What a $26 Million Cut in Kinetik Shares Signals Amid a 38% Stock Slide
Kinetik Kinetik (US:KNTK) The Motley Fool·2025-12-26 02:18

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 25.98millionforthequarter.WhatHappenedAccordingtoaU.S.SecuritiesandExchangeCommission(SEC)filingdatedNovember14, SIRCapitalManagementsold583,116sharesofKinetikHoldings(KNTK+0.4825.98 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 ...