Why One Fund Made Ramaco Resources a $182 Million Bet Amid a Staggering Stock Surge
01/01/2026 08:30 PM • Discovery Capital Management significantly increased its stake in Ramaco Resources by 4.18 million shares in Q3, bringing its total position to 5.53 million shares valued at $182.21 million, making it the fund's largest holding. The metallurgical coal producer's stock has surged 78% over the past year, outperforming the S&P 500. Despite a challenging coal market with 28% revenue decline, Ramaco maintains a strong balance sheet with record liquidity of $272 million and is diversifying into rare earth and critical minerals development.
METC - Strong institutional backing from a major fund increasing position by $164.67 million, 78% stock surge outperforming S&P 500, record liquidity of $272 million, and strategic diversification into rare earth minerals provide optionality beyond traditional coal exposure. Despite near-term headwinds in coal pricing, the company demonstrates operational discipline and financial strength.
Investing.com • Leo Miller