Latest news with #Karr
Yahoo
2 days ago
- Politics
- Yahoo
Inside KELOLAND: Task force members highlight $600 million prison cap
SIOUX FALLS, S.D. (KELO) — After meeting for more than eight hours in Pierre this past week, members of South Dakota's Project Prison Reset task force have narrowed the focus of where a new men's prison should be built and how big it should be. Huron company added to prison discussion On Tuesday, task force members unanimously supported building a facility, or multiple, at existing Department of Corrections spots or at proposed sites in the Worthing or Mitchell areas. The state has previously spent more than $50 million in land purchase and design costs for a new men's prison in rural Lincoln County at a site that has now been officially rejected by the task force. The goal is to build new prison facilities to house 1,500 to 1,700 inmates with a maximum cost of $600 million. JE Dunn Construction has been tasked with bringing proposals in front of the task force at its July meeting. On this week's Inside KELOLAND, Republican Sen. Chris Karr and Democratic Sen. Jamie Smith shared what they took away from the task force's latest decisions. Karr said state lawmakers have challenged contractors and the state engineer to provide options that meet the 1,500 beds and no more than $600 million price tag. 'I look forward to hearing back at our next meeting about what they come up for us for options,' Karr said. Karr said the previous price tag for a men's prison in Lincoln County at the cost of $825 million was too high to get the necessary two-thirds majority vote in the House and Senate to be approved. 'We need to do something,' Karr said, who added the Department of Corrections' design choices of a campus style prison that is built to last 100 years dicated some of the higher costs. Smith said the longer the state continues to delay taking action, the more expensive future prison needs will become. 'If we only spend the $600 million, we've got to make sure that this is the right thing to build,' Smith said. 'If we build under way too much, we're going to be having this conversation right away again.' Smith said he believes the Department of Corrections needs more space and staff to help incorporate more rehabilitation, treatment options and vocation with inmates. 'Then it's the re-entry too,' Smith said. 'We need to get all those put together to be able to help people be successful in the future.' Karr said in 2024, 63% of the men released from a state prison served less than one year. Karr said DOC is having more success with rehabilitation in Springfield and not Sioux Falls because of a lack of space. 'We're too overcrowded in Sioux Falls,' Karr said. Smith said lawmakers should consider what policies and investments the state could make to keep people out of prison. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
14-05-2025
- Business
- Yahoo
Robert Karr's Strategic Move: Taiwan Semiconductor Manufacturing Co Ltd Takes Center Stage
Warning! GuruFocus has detected 3 Warning Sign with MSFT. Robert Karr (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2025, providing insights into his investment moves during this period. Robert Karr (Trades, Portfolio) founded Joho Capital in 1996. He is one of the Tiger Cubs, the hedge fund managers who learned from the legendary Julian Robertson at Tiger Management (Trades, Portfolio). At Tiger Management (Trades, Portfolio), his main focus was Asian equities. Karr tends to hold a concentrated portfolio in the area of new technologies, with a low portfolio turnover rate. Karr believes in the value of a simplistic approach to investing, focusing on a small number of long-term investments in order to conduct more in-depth research on each of the portfolio holdings. Robert Karr (Trades, Portfolio) added a total of 1 stock, among them: The most significant addition was Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM), with 168,000 shares, accounting for 4.82% of the portfolio and a total value of $27.888 million. Robert Karr (Trades, Portfolio) also increased stakes in a total of 1 stock, among them: The most notable increase was Adobe Inc (NASDAQ:ADBE), with an additional 29,500 shares, bringing the total to 219,400 shares. This adjustment represents a significant 15.53% increase in share count, a 1.96% impact on the current portfolio, with a total value of $84,146,480. Robert Karr (Trades, Portfolio) completely exited 3 of the holdings in the first quarter of 2025, as detailed below: Bumble Inc (NASDAQ:BMBL): Robert Karr (Trades, Portfolio) sold all 675,000 shares, resulting in a -0.95% impact on the portfolio. Constellation Brands Inc (NYSE:STZ): Robert Karr (Trades, Portfolio) liquidated all 9,815 shares, causing a -0.38% impact on the portfolio. Robert Karr (Trades, Portfolio) also reduced position in 1 stock. The most significant changes include: Reduced Quanta Services Inc (NYSE:PWR) by 18,450 shares, resulting in a -7.45% decrease in shares and a -1.01% impact on the portfolio. The stock traded at an average price of $288.97 during the quarter and has returned 20.80% over the past 3 months and 9.13% year-to-date. At the first quarter of 2025, Robert Karr (Trades, Portfolio)'s portfolio included 8 stocks, the top holdings included 36.07% in Microsoft Corp (NASDAQ:MSFT), 20.47% in Dutch Bros Inc (NYSE:BROS), 14.54% in Adobe Inc (NASDAQ:ADBE), 12.48% in Uber Technologies Inc (NYSE:UBER), 10.06% in Quanta Services Inc (NYSE:PWR). The holdings are mainly concentrated in 4 of all the 11 industries: Technology, Consumer Cyclical, Industrials, Consumer Defensive. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus.
