Wolverine’s 34% Stock Price Drop Tests a New $54 Million Institutional Bet

The timing tells a far more interesting story than the filing itself, and it says a lot about how conviction gets tested when guidance disappoints.

On November 13, Hong Kong-based Oxbow Capital Management disclosed a new position in Wolverine World Wide (WWW 0.08%) valued at $54.43 million, according to an SEC filing.

What Happened

According to a U.S. Securities and Exchange Commission (SEC) filing dated November 13, Oxbow Capital Management initiated a new equity position in Wolverine World Wide (WWW 0.08%) during the third quarter. The fund acquired 1.98 million shares, bringing its quarter-end stake in the company to $54.43 million or 9.5% of its $570.77 million in reportable U.S. equity assets.

What Else to Know

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