Valaris Limited Loses Major Investor, Fund Sells $13 Million Stake

Findell Capital Management sold 300,000 shares of Valaris Limited for an estimated $12.6 million in Q3, marking an exit for the fund. Valaris is a leading offshore drilling services provider with a diverse and modern rig fleet, serving international, government-owned, and independent oil and gas companies across various regions. The move represents a likely signal of the fund's rotation of exposure across cyclical and high-beta names.