CIK 1041773
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-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 | 86.07% | 72 |
| Banks | 3.29% | 1 |
| Equity Real Estate Investment Trusts (REITs) | 1.60% | 4 |
| Software & IT Services | 1.40% | 5 |
| Specialty Retail | 1.11% | 2 |
| Health Care Providers & Services | 1.10% | 2 |
| Capital Markets | 1.06% | 3 |
| Software | 0.93% | 4 |
| Technology Hardware & Equipment | 0.57% | 1 |
| Utilities | 0.52% | 1 |
| Metals & Mining | 0.50% | 1 |
| Semiconductors & Semiconductor Equipment | 0.41% | 5 |
| Commercial Services & Supplies | 0.35% | 4 |
| Machinery | 0.23% | 2 |
| Aerospace & Defense | 0.16% | 2 |
| Media & Entertainment | 0.15% | 1 |
| Oil, Gas & Consumable Fuels | 0.13% | 2 |
| Automobiles & Components | 0.10% | 1 |
| Pharmaceuticals & Biotechnology | 0.09% | 2 |
| Food & Staples Retailing | 0.07% | 1 |
| Hotels, Restaurants & Leisure | 0.07% | 2 |
| Transportation Infrastructure | 0.05% | 1 |
| Insurance | 0.03% | 1 |
| Chemicals | 0.02% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | ACWI | ISHARES TR | Unclassified | 16.35% |
| 2 | SPY | STATE STR SPDR S&P 500 ETF T | Unclassified | 16.01% |
| 3 | GLD | SPDR GOLD TR | Unclassified | 9.81% |
| 4 | BIL | SPDR SERIES TRUST | Unclassified | 5.80% |
| 5 | IJR | ISHARES TR | Unclassified | 3.96% |
| 6 | RSP | INVESCO EXCHANGE TRADED FD T | Unclassified | 3.48% |
| 7 | DJP | BARCLAYS BANK PLC | Financials | 3.29% |
| 8 | LPRE | LONG POND REAL ESTATE SELECT ETF | Unclassified | 2.58% |
| 9 | IWM | ISHARES TR | Unclassified | 2.53% |
| 10 | QQQ | INVESCO QQQ TR | Unclassified | 2.46% |
50/121 names classified · sector 14.5% of weight · industry 13.9% · mkt cap 10.5%; 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: 14.5% of the book is sector-classified (unclassified names shown, never dropped).
Only 8% of book weight classified — the grid is NOT representative of the whole book.
Classified: 8.4% of book weight (38/121 names) · unclassified 91.6%: ACWI, SPY, GLD, BIL, IJR, RSP, DJP, LPRE, IWM, QQQ +73 more. 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 | ACWIISHARES TR | 840,939 | $116M | 16.4% | HOLD |
| 2 | SPYSTATE STR SPDR S&P 500 ETF T | 175,214 | $114M | 16.0% | HOLD |
| 3 | GLDSPDR GOLD TR | 162,310 | $70M | 9.8% | TRIM −14% |
| 4 | BILSPDR SERIES TRUST | 450,415 | $41M | 5.8% | TRIM −4% |
| 5 | IJRISHARES TR | 226,915 | $28M | 4.0% | ADD 23% |
| 6 | RSPINVESCO EXCHANGE TRADED FD T | 129,148 | $25M | 3.5% | ADD 3% |
| 7 | DJPBARCLAYS BANK PLC | 485,709 | $23M | 3.3% | HOLD |
| 8 | LPRELONG POND REAL ESTATE SELECT ETF | 705,000 | $18M | 2.6% | ADD 83% |
| 9 | IWMISHARES TR | 72,613 | $18M | 2.5% | ADD 15% |
| 10 | QQQINVESCO QQQ TR | 30,317 | $17M | 2.5% | HOLD |
| 11 | IVVISHARES TR | 23,647 | $15M | 2.2% | TRIM −16% |
| 12 | BCSFBAIN CAP SPECIALTY FIN INC | 1,224,490 | $15M | 2.1% | ADD 51% |
| 13 | EEMISHARES TR | 263,831 | $15M | 2.1% | TRIM −2% |
| 14 | EFAISHARES TR | 147,640 | $14M | 2.0% | ADD 25% |
| 15 | VGKVANGUARD INTL EQUITY INDEX F | 123,620 | $10M | 1.4% | ADD 6% |
| 16 | NMFCNEW MTN FIN CORP | 1,156,541 | $9M | 1.3% | HOLD |
| 17 | IGSBISHARES TR | 161,544 | $8M | 1.2% | HOLD |
| 18 | BBDCBarings BDC, Inc. | 985,162 | $8M | 1.1% | ADD 30% |
| 19 | IWDISHARES TR | 35,903 | $8M | 1.1% | TRIM −3% |
| 20 | AMZNAMAZON COM INC | 36,801 | $8M | 1.1% | TRIM −10% |
| 21 | IEFISHARES TR | 79,256 | $8M | 1.1% | TRIM −3% |
| 22 | IWFISHARES TR | 16,126 | $7M | 1.0% | TRIM −6% |
| 23 | SGRYSURGERY PARTNERS INC | 530,606 | $6M | 0.9% | ADD 36% |
| 24 | TRTXTPG RE FIN TR INC | 720,597 | $6M | 0.8% | ADD 4% |
| 25 | MSFTMICROSOFT CORP | 12,685 | $5M | 0.7% | TRIM −4% |
| 26 | MSMORGAN STANLEY | 26,281 | $4M | 0.6% | HOLD |
| 27 | BRK.ABERKSHIRE HATHAWAY INC DEL | 6 | $4M | 0.6% | HOLD |
| 28 | BRK.BBERKSHIRE HATHAWAY INC DEL | 8,675 | $4M | 0.6% | TRIM −8% |
| 29 | AAPLAPPLE INC | 16,028 | $4M | 0.6% | TRIM −26% |
| 30 | CEGCONSTELLATION ENERGY CORP | 13,235 | $4M | 0.5% | HOLD |
| 31 | XBISPDR SERIES TRUST | 27,959 | $4M | 0.5% | ADD 10% |
| 32 | FNVFRANCO NEV CORP | 14,300 | $4M | 0.5% | HOLD |
| 33 | CLDTCHATHAM LODGING TR | 398,085 | $3M | 0.4% | NEW |
| 34 | MCHIISHARES TR MSCI CHINA ETF | 54,186 | $3M | 0.4% | ADD 4% |
| 35 | METAMETA PLATFORMS INC | 5,121 | $3M | 0.4% | HOLD |
| 36 | XLFSELECT SECTOR SPDR TR | 52,462 | $3M | 0.4% | ADD 5% |
| 37 | GLBEGLOBAL E ONLINE LTD | 82,709 | $3M | 0.4% | HOLD |
| 38 | GOOGALPHABET INC | 8,869 | $3M | 0.4% | TRIM −33% |
| 39 | UDRUDR INC | 65,700 | $2M | 0.3% | HOLD |
| 40 | APOAPOLLO GLOBAL MGMT INC | 19,740 | $2M | 0.3% | ADD 40% |
| 41 | GOOGLALPHABET INC | 6,594 | $2M | 0.3% | HOLD |
| 42 | SMRTSMARTRENT INC | 1,159,135 | $2M | 0.2% | HOLD |
| 43 | NVDANVIDIA CORPORATION | 9,555 | $2M | 0.2% | TRIM −22% |
| 44 | VBVANGUARD INDEX FDS | 6,275 | $2M | 0.2% | TRIM −11% |
| 45 | AHCOADAPTHEALTH CORP | 128,947 | $2M | 0.2% | HOLD |
| 46 | DBEFDBX ETF TR | 30,349 | $1M | 0.2% | ADD 4% |
| 47 | HYGISHARES TR | 15,073 | $1M | 0.2% | TRIM −6% |
| 48 | HEFAISHARES CURRENCY HEDGED MSCI EAFE ETF | 28,025 | $1M | 0.2% | TRIM −2% |
| 49 | VOOVANGUARD INDEX FDS | 1,955 | $1M | 0.2% | TRIM −4% |
