Adobe Acquired Semrush Holdings (SEMR) at a 78% premium
Pernas Research LLC, which manages assets in the “Pernas Portfolio,” released its fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here.
| No. | Hedge Fund | Shares | Value | Activity | % Port |
|---|---|---|---|---|---|
| 1. | Alpine Associates Robert Emil Zoellner | 0 | $0 | 0% | |
| 2. | Syquant Capital Olivier Leymarie And Henri Jeantet | 0 | $0 | 0% |
| Insider | Price | Amount | Total Value | Remaining Holdings | Date | Form 4 |
|---|---|---|---|---|---|---|
| $0.00 | 66,667 | $0.00 | 1,946,479 | 2026-02-10 | Filing | |
| $0.00 | 144,000 | $0.00 | 3,282,040 | 2026-02-10 | Filing | |
| $14.00 | 13,000 | $182,000.00 | 13,000 | 2021-03-29 | Filing |
| Insider | Price | Amount | Total Value | Remaining Holdings | Date | Form 4 |
|---|---|---|---|---|---|---|
| $11.91 | 404,249 | $4,814,605.59 | 580,712 | 2026-03-13 | Filing | |
| $11.93 | 200,000 | $2,386,000.00 | 7,174,188 | 2026-03-09 | Filing | |
| $11.93 | 97,372 | $1,161,647.96 | 271,248 | 2026-03-05 | Filing | |
| $11.81 | 41,249 | $487,150.69 | 341,704 | 2026-03-02 | Filing | |
| $11.90 | 1,399 | $16,648.10 | 1,879,812 | 2026-01-07 | Filing |
| No. | Name | Shares | Value | % Port |
|---|---|---|---|---|
| 1. | 2,000 | $24,000 | 0% | |
| 2. | 0 | $0 | 0% | |
| 3. | 0 | $0 | 0% | |
| 4. | 0 | $0 | 0% | |
| 5. | 0 | $0 | 0% |