Key Points
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Progeny 3, Inc. sold 1,872,400 Caesars shares; estimated trade size $50.60 million (based on quarterly average price)
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Quarter-end position value declined by $50.60 million, reflecting both share sale and price movement
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Transaction represented a 2.72% change in 13F reportable assets under management
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Post-trade stake: 0 shares, $0 value
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Position was previously 2.6% of the fund’s AUM as of the prior quarter
What happened
According to a SEC filing dated February 17, 2026, Progeny 3, Inc. sold its entire holding of 1,872,400 shares in Caesars Entertainment (NASDAQ:CZR). The estimated value of the transaction was $50.60 million, calculated using the average closing price for the quarter. The fund’s quarter-end position value in…