"Magnite offers a sell-side advertising platform for publishers of digital media, including CTV channels, websites, and applications, enabling management and monetization of digital ad inventory. The company generates revenue primarily through technology solutions that facilitate transactions between digital content sellers and buyers, leveraging a marketplace model for digital advertising inventory. It serves publishers, advertisers, agencies, and demand-side platforms seeking to buy or sell digital advertising inventory across multiple channels and formats."
"According to an SEC filing released Monday, Kopion Asset Management increased its holding in Magnite by 367,858 shares quarter-over-quarter. The estimated value of the added shares, based on the average closing price in the fourth quarter, is approximately $6.11 million. The fund ended the quarter with 614,459 shares, and the position's total value rose by approximately $4.60 million, which includes both new purchases and price changes."
"The Magnite position represented 7.13% of Kopion's 13F reportable assets at quarter-end. Top five holdings after the filing: NASDAQ: NICE: $12.03 million (8.6% of AUM) NYSE: FTI: $11.09 million (7.9% of AUM) NASDAQ: TRUP: $10.98 million (7.8% of AUM) NASDAQ: VRNS: $10.89 million (7.8% of AUM) NYSE: TNC: $9.07 million (6.5% of AUM) As of Friday, shares of Magnite were priced at $16.06, roughly flat over the past year and underperforming the S&P 500 by 15.73 percentage points."
Kopion Asset Management added 367,858 Magnite shares, representing about $6.11 million in new purchases and finishing the quarter with 614,459 shares. The position's total value rose roughly $4.60 million due to purchases and price changes, accounting for 7.13% of Kopion's 13F reportable assets. Kopion's top five holdings included NICE, FTI, TRUP, VRNS, and TNC, each comprising roughly 6.5–8.6% of assets. Magnite shares traded at $16.06 as of Friday, roughly flat over the past year and trailing the S&P 500 by about 15.73 percentage points. Magnite operates an independent sell-side advertising platform serving CTV, web, and app publishers.
Read at The Motley Fool
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