Bastion Bolsters Holdings
Bastion Asset Management Expands Q1 Portfolio, Acquiring New Stakes in Bruker, Circle, and Flagstar
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Key Points
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Goldman Sachs boosted its Bruker (BRKR) position by 107.3% in Q1 to 1,465,319 shares, valued at about $61.16 million, while Royal Bank of Canada increased its BRKR stake to 123,336 shares worth roughly $5.15 million.
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Circle Internet Group insider activity: Nikhil Chandhok sold 26,666 shares on July 8 at an average price of $63.90, reducing ownership to 725,068 shares (~$46.33 million); CEO Jeremy Allaire sold 3,032 shares at $67.16 on a separate date.
3
Goldman Sachs made a new stake purchase in Flagstar Bank (FLG) during the first quarter, valued at about $21.0 million.
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Lovesac (LOVE) remains highly owned by institutions, with hedge funds collectively accounting for 91.32% of the company's stock.
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Vishay Precision Group (VPG) represents about 3.0% of Bastion Asset Management's portfolio, with Bastion holding 224,196 shares valued at roughly $9.81 million.
Bastion Asset Management made a flurry of new bets in Q1, picking up stakes in Bruker Corporation, Circle Internet Group, and Flagstar Bank while dramatically expanding existing positions. The firm's most striking move was a 193.6% surge in its Lovesac stake, bringing its holding to 356,097 shares worth about $5.29 million, according to Watchlist News.
The purchases signal a broad portfolio push by the institutional investor, which also lifted its Vishay Precision Group stake by 31% to 224,196 shares — a position now worth roughly $9.81 million and representing about 3.0% of its total portfolio, per Watchlist News.
Bastion Enters Bruker and Flagstar With Fresh Cash
Bastion bought 21,471 shares of Bruker Corporation (BRKR) in Q1, valued at roughly $777,000, according to Watchlist News. The move puts Bastion alongside bigger players making similar bets. Goldman Sachs more than doubled its BRKR position — up 107.3% — to 1,465,319 shares worth about $61.16 million. Royal Bank of Canada also grew its stake to 123,336 shares worth roughly $5.15 million.
In Flagstar Bank (FLG), Bastion picked up 139,902 shares worth about $1.846 million. Goldman Sachs also made a new entry into FLG during the same quarter, with a position valued at roughly $21.0 million. That level of institutional overlap suggests growing confidence in the regional bank's outlook.
Circle Internet Stake Draws Insider Selling Alongside New Buyers
Bastion took a new position in Circle Internet Group (CRCL) during Q1, buying 29,073 shares for about $2.73 million, per Watchlist News. Circle is the company behind the USDC stablecoin. The entry comes as insiders have been trimming their own stakes.
Insider Nikhil Chandhok sold 26,666 Circle shares on July 8 at an average of $63.90 each, cutting his holding to 725,068 shares worth about $46.33 million. CEO Jeremy Allaire also sold 3,032 shares at $67.16 on a separate date. Insider selling does not always signal trouble, but the timing is worth watching for investors tracking CRCL closely.
Lovesac Stake Nearly Triples as Institutions Pile In
Bastion's 193.6% increase in Lovesac (LOVE) is one of its boldest moves this quarter. The firm now holds 356,097 shares worth about $5.29 million. Lovesac is a furniture brand known for modular couches. Institutional investors are clearly bullish — hedge funds collectively own 91.32% of the company's stock, per Watchlist News.
That level of institutional ownership is unusually high for a retail furniture company. It suggests professional money managers see strong upside in LOVE. Bastion's near-doubling of its stake puts it firmly in that camp.
Vishay Precision and Gentherm Round Out a Busy Quarter
Bastion also grew its Vishay Precision Group (VPG) stake by 31%, reaching 224,196 shares worth roughly $9.81 million. VPG is now a top five holding for the firm. The 3.0% portfolio weight shows real conviction, not just a token position.
On top of all this, Bastion made a new investment in Gentherm Inc (THRM), acquiring 210,206 shares and making it the firm's 19th largest holding, according to Ticker Report. Taken together, Bastion's Q1 moves show a firm actively reshaping its book — adding exposure across medical research, fintech, banking, furniture, and precision sensors all at once.
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