IJR News — today's news from every sideJared Kim The industry working group on tokenized markets could finally push consistent standards if the big players actually follow through. Rakuten Raises Palantir Stake, Reports Target at $215Business — Aug 29, 2026Rakuten Investment Management Inc. expanded its stakes in several U.S. equities in Q2, boosting Palantir by 15.2% to 546,398 shares (about $63.2 million) and establishing or increasing positions in Electronic Arts, Norfolk Southern, S&P Global, and Texas Instruments. The fund also acquired 56,239 EA shares (~$11.5 million), 36,730 NSC shares (~$11.6 million), 49,588 SPGI shares (~$20.3 million), and 263,737 TXN shares (~$75.3 million), illustrating broad diversification across tech and industrials.
Pakistan Regains B Rating Following S&P Upgrade — Jul 22, 2026S&P Global Ratings upgraded Pakistan’s long-term sovereign credit rating to B from B- with a stable outlook, crediting stronger institutions, sustained IMF-backed reforms, improved fiscal discipline, and a sharp rise in foreign exchange reserves to about $25.3 billion, boosting external financing capacity. The upgrade, welcomed by the government, is expected to boost international investor confidence, support continued growth and reform momentum, and open up new financing opportunities as Pakistan pursues a stronger fiscal stance in the coming years.
Summit Global Cuts Stakes Across Stocks in Q1Finance — Jul 21, 2026Summit Global Investments reduced its stakes in five companies and funds in the first quarter, cutting positions in COR, LMT, CME Group, the SPDR Portfolio S&P 600 Small Cap ETF (SPSM), and NiSource by substantial margins (27.4%, 41.8%, 34.1%, 63.3%, and 37.4%, respectively) as it adjusted its portfolio. The moves affected holdings across diversified sectors, with remaining positions valued in the millions of dollars according to the latest SEC filings.
Barometer Expands Global Equity Stakes Across Firms — Jul 22, 2026Barometer Capital Management Inc. boosted stakes in five companies in Q1: Rio Tinto (RIO) with 21,600 shares (~$2.0 million), SPDR S&P Oil & Gas Equipment & Services ETF (XES) with 5,100 shares (~$593,000), Korea Electric Power Corporation (KEP) with 71,600 shares (~$1.02 million), POSCO (PKX) with 23,800 shares (~$1.39 million), and HudBay Minerals (HBM) with 33,750 shares (~$705,000). These moves reflect broader hedge-fund activity as other institutions also adjusted positions across these equities, signaling a reshaping of portfolios among energy, utilities, and mining names.
