Who knows, they hold Lark in the microcap fund, they don't seem to have a mandate limiting their exposure to one single investment (they have a limit for unlisted investments of 20%, and a max cash balance of 20%). So that includes substantial ownership in, or portfolio allocation towards one company - therefore nothing stopping them from getting to 20% other than their own conviction...
Lark is their biggest fund position (5.1%) per their March 2022 report (circa $250m fund).
This seems to be their highest conviction play as it is the largest holding and they are aggressively adding to it.
They know they cant liquidate it in a hurry, that further adds to their conviction IMHO.
LRK Price at posting:
$3.60 Sentiment: Buy Disclosure: Held
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