Rockingstone Advisors Acquires $5 Million in Tower Semiconductor Despite 191% Stock Surge

Rockingstone Advisors disclosed a new position in Tower Semiconductor, purchasing 45,100 shares worth an estimated $5.30 million. The new position represents 2.41% of the fund's $219.49 million in reportable AUM as of December 31. Tower Semiconductor shares were priced at $132.62, up 191.5% over the prior year, and the company's third-quarter revenue rose to $396 million, up 6% sequentially.