Why a Fund Ditched a $5.1 Million Riot Platforms Stake Amid a Strong Run

Riot just posted its strongest quarter ever, so why would a concentrated fund head for the exits now?On November 14, New York City-based 13D Management reported in its quarterly filing that it fully exited its position in Riot Platforms, Inc, reducing exposure by $5.12 million.What HappenedAccording to a recent SEC filing dated November 14, 2025, 13D Management LLC liquidated its entire holding in Riot Platforms (RIOT 3.66%). The fund sold all 453,272 shares, removing a position valued at approximately $5.1 ...