Shepherd Wealth Management sold its entire stake of 15,726 shares in Pathward Financial, valued at $10.06 million based on quarterly pricing. This move resulted in a $10.06 million decrease in the fund’s position value, representing a complete exit from the stock which previously accounted for 6.7% of their AUM.

The firm also made significant changes to its portfolio, reallocating funds to water resources and exiting high-profile positions in companies like Pathward Financial and Axon Enterprise. Shepherd Wealth Management established a large position in Invesco Water Resources ETF, now their largest holding, while reducing exposure to big tech and adding a new position in uranium miner Cameco.

Investors may want to consider the potential opportunities in water infrastructure and nuclear energy based on Shepherd Wealth Management’s strategic repositioning. This bold move towards water resources, with a concentrated 27% allocation, indicates a belief in the growth potential in these sectors. Monitoring water scarcity and infrastructure development could be key investment themes going forward.

Read more at Nasdaq: Investment Firm Bets Big on Water Scarcity, Liquidates Regional Bank and Cuts Big Tech