Jim Cramer’s trust exits Dover to fund new Micron position

Jim Cramer’s Charitable Trust has completed its Dover exit, selling its remaining 195 shares at roughly $211 and ending its position in the industrial company. The Jim Cramer Dover Micron sale frees room in the trust portfolio for a newly opened Micron position, according to CNBC.

For individual investors, the transaction is a disclosure about one managed portfolio’s shift in holdings, not a recommendation to buy or sell either company. CNBC said the Investing Club information does not guarantee an outcome or profit.

Why did Jim Cramer’s trust sell Dover for Micron?

The trust tied its decision to Dover’s July 23 earnings report, which it described as mixed. It said Dover lost some sales while trying to increase production in its CO2 refrigeration business at the same time as it consolidated its manufacturing operations.

The trust characterized that production issue as temporary and capable of being fixed. That assessment is why it did not immediately sell after Dover’s shares fell from around $214 to about $198 following the report, CNBC said. Still, it had said before the results that the quarter would determine whether Dover remained in the portfolio.

A position is the amount of a security an investor or portfolio owns. Exiting a position means selling all of it. In this case, the trust’s Dover holding will fall to zero after the final 195-share sale.

How the Dover exit unfolded

The final transaction followed an earlier reduction rather than an abrupt sale after earnings. On Aug. 3, the trust sold 90 Dover shares at about $204 and said it would retain 195 shares, according to CNBC. It described that move as part of a plan to wind down the holding after the post-earnings pullback.

• After Dover’s July 23 report, shares moved from about $214 to roughly $198, according to the trust’s account.
• On Aug. 3, the trust sold 90 shares at roughly $204, while retaining 195 shares.
• On Aug. 11, it sold the remaining 195 shares at roughly $211 to eliminate the position and make room for Micron.

CNBC reported that Dover was about $3 below its closing price before the earnings release when the final sale was announced. The trust said the completed exit would produce an average gain of about 19% on Dover shares acquired between December 2024 and July 2025.

That reported figure should not be compared directly with the gain disclosed for the first sale. The trust had said the Aug. 3 tranche would generate an average gain of about 10% on shares bought in late 2024, a different purchase period and subset of the overall holding.

The trust said Micron was initiated earlier on Aug. 11. The disclosed Dover trade identifies the portfolio funding decision, while providing no performance assurance for the new holding.

This story draws on original reporting from CNBC.