Core Insights - Findell Capital Management has completely exited its position in Valaris Limited, selling 300,000 shares for an estimated $12.6 million, as disclosed in a quarterly Form 13-F filing [2][6][8] Company Overview - Valaris Limited is a leading provider of offshore drilling services with a market capitalization of $4 billion and revenue of $2.4 billion over the trailing twelve months (TTM) [4][5] - The company reported a net income of $399 million (TTM) and generated $596 million in revenue for the latest quarter, reflecting strong operational performance [4][7][8] Stock Performance - As of the latest market close, Valaris shares were priced at $55.94, representing a 22% increase over the past year, significantly outperforming the S&P 500's 13% gain during the same period [3][8] - The stock has increased approximately 90% since its lows in April [8] Operational Highlights - Valaris has demonstrated operational efficiency, with a reported adjusted EBITDA of $163 million and a net income of $187 million for the latest quarter, up from $114 million in the previous quarter [7][8] - The company has secured contracts for all four of its active drillships with near-term availability, indicating strong demand in the offshore drilling market [8] Investment Strategy - The exit by Findell Capital suggests a strategic shift towards small- and mid-cap growth opportunities, moving away from asset-heavy businesses like offshore drilling [6][8]

Group 1 - The stock market is experiencing volatility at all-time highs, suggesting a need for portfolio rotation strategies ahead of 2026 [1] - A recommendation is made to shift portfolios into reasonably priced technology companies, reflecting the analyst's extensive experience in the sector [1] Group 2 - The analyst, Gary Alexander, has a background in covering technology companies on Wall Street and has worked in Silicon Valley, providing insights into current industry trends [1] - Alexander has been a contributor to Seeking Alpha since 2017 and has been featured in various web publications, indicating a strong presence in the investment community [1]

Core Insights - The S&P 500 is at all-time highs, primarily driven by large-cap, momentum-driven tech stocks, suggesting a potential shift in investment strategy towards small- and mid-cap value stocks [1] Group 1: Market Trends - The current market environment indicates a strong performance of large-cap tech stocks, which may not be sustainable in the long term [1] - A recommendation is made for investors to rotate their portfolios from large-cap tech to more value-oriented small- and mid-cap stocks [1] Group 2: Analyst Background - The analyst, Gary Alexander, has extensive experience in covering technology companies and has worked in both Wall Street and Silicon Valley [1] - He has been a contributor to Seeking Alpha since 2017 and has been featured in various web publications, indicating a strong presence in the investment community [1]

Core Insights - The S&P 500 is at all-time highs, primarily driven by large-cap, momentum-driven tech stocks, suggesting a potential portfolio rotation towards value-oriented small- and mid-cap stocks [1] Group 1 - The recommendation is to shift investments from large-cap tech stocks to small- and mid-cap value stocks [1] - The analyst has extensive experience in technology, having worked on Wall Street and in Silicon Valley, and has advised seed-round startups [1] - The analyst has been a contributor to Seeking Alpha since 2017 and has been featured in various web publications [1]