Why One Fund Just Invested $21 Million in This Once High-Flying Software Stock
Boston-based Solel Partners disclosed a new stake in Braze (NASDAQ:BRZE), adding 745,900 shares valued at approximately $21.2 million during the third quarter, according to an SEC filing on Friday.
On Friday, Solel Partners LP reported a new equity position in Braze, acquiring 745,900 shares with an estimated value of $21.2 million. The transaction, disclosed in a Securities and Exchange Commission (SEC) filing, reflects activity as of the quarter ended September 30. The new holding accounted for 4.1% of the fund’s $519.8 million in reportable U.S. equity assets.
Top holdings after the filing:
Source Fool.com