Vanguard Reports Over $400 Million Floating Loss on Circle Investment
The asset manager's latest SEC filing reveals a $339.4 million stake in Circle, significantly down from the initial $739.6 million cost basis.
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Terms & Concepts
SEC 13F Filing: A quarterly report filed by institutional investment managers with over $100 million in qualifying assets, disclosing their U.S. equity holdings.
Floating Loss: Also known as an unrealized loss, this refers to a decrease in the market value of an asset held by an investor that has not yet been sold.