Why a Fund Trimmed an $18 Million Stake in Primo Brands Amid a 47% Stock Drop

Key Points New York City-based Nitorum Capital sold 420,586 PRMB shares in the third quarter. The move contributed to an $18.53 million reduction in reported position value. As of September 30, the fund reported holding 807,547 shares valued at $17.85 million. These 10 stocks could mint the next wave of millionaires › New York City-based Nitorum Capital disclosed a sale of 420,586 shares of Primo Brands Corporation (NYSE:PRMB), reducing its position by an estimated $18.53 million, according to a ...