Portfolio Rebalancing Update
Nilsine Partners Expands Workday Stake Significantly While Rebalancing ETF Portfolio
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Key Points
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Workday was Nilsine Partners’ largest disclosed position among the holdings described, while the company’s stock was reported to be 89.81% owned by hedge funds and other institutional investors.
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Nilsine Partners’ reduced PGIM AAA CLO ETF holding still represented about 0.9% of its portfolio and ranked as the firm’s 19th-largest position.
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The PGIM AAA CLO ETF was trading near $51.37, with a 52-week range of $51.16 to $51.54; the fund is actively managed and primarily invests in investment-grade fixed income.
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The iShares Russell 2000 ETF represented about 0.9% of Nilsine Partners’ portfolio and was its 23rd-largest holding after the second-quarter increase.
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Nilsine Partners’ new CEMB investment amounted to 67,989 shares, or approximately 0.82% of the ETF’s outstanding shares, according to the filing.
Nilsine Partners LLC made aggressive portfolio moves in the second quarter, dramatically expanding its Workday position while trimming some bond holdings and adding new equity stakes. The firm boosted Workday shares by 1,121.5% to 21,804 shares worth about $2.7 million, making it the largest disclosed position watchlistnews. These shifts reveal a strategy mixing increased stock exposure with selective cuts to fixed-income investments.
Workday Becomes Nilsine's Flagship Holding
Nilsine Partners' most dramatic move was its massive expansion into Workday. The position jumped 1,121.5% to 21,804 shares valued at roughly $2.7 million watchlistnews. Workday is now the firm's largest disclosed holding. Despite this concentration, Workday itself is widely held—hedge funds and other institutional investors own 89.81% of the company's outstanding stock watchlistnews.
Small-Cap and Technology Bets Expand
Beyond Workday, Nilsine boosted exposure to small-cap stocks and technology names. The iShares Russell 2000 ETF position grew 13.5% to 41,274 shares worth $12.4 million, ranking as the fund's 23rd-largest holding watchlistnews. Separately, the firm increased Jabil Inc. by 292.9% to 16,051 shares tickerreport. New stakes included American Financial Group ($1.56 million in 11,174 shares) and Energy Transition Special Opportunities (57,271 shares) watchlistnews, tickerreport.
Bond Portfolio Trimmed Despite Continued CLO Exposure
Nilsine Partners cut its PGIM AAA CLO ETF stake by 6.4%, selling 17,604 shares to leave 258,269 remaining watchlistnews. The position still represents 0.9% of the portfolio and ranks 19th overall. The PGIM AAA CLO ETF trades near $51.37 with a 52-week range of $51.16 to $51.54 watchlistnews. However, Nilsine offset this reduction by starting a new $3.7 million position in the iShares J.P. Morgan EM Corporate Bond ETF, purchasing 67,989 shares or 0.82% of the fund watchlistnews.
Yield Strategy With New Bond and Dividend Plays
The bond-focused adjustments suggest Nilsine is recalibrating its fixed-income mix toward emerging-market corporate debt. The firm also established a new stake in the iShares High Yield Systematic Bond ETF, buying 24,477 shares watchlistnews. Combined with its insurance sector purchase—American Financial Group, typically a dividend payer—these moves hint at a pivot toward higher-yielding assets in a rising-rate environment.
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