Strategic Q2 Portfolio Expansion

Globeflex’s Q2 purchase for Himalaya Shipping amounts to about 0.68% ownership after acquiring 318,651 shares; the size of the stake sits among a wave of other high-profile investors, and HSHP received upgrades from Weiss Ratings (hold to buy) and Clarkson Capital (neutral to buy).

Globeflex’s Copa Holdings stake is 1.7% of its holdings, making CPA Globeflex’s 4th largest position; the name has drawn notable buying interest from peers, including a 56.1% increase by Goldman Sachs in Q1 and a 585.6% rise by Invesco in Q2, with Qube Research & Technologies, NewEdge Advisors and MIRAE Asset Group also establishing new or larger stakes.

Globeflex opened a position in Northeast Bancorp (NBN) of 35,339 shares, about 0.43% of the stock, as part of broad institutional activity in the sector; other buyers include GAMMA Investing (up 105.6%), Caitong International Asset Management and Clearstead Advisors, with Quadrant Capital Group also increasing positions.

In Onto Innovation, Globeflex acquired 14,549 shares, roughly $5.5 million, at a time when the stock is heavily institutional (about 98.35% owned); major buyers include Bank of Nova Scotia, Northwestern Mutual Wealth Management, Evolve Private Wealth, Farringdon Capital and William Blair; Morgan Stanley reiterated an overweight rating with a $383 target.