David Nierenberg's Strategic Moves: Eastern Bankshares Inc. Exit Impacts Portfolio by -5.87%

GuruFocus News

Tue, May 13, 2025, 12:01 PM 3 min read

• Warning! GuruFocus has detected 5 Warning Signs with COOP.

David Nierenberg (Trades, Portfolio) precocious submitted the 13F filing for the archetypal 4th of 2025, providing insights into his concern moves during this period. David Nierenberg (Trades, Portfolio) is the laminitis and president of Nierenberg Investment Management Company, which manages the D3 Family of Funds, a radical of 4 backstage concern partnerships. He besides serves connected the Washington State Investment Board, which manages nationalist worker status funds. He is simply a postgraduate of Yale College and Yale Law School. Seeking semipermanent superior gains, Nierenberg invests successful a concentrated portfolio of undervalued, domestic, micro-cap maturation companies. He believes successful activism successful immoderate circumstances.

David Nierenberg (Trades, Portfolio) added a full of 6 stocks, among them:

• The astir important summation was Seaboard Corp (SEB), with 286 shares, accounting for 0.42% of the portfolio and a full worth of $771,380.

• The 2nd largest summation to the portfolio was Green Dot Corp (NYSE:GDOT), consisting of 77,555 shares, representing astir 0.36% of the portfolio, with a full worth of $654,560.

• The 3rd largest summation was Wabash National Corp (NYSE:WNC), with 55,555 shares, accounting for 0.34% of the portfolio and a full worth of $613,880.

David Nierenberg (Trades, Portfolio) besides accrued stakes successful a full of 7 stocks, among them:

• The astir notable summation was Criteo SA (NASDAQ:CRTO), with an further 198,943 shares, bringing the full to 266,498 shares. This accommodation represents a important 294.49% summation successful stock count, a 3.84% interaction connected the existent portfolio, with a full worth of $9,436,690.

• The 2nd largest summation was Riverview Bancorp Inc (NASDAQ:RVSB), with an further 346,612 shares, bringing the full to 1,633,034. This accommodation represents a important 26.94% summation successful stock count, with a full worth of $9,226,640.

David Nierenberg (Trades, Portfolio) wholly exited 5 of the holdings successful the archetypal 4th of 2025, arsenic elaborate below:

• Eastern Bankshares Inc (NASDAQ:EBC): David Nierenberg (Trades, Portfolio) sold each 613,088 shares, resulting successful a -5.87% interaction connected the portfolio.

• AppLovin Corp (NASDAQ:APP): David Nierenberg (Trades, Portfolio) liquidated each 2,555 shares, causing a -0.46% interaction connected the portfolio.

David Nierenberg (Trades, Portfolio) besides reduced positions successful 6 stocks. The astir important changes include: