DHT
Not exactly a vote of no confidence
1492 Capital pared back its DHT Holdings position in the first quarter, unloading 333,051 shares. Based on quarterly average prices, the trade was worth about $5.3 million — which is the investing equivalent of saying, “Nice run, I’ll take some profits now.”
Why you should care
DHT has already sprinted about 90%, so a trim like this isn’t shocking. Big winners tend to attract two kinds of investors: the ones who want to keep riding the wave, and the ones who’d rather lock in gains before the tide turns.
The big-picture read
This isn’t a business update from DHT itself, so it doesn’t change tanker fundamentals on its own. But it does tell you how at least one fund is thinking about the stock after the surge: still interesting, maybe just not as much of a bargain as before.
Big picture: when a stock has already done a moonshot, even a routine portfolio move can feel like a mini reality check.