Yahoo
14-05-2025
- Business
- Yahoo
Robert Karr's Strategic Move: Taiwan Semiconductor Manufacturing Co Ltd Takes Center Stage
Warning! GuruFocus has detected 3 Warning Sign with MSFT. Robert Karr (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2025, providing insights into his investment moves during this period. Robert Karr (Trades, Portfolio) founded Joho Capital in 1996. He is one of the Tiger Cubs, the hedge fund managers who learned from the legendary Julian Robertson at Tiger Management (Trades, Portfolio). At Tiger Management (Trades, Portfolio), his main focus was Asian equities. Karr tends to hold a concentrated portfolio in the area of new technologies, with a low portfolio turnover rate. Karr believes in the value of a simplistic approach to investing, focusing on a small number of long-term investments in order to conduct more in-depth research on each of the portfolio holdings. Robert Karr (Trades, Portfolio) added a total of 1 stock, among them: The most significant addition was Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM), with 168,000 shares, accounting for 4.82% of the portfolio and a total value of $27.888 million. Robert Karr (Trades, Portfolio) also increased stakes in a total of 1 stock, among them: The most notable increase was Adobe Inc (NASDAQ:ADBE), with an additional 29,500 shares, bringing the total to 219,400 shares. This adjustment represents a significant 15.53% increase in share count, a 1.96% impact on the current portfolio, with a total value of $84,146,480. Robert Karr (Trades, Portfolio) completely exited 3 of the holdings in the first quarter of 2025, as detailed below: Bumble Inc (NASDAQ:BMBL): Robert Karr (Trades, Portfolio) sold all 675,000 shares, resulting in a -0.95% impact on the portfolio. Constellation Brands Inc (NYSE:STZ): Robert Karr (Trades, Portfolio) liquidated all 9,815 shares, causing a -0.38% impact on the portfolio. Robert Karr (Trades, Portfolio) also reduced position in 1 stock. The most significant changes include: Reduced Quanta Services Inc (NYSE:PWR) by 18,450 shares, resulting in a -7.45% decrease in shares and a -1.01% impact on the portfolio. The stock traded at an average price of $288.97 during the quarter and has returned 20.80% over the past 3 months and 9.13% year-to-date. At the first quarter of 2025, Robert Karr (Trades, Portfolio)'s portfolio included 8 stocks, the top holdings included 36.07% in Microsoft Corp (NASDAQ:MSFT), 20.47% in Dutch Bros Inc (NYSE:BROS), 14.54% in Adobe Inc (NASDAQ:ADBE), 12.48% in Uber Technologies Inc (NYSE:UBER), 10.06% in Quanta Services Inc (NYSE:PWR). The holdings are mainly concentrated in 4 of all the 11 industries: Technology, Consumer Cyclical, Industrials, Consumer Defensive. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
Robert Karr's Strategic Move: Taiwan Semiconductor Manufacturing Co Ltd Takes Center Stage
Warning! GuruFocus has detected 3 Warning Sign with MSFT. Robert Karr (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2025, providing insights into his investment moves during this period. Robert Karr (Trades, Portfolio) founded Joho Capital in 1996. He is one of the Tiger Cubs, the hedge fund managers who learned from the legendary Julian Robertson at Tiger Management (Trades, Portfolio). At Tiger Management (Trades, Portfolio), his main focus was Asian equities. Karr tends to hold a concentrated portfolio in the area of new technologies, with a low portfolio turnover rate. Karr believes in the value of a simplistic approach to investing, focusing on a small number of long-term investments in order to conduct more in-depth research on each of the portfolio holdings. Robert Karr (Trades, Portfolio) added a total of 1 stock, among them: The most significant addition was Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM), with 168,000 shares, accounting for 4.82% of the portfolio and a total value of $27.888 million. Robert Karr (Trades, Portfolio) also increased stakes in a total of 1 stock, among them: The most notable increase was Adobe Inc (NASDAQ:ADBE), with an additional 29,500 shares, bringing the total to 219,400 shares. This adjustment represents a significant 15.53% increase in share count, a 1.96% impact on the current portfolio, with a total value of $84,146,480. Robert Karr (Trades, Portfolio) completely exited 3 of the holdings in the first quarter of 2025, as detailed below: Bumble Inc (NASDAQ:BMBL): Robert Karr (Trades, Portfolio) sold all 675,000 shares, resulting in a -0.95% impact on the