The Globe and Mail reports in its Saturday edition that Rebecca Teltscher, portfolio manager at Newhaven Asset Management, has been selling Aecon Group. The Globe's Brenda Bouw writes that Aecon is a stock that Newhaven has been trimming since it surpassed $30 a share in December last year. "Our average cost basis for Aecon is $16, and for some clients, we initially purchased the stock below $10 in 2022. The company faced some challenges because of legacy fixed-price contracts, resulting in a period of underperformance and creating an attractive buying opportunity. During this time, we bought shares at favourable prices and collected dividends as we patiently awaited the stock's recovery. Over the subsequent years, Aecon's backlog reached record levels, supported by robust government infrastructure spending, increasing demand in the power sector, nuclear refurbishments and expansion into the U.S. As a result, the company's outlook has significantly improved. While we remain positive about Aecon's prospects and continue to hold the stock, we recognize its cyclical nature. As a result, we've opted to trim our position." Ms. Teltscher has advice for investors worried about volatile markets: Be patient and do nothing.