Icon Advisers Boosts RH Stake 692%
Icon Advisers Inc. Co. expanded or initiated positions across several holdings in the first quarter, underscoring active portfolio adjustments. The firm boosted its stake in RH by 692.1%, holding 22,180 shares valued at about $3.1 million, while Insider transactions at RH also showed a director selling and another purchasing additional shares. In Eaton Vance Senior Floating-Rate Trust, Icon increased its position by 117.7% to 108,870 shares, worth roughly $1.15 million. The adviser trimmed its T-Mobile US stake by 84.9% to 2,970 shares, valued at about $624,000. Icon also established a new position in Invesco Senior Income Trust with 518,888 shares valued around $1.67 million. Overall, Icon Advisers’ activity highlights a pattern of selective increases in some income-focused and consumer stock bets while paring exposure in a large telecom holding, reflecting a diversified but opportunistic approach in the quarter.
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