Louisbourg Investments sold 73,600 shares of OR Royalties in Q4, with an estimated transaction value of $2.58 million based on average pricing. The fund reported holding 219,271 OR shares valued at $7.78 million post-sale, reflecting a decline in quarter-end position value by $3.96 million due to sales and price movements.

Louisbourg Investments reduced its position in OR Royalties by 73,600 shares, resulting in an estimated transaction value of approximately $2.58 million. The company’s quarter-end position value shifted by $3.96 million, including trading and market price effects. The fund now holds 219,271 OR shares, representing 1.55% of reported AUM.

OR Royalties shares were priced at $40.84 as of January 15, up 119.5% over the past year. The company delivered 80,775 gold-equivalent ounces in 2025, hitting the top end of guidance and posting record annual revenue of $277.4 million with a cash margin of roughly 97%.

Louisbourg Investments trimmed its OR Royalties position by $2.6 million after the company’s strong performance, with shares up nearly 120% over the past year. The fund’s remaining 219,000 shares represent about 1.6% of reported assets, aligning with other large holdings like Canadian National and Wheaton Precious Metals. Profit-taking reflects portfolio balance rather than loss of faith.

Read more at Nasdaq: Up 119% in a Year, This Gold Royalty Stock Just Saw a $2.6 Million Trim Amid a Historic Run