Wyoming Fund Adjusts Holdings
Wyoming Rebalances Q1 Portfolio, Boosting Delta, Federal Signal, and Tech Stakes
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Key Points
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Other institutional investors were active in Dycom Industries as well, with Kemnay Advisory Services, Sound Income Strategies, Acumen Wealth Advisors, and Legacy Wealth Management all opening new positions in the 4th quarter, signaling broader institutional interest beyond the State of Wyoming's sale.
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Delta Air Lines remains a heavily held position among major asset managers, with Capital International Investors owning about 24.2 million shares (roughly $1.68 billion) and State Street Corp holding about 23.16 million shares (roughly $1.61 billion) as part of broad institutional ownership.
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Wasatch Advisors LP established a new stake in Federal Signal in the third quarter, valued at approximately $174.5 million, underscoring added interest from large investors even as Wyoming increased its own stake.
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Applied Optoelectronics director Cynthia Delaney liquidated 56,575 shares on May 26, netting about $10.71 million, and subsequently owned 59,647 shares, providing insight into insider activity accompanying Wyoming's position.
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Flywire COO Rob Orgel sold 178,980 shares on June 1 for about $3.04 million, reducing his stake and illustrating ongoing insider trading activity alongside Wyoming's increased position in the company.
The State of Wyoming quietly reshaped part of its investment portfolio in the first quarter, with one of its biggest moves being a 72.7% increase in Delta Air Lines shares, according to Watchlist News. The fund now holds 17,471 shares of Delta, valued at roughly $1.16 million.
The Delta buy was part of a broader rebalancing. Wyoming cut its Dycom Industries stake by 21.0% while boosting positions in Federal Signal, Applied Optoelectronics, and Flywire — spanning transportation, industrials, and tech.
Wyoming Doubles Down on Delta and Other Growth Stocks
Wyoming added 7,349 shares of Delta Air Lines during the quarter, bringing its total to 17,471 shares worth about $1.16 million, Watchlist News reported. The move signals confidence in the airline's outlook even as broader markets stayed choppy.
The fund also pushed hard into Federal Signal Corporation, raising that stake by 124.8% to 9,798 shares worth roughly $1.06 million. Its Applied Optoelectronics position jumped 129.9% to 10,571 shares, valued near $894,000. Flywire holdings grew 72.3% to 98,409 shares, worth about $1.15 million.
Dycom Sale Stands Out Against a Wave of Institutional Buying
Wyoming trimmed its Dycom Industries position by 21.0%, selling 1,378 shares and keeping 5,182 shares worth around $1.76 million. The sale runs counter to a broader trend of institutional interest in the company.
Four other firms — Kemnay Advisory Services, Sound Income Strategies, Acumen Wealth Advisors, and Legacy Wealth Management — all opened brand-new positions in Dycom during the fourth quarter, according to Watchlist News. Wyoming's reduction stands alone against that tide of fresh buying.
Delta Remains a Giant Among Institutional Investors
Wyoming's $1.16 million Delta stake is a small piece of a much larger picture. Capital International Investors owns about 24.2 million Delta shares worth roughly $1.68 billion. State Street Corp holds about 23.16 million shares, valued near $1.61 billion, according to Watchlist News.
Institutional demand for Delta has stayed strong even as the airline sector faces fuel cost pressures. Wyoming's 72.7% increase puts it in step with that broader institutional appetite, even if its total holdings remain modest by comparison.
Insider Selling at Flywire and Applied Optoelectronics Raises Eyebrows
Even as Wyoming grew its Flywire stake, company insiders were heading for the exit. Flywire COO Rob Orgel sold 178,980 shares on June 1 for about $3.04 million, according to Watchlist News. Insider sales don't always signal trouble, but they can reflect a different view of near-term value.
At Applied Optoelectronics, director Cynthia Delaney sold 56,575 shares on May 26, netting about $10.71 million. She still held 59,647 shares after the sale. The insider activity at both companies adds a layer of nuance to Wyoming's bullish positioning in each stock.
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