Bank of New York Mellon (BNY) raised its stake in Strive (ASST) by 28% in the third quarter, a Form 13F filed Nov. 5 shows, lifting the position to 237,100 shares worth $6.97 million at Sept. 30 prices.

That is up 51,544 shares from the 185,556 BNY reported at June 30, when the same holding was valued at about $2.02 million. Most of the dollar jump is the stock. ASST’s implied price on the two filings rose from $10.91 at June 30 to $29.41 at Sept. 30, so the disclosed stake more than tripled in value even though the share count rose 28%.

A 13F is a snapshot, not a trading diary. BNY filed a combination report that folds in holdings across its group, so the Strive line can…

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