GraniteShares sold 171,052 shares of Outfront Media in a $3.13 million transaction, marking a 1.9% shift in assets under management and a full exit from the holding. As of January 20, Outfront Media shares were priced at $24.61, up 40.1% over the past year. The company reported revenue of $467.5 million in the third quarter, with transit advertising showing significant growth. The move to sell Outfront Media shares frees up capital for GraniteShares in favor of larger, faster-growing holdings like Microsoft and Alphabet. This indicates a strategic shift in the fund’s portfolio towards more lucrative opportunities.

Read more at Nasdaq.: Outfront Media Surges 40% in One Year, Then Gets Cut Loose Despite ‘Exceptional Performance’