portfolio. Constellation Brands Inc (NYSE:STZ): Robert Karr (Trades, Portfolio) liquidated all 9,815 shares, causing a -0.38% impact on the portfolio. Robert Karr (Trades, Portfolio) also reduced position in 1 stock. The most significant changes include: Reduced Quanta Services Inc (NYSE:PWR) by 18,450 shares, resulting in a -7.45% decrease in shares and a -1.01% impact on the portfolio. The stock traded at an average price of $288.97 during the quarter and has returned 20.80% over the past 3 months and 9.13% year-to-date. At the first quarter of 2025, Robert Karr (Trades, Portfolio)'s portfolio included 8 stocks, the top holdings included 36.07% in Microsoft Corp (NASDAQ:MSFT), 20.47% in Dutch Bros Inc (NYSE:BROS), 14.54% in Adobe Inc (NASDAQ:ADBE), 12.48% in Uber Technologies Inc (NYSE:UBER), 10.06% in Quanta Services Inc (NYSE:PWR). The holdings are mainly concentrated in 4 of all the 11 industries: Technology, Consumer Cyclical, Industrials, Consumer Defensive. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-05-2025
- Politics
- Yahoo
Karr appoints himself to Capitol restoration panel
PIERRE, S.D. (KELO) — Turns out that a state lawmaker's first meeting last month as a member of the panel that decides how the South Dakota Capitol looks also was her last. Republican Sen. Helene Duhamel has received an official letter telling her that she no longer has a seat on the Capitol Complex Restoration and Beautification Commission. Taking her place is Republican Sen. Chris Karr. Tulips faced tough growing conditions The same man who, as the Senate's president pro tem, happens to hold the authority under state law to decide who among the Senate's 35 members should be on the commission. If that's not unusual enough, there's more. The commission met on April 16. By some unexplained coincidence, the letter to Duhamel, telling her she was done, also happened to be dated April 16. The letter surprised Duhamel. She said Karr never called her. As to why he chose himself, she can only guess. The commission's meeting was its first since a year ago. The Legislature in 2024 passed a law adding two seats, one for a member of the House and one for a member of the Senate. Republican Lee Schoenbeck, who was Senate president pro tem last year and didn't seek re-election, appointed Duhamel to the Senate seat. Karr, who was chosen by the other senators as their president pro tem this year, said he somehow mistakenly reappointed Duhamel. He told KELOLAND News on Wednesday he wasn't quite sure how the slipup occurred. 'I get these sheets, and it says, here's a list of all the appointments you have to make, and I got that right away at the beginning of session,' Karr said. 'And throughout session, I was trying to figure out each of those things. 'And I guess at some point in the process, I had told Rachael (Person, chief of legislative operations) that I was just going to leave that one alone. But then when I submitted the paper, I forgot that I did that, because I asked and called Rachael, and she goes, 'No, you told me that you were going to leave it,'' he continued. 'So it is my fault if there is confusion on this. A lot of moving parts during session, and I was — I guess I didn't recall that conversation. I don't know what happened. I'll own it.' So why wasn't he at the commission meeting? 'I wasn't at the meeting because I hadn't been notified that, because normally when you appoint, you get this e-mail letter saying, Hey, you're on this thing and here's what it is and here's what it's going to be, and I never received that,' Karr said. During the meeting, the commission decided how it would spend $3 million that the Legislature had appropriated this year for fixing up the Capitol: $300,000 to $500,000 for plastering and painting; $1.3 million to renovate the stained glass above the rotunda on the interior of the Capitol's dome; and $1.2 million for a long-term renovation plan. The commission's other legislative member, House Speaker Jon Hansen, wanted the panel to wait so he could hear from other lawmakers. Duhamel disagreed and said the commission should proceed. Duhamel thought that her disagreement with Hansen perhaps led to her removal. But Karr in the interview with KELOLAND News sounded unaware. How would Karr have voted, had he been there? 'I don't know all the details of what they considered. I haven't gone back and listened to it. I haven't had a chance,' he said. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. For the latest news, weather, sports, and streaming video, head to
