Why One Fund Ditched Viper Energy in a $12 Million Exit Amid a 20% Stock Slide

On November 13, Michigan-based Nemes Rush Group disclosed it sold out its entire position in Viper Energy (NASDAQ:VNOM), reducing holdings by 319,503 shares worth an estimated $12.18 million.According to a Securities and Exchange Commission (SEC) filing dated November 13, Nemes Rush Group sold all 319,503 shares of Viper Energy (NASDAQ:VNOM) during the third quarter. The estimated transaction value was approximately $12.18 million based on average quarterly pricing.The fund's VNOM stake previously comprised 1.33% of reportable AUM.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool