Skip to main content
No. of Recommendations: 7
Here's a screaming headline today from an article on Insider Monkey...

Here’s Why Vulcan Value Partners Reduced its Upstart (UPST) Stake

They referenced the first quarter letter of Vulcan. Here's what Vulcan's letter actually said:

Upstart Holdings Inc. is an artificial intelligence (AI) and cloud-based lending platform. Upstart’s
stock price has been very volatile, but its value has grown steadily. Last year, the company grew its
revenue by over 250% organically, which materially exceeded our expectations. In addition, the
company continues to generate robust free cash flow and is launching new products to expand its
business. Upstart’s value has increased consistently since we first purchased it. Following our
discipline, we have added to our position when its stock price has declined and its price to value
ratio has improved, and we have reduced our stake when its stock price has risen faster than its

If the author had bothered to check the SEC filings he'd have seen that Vulcan has increased
its stake from 5.9% on 12/31/2021 to 8.6% on 3/31/2022.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.