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What a $26 Million Cut in Kinetik Shares Signals Amid a 38% Stock Slide
The Motley Fool· 2025-12-25 18:18
The fund made a big cut to its Kinetik stake -- but it still didn't fully exit the position.On November 14, New York City-based SIR Capital Management disclosed a sale of 583,116 Kinetik Holdings shares, reducing its position by $25.98 million for the quarter.What HappenedAccording to a U.S. Securities and Exchange Commission (SEC) filing dated November 14, SIR Capital Management sold 583,116 shares of Kinetik Holdings (KNTK +0.48%) during the third quarter. The transaction resulted in an estimated $25.98 ...