“White-Haired Stock God” Serenity: JPMorgan Chase Increases Holdings in Sivers, Signaling Institutional Funds Entering the Market

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Mars Finance reported that on June 8, “White-Haired Stock God” Serenity said the market may be underestimating the significance of JPMorgan disclosing that it holds more than 5.25% of Sivers ($SIVE) shares. He noted that a $135 million investment is not large for major U.S. institutions, but because it is limited by the number of circulating shares, institutions can only gradually absorb shares from retail investors. Serenity believes JPMorgan’s entry sends a signal to other institutions that large funds are buying circulating shares, which may further attract additional institutional capital to follow. At the same time, because Sivers’ circulating shares have relatively high short positions, short institutions—including some Swedish hedge funds and quantitative funds—may face buy-to-cover pressure. This event once again validates the investment logic of “retail investors positioning ahead of institutions,” and may become an important signal for the next CPO super cycle. Previously, Serenity said JPMorgan increased its holdings of Sivers to above 5% within the past month, which was the first clear sign that Sivers is seeing large-scale absorption of circulating shares by major institutional funds.
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