We're Buying More Shares of This One-Rated Holding on Weakness
We see a one-two punch of increasing net asset value and more dividends ahead.
You've reached your free article limit
You've read 0 of 1 free Pro articles.
| Symbol | Transaction Type | # Shares Traded | Recent Price $ | Shares Owned After Trade | % Portfolio |
|---|---|---|---|---|---|
SSSS | Buy | 1,010 | 9.12 | 23,215 | 3.8 |
After you receive this Alert, the Pro Portfolio will buy 1,010 shares of SuRo Capital (SSSS) at or near $9.12. Following the trade, SSSS shares will account for roughly 3.8% of the Pro Portfolio’s assets.
We are taking advantage of this latest pullback in SSSS shares, which is happening despite the positive move we are seeing today in CoreWeave (CRWV) . As we've detailed, SuRo exited December with a meaningful position in CRWV shares, and January to date, we’ve seen a meaningful increase in them. Our thinking is that this increases the odds SuRo further unwinds its position in CoreWeave, a move that would provide fuel for dividends in the coming quarters. Making this move positions us for that rather nicely.
The move up in CRWV shares should also benefit SuRo’s net asset value per share, as should the recast valuation for its position in OpenAI. Remember, the last time SuRo updated the fair value for its OpenAI position was as of September 30, when OpenAI’s valuation was ~$300 billion. Subsequently, OpenAI closed a round of investment that left its valuation around $500 billion, and as we discussed last week, OpenAI is $750 billion-$830 billion. If that is the post-round valuation, there would be a significant jump in the fair value of SuRo’s position in OpenAI compared to $27.7 million exiting September 2025.
More Pro Portfolio:
- We're Buying More Palantir and Broadcom at Attractive Levels
- Sober Savings, Prices Still Too High, Tariffs Hit Hard, More Investing News
- Weekly Roundup: Trump Trading Turbulence Fades, But Big Earnings Await
(Please note that we are looking to execute these trades at or near the share price mentioned above. Once the trade is completed, subscribers can see the trade's executed price here. Be sure to toggle the chart to sort by Purchase Date.)
At the time of publication, TheStreet Pro Portfolio was long SSSS.
