Special Situations
CTVA & RFL: Booking Partial Profits in Largest MP Positions
Considering the strong increase to Corteva, Inc.'s (CTVA) post-Spin share price and the significant growth at Rafael Holdings, Inc. (RFL) over the course of June (+77% run-up), we're trimming the two largest Special Situations Model Portfolio holdings to book partial profits, while still retaining stakes for future value creation ahead.

  • DuPont de Nemours (DD) Spun Off CTVA on June 3, 2019 / +10% Pop on the First Day of Trading
  • CTVA Expected to Significantly Benefit from Integration of Under-Exposed Agricultural Technology
  • RFL Spun Off from NJ-Based Telecom Player IDT in March 2018 / Previous MP Holding
  • Pharmaceutical Segment Wins Key Out-Licensing Agreement with Ono Pharma on June 25, 2019
  • Weightings Decreased by -2% (CTVA) & -5% (RFL) at the End of Today's (July 1) VWAP
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