Louisbourg Investments disclosed a sale of 73,600 shares of OR Royalties (NYSE:OR) on January 16, according to an SEC filing. The transaction was valued at an estimated $2.58 million based on the average share price during the quarter.
The fund's quarter-end position value in OR Royalties declined by $3.96 million, reflecting both the share sale and market price movements. After the sale, Louisbourg reported holding 219,271 shares of OR Royalties, valued at $7.78 million.
This holding represents 1.55% of the fund's reported assets under management. Other top holdings in the filing include Canadian National Railway (NYSE:CNI) at $28.72 million, Alphabet (NASDAQ:GOOGL) at $14.78 million, Microsoft (NASDAQ:MSFT) at $13.29 million, iShares Core S&P 500 ETF (NYSEMKT:IVV) at $12.25 million, and Wheaton Precious Metals (NYSE:WPM) at $10.80 million.
As of January 15, OR Royalties shares were trading at $40.84. The stock has increased by 119.5% over the past year, significantly outperforming the S&P 500's approximate 17% gain during the same period.
OR Royalties operates a royalty and streaming business model focused on precious metals, primarily gold assets such as the Canadian Malartic mine. The company provides financing solutions to mining operators and project developers in exchange for rights to a portion of production or revenues.
The company reported a market capitalization of $7.75 billion, with trailing twelve-month revenue of $243.65 million and net income of $147.95 million.