Readystate reveals $20.2 million Compass stake among five new positions

Readystate Asset Management LP increased or initiated positions in five publicly traded companies during the second quarter, according to regulatory filings. Its largest reported new investment was a roughly $20.2 million stake in Compass, while it also acquired about $9.3 million of Helmerich & Payne and $3.2 million of Ormat Technologies. The firm increased its Bath & Body Works holdings by 75.4% to about $2.6 million and more than doubled its Liberty Broadband position to approximately $24.8 million. Other institutional investors also adjusted their positions across the companies, which are heavily held by hedge funds and other large investors. The filings reflect portfolio changes but do not explain the investment rationale or indicate whether Readystate plans to retain the positions.