CIK 1012091
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2018-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.
As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).
Computing…
Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.
| Industry group | Weight | Names |
|---|---|---|
| Unclassified | 66.11% | 7 |
| Specialty Retail | 12.43% | 1 |
| Commercial Services & Supplies | 8.94% | 1 |
| Technology Hardware & Equipment | 7.17% | 1 |
| Metals & Mining | 5.36% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | ARCH COAL INC | Unclassified | 21.92% | |
| 2 | M | Macy's, Inc. | Consumer Discretionary | 12.43% |
| 3 | VVR | INVESCO SR INCOME TR | Unclassified | 10.56% |
| 4 | OI SA-ADR | Unclassified | 9.75% | |
| 5 | XJQCX | NUVEEN CR STRATEGIES INCOME | Unclassified | 9.73% |
| 6 | URI | UNITED RENTALS, INC. | Industrials | 8.94% |
| 7 | CALIFORNIA RES CORP | Unclassified | 7.93% | |
| 8 | PBI | PITNEY BOWES INC /DE/ | Information Technology | 7.17% |
| 9 | CSTM | CONSTELLIUM SE | Materials | 5.36% |
| 10 | FRONTIER COMMUNICATIONS CORP | Unclassified | 5.19% |
4/11 names classified · sector 33.9% of weight · industry 33.9% · mkt cap 33.9%; unclassified names shown, never dropped.
Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 33.9% of the book is sector-classified (unclassified names shown, never dropped).
Only 34% of book weight classified — the grid is NOT representative of the whole book.
Classified: 33.9% of book weight (4/7 names) · unclassified 66.1%: , VVR, XJQCX. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.
No contribution data for this period.
| # | Security | Shares | Value | Weight | Δ QoQ |
|---|---|---|---|---|---|
| 1 | ARCH COAL INC | 276,382 | $25M | 21.9% | NEW |
| 2 | MMACYS INC | 595,216 | $14M | 12.4% | ADD 54% |
| 3 | VVRINVESCO SR INCOME TR | 2,893,850 | $12M | 10.6% | TRIM −51% |
| 4 | OI SA-ADR | 5,969,407 | $11M | 9.8% | ADD 134% |
| 5 | XJQCXNUVEEN CR STRATEGIES INCOME | 1,448,190 | $11M | 9.7% | TRIM −63% |
| 6 | URIUNITED RENTALS INC | 90,000 | $10M | 8.9% | TRIM −11% |
| 7 | CALIFORNIA RES CORP | 354,674 | $9M | 7.9% | TRIM −43% |
| 8 | PBIPITNEY BOWES INC | 1,200,496 | $8M | 7.2% | HOLD |
| 9 | CSTMCONSTELLIUM SE | 772,821 | $6M | 5.4% | TRIM −21% |
| 10 | FRONTIER COMMUNICATIONS CORP | 3,000,000 | $6M | 5.2% | ADD 11% |
| 11 | QUORUM HEALTH CORP | 840,464 | $1M | 1.0% | ADD 15% |
Where this firm's principals came from and which firms its alumni went on to found.
