Wrap – Week Ended 12/27/24

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We continued to wind down the ZLT into yearend last week ahead of 3 new portfolios opening in the new year.

Holdings Watch:

• 12/24/24 - OKLO - We sold our Trade Only position in OKLO for $23.85, up 27%. Our position in this small-scale nuclear pre revenue company was initiated in the down draft of the 3Q24 call in mid November which appeared to us to be an over reaction at the time. The name is volatile and moves sharply with sector news. They expect to have the first 50 MW Aurora powerhouse on line in Idaho by late 2027 and continue to sign long term power provider deals with a variety of industries from oil and gas to data centers to support the construction of dozens more. They are not yet NRC approved and will submit their application in 2025 with short time lines eyed for future reactors once first approval is achieved.We plan to own the name from time to time in the FLEX account next year.
• 12/24/24 - PUMP – We sold our Trading and Core positions in the ZLT in Permian pressure pumper and generation play PUMP for average $9.01, up 21%. This was our 4th largest holding.  We plan to purchase the name in the INVEST portfolio in early 2025 and may trade it from time to time in FLEX.

The ZLT Blotter is updated. 

Questions and comments under The Wrap will be addressed in the Monday post.

Questions about the site should be sent to zmanalpha@gmail.com

Have a good weekend,

Z