One fund shaved Cameco, but the uranium party keeps going

A tiny trim, not a panic button

Stanley Laman Group Ltd. chopped its Cameco position by 9.5%, selling 14,749 shares and leaving itself with 140,075 shares worth about $12.82 million. That still makes CCJ its 7th-largest holding, so this looks more like a portfolio tune-up than a full-blown breakup text.

Why investors should care

When a stock gets a lot of institutional love, one seller doesn't exactly end the story. In fact, the article notes that other institutions were still leaning in: UBS Asset Management added to its stake, and NewGen opened a brand-new position.

The real takeaway

Cameco is still riding the broader uranium/nuclear enthusiasm train, and that matters because big money can keep a stock buoyant even after a little profit-taking.

• Stanley Laman trimmed, but didn't abandon ship
• Other institutions were still buying
• CCJ remains one of the market's favorite uranium names

Big picture: this is less "uh-oh" and more "fund managers doing fund manager things." The trend in institutional ownership looks intact, and that can be the kind of steady tailwind investors like to see.