Core Viewpoint - Douglas Lane & Associates sold 65,461 shares of Lamb Weston Holdings for an estimated $3.85 million, reflecting a strategic move in response to market conditions and portfolio management [2][3][11] Company Overview - Lamb Weston Holdings generates revenue primarily through sales of frozen potato products, with a total revenue of $6.47 billion and a net income of $392.30 million [5][9] - The company has a dividend yield of 3.5% and its shares were priced at $44.32 as of January 21, 2026 [5] Recent Performance - In the latest quarter, Lamb Weston reported a 1% year-over-year increase in net sales to $1.62 billion, with net income turning positive at $62.1 million compared to a loss of $36.1 million a year earlier [11] - The company reiterated its full-year guidance, targeting sales between $6.35 billion and $6.55 billion, and adjusted EBITDA of up to $1.20 billion, alongside a 3% increase in quarterly dividends [11] Market Position - As of January 21, shares of Lamb Weston were down 27.5% over the past year, significantly underperforming the S&P 500 by 41.14 percentage points [4][11] - The decline in share price is attributed to pricing pressure, customer concessions, and uneven international utilization, impacting market sentiment [12] Holdings and Transactions - Following the sale, Douglas Lane held 1,213,884 shares of Lamb Weston valued at $50.85 million, with the position's value decreasing by $23.45 million over the period due to both sales and price changes [3][7]

Financial Performance - Old Republic's total shareholder return for the past 10 years was 170%[3] - The company has raised its annual cash dividend for the past 44 years[4] - As of December 31, 2025, the market capitalization was $1124 billion and the stock price was $4564[6] - Shareholders' equity was $591 billion, with a book value per share (BVPS) of $2421[6] - Trailing four-quarter operating income was $7925 million, resulting in earnings per share (EPS) of $315 and an operating return on equity (ROE) of 141%[6] - Net premiums and fees earned increased by 98% in the fourth quarter of 2025, reaching $213 billion, driven by Specialty Insurance (up 83%) and Title Insurance (up 124%)[22] - The regular quarterly dividend was increased by 94% to $029[23] Business Segments - Specialty Insurance accounted for 67% of the $89 billion in 2025 operating revenue, while Title Insurance accounted for 33%[29] - The Title Insurance business holds a 140% market share, ranking it third largest in the industry[51] - Gross premiums and fees for Specialty Insurance in fiscal year 2025 totaled $878 billion[35] Capital Management - Since December 31, 2016, Old Republic has distributed $69 billion in dividends and share repurchases[4] - The company has $856 million remaining authorized for share repurchases[24, 66] - The investment portfolio is composed of 85% fixed income and 15% equities, totaling $168 billion[74]

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Core Insights - Verist Inc. is expanding its insurance platform with enhanced underwriting capabilities and increased Umbrella and Excess (XS) liability capacity, focusing on middle market and large account commercial business [1][5] - The company serves complex business risks across various sectors, including real estate, hospitality, financial institutions, professional services, and life sciences [2][5] Company Overview - Verist operates as a Managing General Underwriter (MGU), providing tailored insurance programs that address unique risk profiles and operational complexities of different industries [2] - The company writes core commercial insurance lines such as General Liability, Workers' Compensation, Commercial Auto, and Property, offering comprehensive risk transfer solutions [3] Service Model - Verist employs a white-glove service model that delivers personalized client experiences, combining responsive service with strategic risk guidance and underwriting excellence [4] - This approach aims to help commercial clients secure appropriate coverage in a challenging market while ensuring long-term program stability [4] Leadership Perspective - The CEO of Verist, Michael Chang, emphasized the company's commitment to innovation and its focus on expanding capacity, underwriting expertise, and product development to assist clients in navigating complex risk environments [5]

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Core Insights - The Fidelity Limited Term Bond ETF (FLTB) focuses on shorter-duration, investment-grade U.S. corporate credit while allowing flexibility in allocation across high-quality taxable sectors [1] - The fund typically invests at least 80% of its assets in investment-grade debt and repurchase agreements, utilizing a composite policy benchmark for risk budgeting [1] - Portfolio construction aims for limited interest-rate sensitivity, diversified issuer exposure, and strict trading/liquidity controls [1] Investment Strategy - The investment strategy is driven by bottom-up fundamental research, quantitative relative-value models, and top-down macro views [1] - Sector rotation, issuer selection, and yield-curve posture are key components of the strategy [1] - Securitized assets and Treasuries are used to provide liquidity and stability, while non-core allocations are limited [1] Risk Management - Risk is managed through pre-trade analytics, scenario/curve stress tests, and cross-sector relative-value dashboards [1] - Independent oversight is part of the risk management framework [1] - The sell/trim discipline is based on spread normalization, thesis breaks, deteriorating fundamentals, or better risk-adjusted alternatives [1]

Core Viewpoint - The First Trust Managed Municipal ETF (FMB US) employs an investment strategy focused on generating federally tax-exempt income through a diversified portfolio of U.S. municipal bonds, primarily from investment-grade issuers, while selectively including below-investment-grade or unrated bonds when favorable [1] Portfolio Construction Methodology - The portfolio construction methodology integrates top-down sector and curve analysis with bottom-up credit underwriting, assessing revenue pledges, covenants, call structures, and issuer financials [1] - The strategy incorporates various risks, including event, liquidity, and downgrade risks, while balancing duration and convexity to align with intermediate municipal risk [1] - Diversification is achieved by state, sector, and issuer, with careful management of position sizes to ensure issuer-level liquidity [1] - The use of taxable equivalents, pre-refunded, and escrowed-to-maturity structures is opportunistic, based on relative value assessments [1] Risk Management - Risk management practices involve monitoring spread and curve factors, as well as call and extension risks, and credit migration [1] - Continuous trading and rebalancing are conducted, rotating among different structures and maturities as market valuations, technical factors, or credit conditions change [1]

Core Insights - The valuation of AppLovin Corp. (APP) stock is enhanced by the company's growth catalysts at full scale, particularly through its self-service platform and Axon Manager [1] Group 1: Company Overview - AppLovin Corp. is positioned to leverage its growth catalysts effectively, indicating a strong potential for future performance [1] Group 2: Growth Catalysts - Key growth catalysts for AppLovin include the self-service platform and Axon Manager, which are expected to drive the company's expansion [1]

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As filed with the U.S. Securities and Exchange Commission on January 16, 2026 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 INSPIRE VETERINARY PARTNERS, INC. (Exact Name of Registrant as Specified in Its Charter) | Nevada | 8900 | 85-4359258 | | --- | --- | --- | | (State or jurisdiction of | (Primary Standard Industrial | (I.R.S. Employer | | incorporation or organization) | Classification Code ...