Old West Market Moves
Old West Investment Management Significantly Expands Holdings in Multiple Key Companies
Key Points
Old West boosted Canadian Pacific Kansas City (CP) by purchasing an additional 6,955 shares in the second quarter, bringing its stake to 58,985 shares (about $5.11 million). CP’s institutional ownership sits at 72.20%, and Royal Bank Of Canada reaffirmed an outperform rating with a $145 price target on the stock.
In Mosaic (MOS), Bank of New York Mellon Corp opened a new MOS position in the second quarter with a stake valued at roughly $57.3 million, highlighting Mosaic’s high level of institutional ownership at 77.54%.
Navitas Semiconductor (NVTS) saw Old West acquire 427,322 shares in the second quarter (about $7.66 million). In a related development, director Gary Kent Wunderlich Jr sold 73,000 NVTS shares on May 28 at an average price of $28.11, totaling about $2.05 million.
Cleveland-Cliffs (CLF) received a notable sentiment support as Wells Fargo & Company reiterated a positive rating on the stock in a recent note.
Old West Investment Management LLC made a series of bold moves in the second quarter, building new and expanded stakes across five companies. The firm's biggest bet was on Navitas Semiconductor, where it picked up 427,322 shares worth about $7.66 million, according to Watchlist News.
The fund also added to its existing position in Canadian Pacific Kansas City, boosted its Cleveland-Cliffs holdings by over 600,000 shares, and opened fresh positions in both Mosaic and Materion Corporation. The moves signal a clear appetite for materials and industrials in the current market environment.
Old West Bets Big on Navitas and Cleveland-Cliffs
Old West's largest new position went to Navitas Semiconductor. The firm bought 427,322 shares for roughly $7.66 million in Q2. That buy came even as director Gary Kent Wunderlich Jr sold 73,000 shares on May 28 at $28.11 each — a $2.05 million sale — according to Ticker Report.
Cleveland-Cliffs was another major target. Old West purchased 616,022 shares for about $5.78 million. Wells Fargo recently backed the stock with a positive rating, adding Wall Street support to the firm's move. That's a sizable commitment to one of North America's largest steel producers.
Canadian Pacific Stake Grows as Institutions Stay Loyal
Old West added 6,955 shares of Canadian Pacific Kansas City in Q2, lifting its total to 58,985 shares worth about $5.11 million. The railroad stock carries strong institutional backing, with 72.20% of shares held by large investors, according to Watchlist News.
Royal Bank of Canada recently reaffirmed an outperform rating on CP with a $145 price target. That kind of analyst confidence gives Old West's buy added weight. CP operates one of the only single-line rail networks connecting Canada, the US, and Mexico.
Mosaic Draws Major Institutional Interest in Q2
Old West opened a new stake in Mosaic, buying 84,786 shares worth around $1.80 million. But the bigger headline came from Bank of New York Mellon Corp, which opened its own new MOS position valued at roughly $57.3 million in the same quarter, according to Watchlist News.
Mosaic already has 77.54% institutional ownership — a high figure that shows strong confidence from large money managers. The company is one of the world's top producers of potash and phosphate, key ingredients in crop fertilizers.
Materion and Broader Portfolio Moves Round Out Q2
Old West also took a fresh position in Materion Corporation, picking up 7,176 shares valued at about $2.13 million. Materion makes high-performance materials used in electronics and defense. It's a smaller bet, but it fits the fund's wider focus on specialty industrials and materials.
Taken together, the Q2 moves show Old West leaning into sectors tied to infrastructure, agriculture, and clean energy. From railroad giant Canadian Pacific to semiconductor maker Navitas, the fund spread its capital across companies with very different risk profiles — but all with heavy institutional backing.
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