The holding now accounts for 1.31% of the fund’s AUM, placing it outside the fund’s top five holdings.On November 12, 2025, Staley Capital Advisers reduced its holding in Mercury Systems (MRCY 2.76%), cutting its stake by $6.51 million, according to an SEC 13-F filing.What happenedStaley Capital Advisers sold 58,820 shares of Mercury Systems in the third quarter of 2025. The transaction lowered the fund’s position to 411,310 shares, worth $31.84 million as of quarter-end.Staley Capital Advisers’ stake in Me ...

Core Insights - Trax and Aeroxchange have signed an agreement to enhance system integrations, increasing connectivity between their aviation maintenance and supply chain solutions [1][2] - The collaboration aims to provide a seamless experience across aviation maintenance and supply chain operations, allowing customers to access Aeroxchange's services directly from Trax applications [2][3] - This agreement is part of Trax's strategy to create a fully integrated digital platform, maximizing customer value from their investments [3] Company Overview - Trax is a leading provider of aviation maintenance mobile and cloud products, offering solutions that support digital signatures, paperless working, and real-time information access [3] - Aeroxchange operates as an electronic business network that supports all MRO business processes in the aviation industry, facilitating efficient communication from order creation to final invoice [4][5] Benefits of the Agreement - Enhanced integrations will lead to faster implementations, quicker troubleshooting, and reduced downtime for customers [2] - The alignment of technology roadmaps will accelerate the delivery of new features and innovations, helping airlines and MROs meet industry demands [2][3] - The partnership aims to unlock maximum benefits for mutual customers in their airline MRO operations [3]