New York City-based BeaconLight Capital sold 175,624 shares of Resideo Technologies in the third quarter, yet the position value increased by $9.75 million due to surging shares. The fund reported holding 645,028 REZI shares valued at $27.85 million, making it their largest position. Despite the reduction, REZI remained their top holding at 13.74% of AUM. Resideo Technologies reported record net income of $156 million in the third quarter, with other strong financial metrics. The company offers comfort, thermal, and security solutions globally, positioning it competitively in the industry. Shares of REZI were up 48% over the past year, outperforming the S&P 500.

Read more at Yahoo Finance: Why This Fund Trimmed a $28 Million Resideo Stake Despite a Booming Stock Rally