikes, making it difficult to get a clear signal. Finally, at 4.1 percent, the unemployment rate is notably higher than a year ago but has flattened out in recent months and remains historically low.
• The labor market has cooled to the point where it is no longer a source of significant inflationary pressures. This cooling and the substantial improvement in broader supply conditions have brought inflation down significantly over the past two years from its mid-2022 peak above 7 percent.
• Progress on inflation has been broad based. Estimates based on the consumer price index and other data released this week indicate that total PCE prices rose 2.3 percent over the 12 months ending in October and that, excluding the volatile food and energy categories, core PCE prices rose 2.8 percent. Core measures of goods and services inflation, excluding housing, fell rapidly over the past two years and have returned to rates closer to those consistent with our goals. We expect that these rates will continue to fluctuate in their recent ranges.
  
• We are confident that with an appropriate recalibration of our policy stance, strength in the economy and the labor market can be maintained, with inflation moving sustainably down to 2 percent. We see the risks to achieving our employment and inflation goals as being roughly in balance, and we are attentive to the risks to both sides. We know that reducing policy restraint too quickly could hinder progress on inflation. At the same time, reducing policy restraint too slowly could unduly weaken economic activity and employment.
• We are moving policy over time to a more neutral setting. But the path for getting there is not preset. In considering additional adjustments to the target range for the federal funds rate, we will carefully assess incoming data, the evolving outlook, and the balance of risks. The economy is not sending any signals that we need to be in a hurry to lower rates. The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully. Ultimately, the path of the policy rate will depend on how the incoming data and the economic outlook evolve."

Buyers:

• CNC Chief Financial Officer bought 17,200 shares at $57.96 - $58.22 worth approximately $1 mln.
• FF Chief Executive Officer bought 10,000 shares at $5.11 worth approximately $51K.
• FREY Chief Financial Officer bought 130,600 shares at $1.91 worth approximately $249K.
• IBM Director bought 936 shares at $210.6185 worth approximately $197K.
• Lions Gate 10% owner Liberty 77 Capital bought 500K Class A Voting Common Shares (LGF.A) and 709,382 Class B Non-Voting Common Shares (LGF.B).
• LTRX President / Chief Executive Officer and one (1) Director bought 100,000 shares combined at XX worth ~$266K.
• NVRI Chief Financial Officer bought 35,299 shares at $6.85 - $7.12 worth approximately $247K.
• OSCR 10% owner Co-Founder and Vice Chairman bought 1,055,478 shares worth approx. $14.4 mln.
• SWIM Chief Financial Officer bought 9,000 shares at $5.73 worth approximately $52K.
• TPIC President / Chief Executive Officer and the Chief Financial Officer bought 20,000 shares combined worth approximately $44K.
• UAN 10% owner Carl Icahn (IEP) bought 27,332 common units at $71.26 - $71.56 worth nearly $2 mln.
• XRAY President / Chief Executive Officer bought 11,306 shares at $17.695 - $17.73 worth approx. $200K.

• EXPI Chief Executive Officer and Chairman of the Board sold 50,000 shares at $14.21 - $14.81 worth approximately $724K.
• JXN EVP & Chief Operating Officer sold 10,000 shares at $110.73 to $111.25 worth more than $1 mln.
• Liberty Global EVP, Gen Counsel & Secretary sold 10,000 Class C Common Shares (LBTYK) at $12.05 - $12.315 worth approximately $122K.
• PNW EVP-Chief Operating Officer of Arizona Public Service Company sold 9,474 shares at $90.80 worth approximately $860K.
• SLB Chief Financial Officer sold 11,520 shares at $44.47 worth approximately $512K.
• WCN Director sold 1,000 shares at Senior Vice President of Operations at $187.50 worth approximately $188K.
• YELP Chief People Officer sold 12,854 shares at $38.16 - $38.24 worth approximately $491K.

Highlights from Q3 2024 filing as compared to Q2 2024 (all amounts are approximate):

• Increased positions in: MIR (to 8.03 mln from 8 mln), WSC (to 3.65 mln from 3.61 mln), FIHL (to 3.5 mln from 2.75 mln), GCI (to 4.7 mln from 4 mln), MANU (to 2.5 mln from 2.1 mln), ET (to 12.7 mln from 12.3 mln), EPD (to 1.19 mln from 0.9 mln), OMF (to 0.3 mln from 0.06 mln), STKL (to 5.5 mln from 5.3 mln), ADT (to 6.38 mln from 6.2 mln), DMAC (to 1.5 mln from 1.4 mln), MP (3.5 mln from 3.4 mln)
• Maintained positions in: COOP (2.86 mln shares), VRT (2.1 mln), RRX (700K), GOOGL (650K), FI (480K), LAD (416K), MSFT (106K), MSI (100K)
• Closed positions in: DVN (from 2.2 mln), LVS (from 1.5 mln), PARA (from 1025K), KBR (from 800K), PHX (from 312K), PNST (from 69K), EFA (from 61K), IEUR (from 38K)
• Decreased positions in: DTM (to 0.44 mln shares from 0.63 mln shares), COMM (to 0.07 mln from 0.27 mln), APO (to 1.39 mln from 1.53 mln), CI (to 0.24 mln from 0.27 mln)