| 50 | DOOBRP INC | 15,521 | $1M | 0.2% | HOLD |
| 51 | INDAISHARES TR | 22,569 | $1M | 0.1% | ADD 42% |
| 52 | BXBLACKSTONE INC | 9,127 | $1M | 0.1% | TRIM −32% |
| 53 | SPOTSPOTIFY TECHNOLOGY S A | 2,128 | $1M | 0.1% | HOLD |
| 54 | XLISELECT SECTOR SPDR TR | 6,133 | $991,890 | 0.1% | HOLD |
| 55 | VTEBVANGUARD MUN BD FDS | 19,840 | $989,818 | 0.1% | NEW |
| 56 | IBITISHARES BITCOIN TRUST ETF | 24,572 | $944,056 | 0.1% | ADD 16% |
| 57 | VVISA INC | 2,929 | $885,261 | 0.1% | TRIM −15% |
| 58 | WAYWAYSTAR HLDG CORP | 35,705 | $860,848 | 0.1% | NEW |
| 59 | ASMLASML HOLDING N V | 632 | $835,187 | 0.1% | TRIM −35% |
| 60 | IVEISHARES TR | 3,873 | $817,784 | 0.1% | HOLD |
| 61 | ETNEATON CORP PLC | 2,185 | $781,509 | 0.1% | TRIM −34% |
| 62 | PLTRPALANTIR TECHNOLOGIES INC | 5,302 | $775,672 | 0.1% | TRIM −5% |
| 63 | IVWISHARES TR | 6,490 | $734,084 | 0.1% | HOLD |
| 64 | ORCLORACLE CORP | 4,985 | $733,343 | 0.1% | TRIM −39% |
| 65 | RTXRTX CORPORATION | 3,705 | $714,695 | 0.1% | TRIM −2% |
| 66 | ACWXISHARES TR | 10,345 | $708,322 | 0.1% | ADD 57% |
| 67 | TSLATESLA INC | 1,864 | $692,958 | 0.1% | ADD 210% |
| 68 | XOMEXXON MOBIL CORP | 3,994 | $677,791 | 0.1% | TRIM −3% |
| 69 | EWJISHARES INC | 7,766 | $655,761 | 0.1% | ADD 76% |
| 70 | HEZUISHARES TR | 14,953 | $653,446 | 0.1% | HOLD |
| 71 | PWZINVESCO EXCH TRADED FD TR II | 26,232 | $626,158 | 0.1% | HOLD |
| 72 | VWOVANGUARD INTL EQUITY INDEX F | 11,474 | $620,170 | 0.1% | ADD 46% |
| 73 | HYMBSPDR SERIES TRUST | 23,886 | $592,373 | 0.1% | NEW |
| 74 | IYRISHARES TR | 6,206 | $586,839 | 0.1% | HOLD |
| 75 | CARTMAPLEBEAR INC | 15,480 | $579,881 | 0.1% | ADD 50% |
| 76 | SPGIS&P GLOBAL INC | 1,307 | $556,297 | 0.1% | TRIM −35% |
| 77 | SRLNSSGA ACTIVE ETF TR | 13,213 | $530,370 | 0.1% | HOLD |
| 78 | XLVSELECT SECTOR SPDR TR | 3,508 | $514,308 | 0.1% | ADD 47% |
| 79 | CVSCVS HEALTH CORP | 6,967 | $500,370 | 0.1% | TRIM −34% |
| 80 | VBRVANGUARD INDEX FDS | 2,154 | $467,957 | 0.1% | NEW |
| 81 | MRKMERCK & CO INC | 3,704 | $445,554 | 0.1% | HOLD |
| 82 | ILFISHARES TR | 12,482 | $443,361 | 0.1% | NEW |
| 83 | FLKRFRANKLIN TEMPLETON ETF TR | 11,088 | $442,079 | 0.1% | NEW |
| 84 | MCOMOODYS CORP | 995 | $434,069 | 0.1% | TRIM −37% |
| 85 | LMTLOCKHEED MARTIN CORP | 704 | $425,491 | 0.1% | HOLD |
| 86 | AVGOBROADCOM INC | 1,324 | $409,791 | 0.1% | ADD 2% |
| 87 | SHOPSHOPIFY INC | 3,417 | $405,413 | 0.1% | ADD 11% |
| 88 | STPZPIMCO ETF TR | 7,483 | $404,880 | 0.1% | HOLD |
| 89 | EXPEEXPEDIA GROUP INC | 1,688 | $389,742 | 0.1% | TRIM −15% |
| 90 | JBGSJBG SMITH PPTYS | 25,934 | $378,896 | 0.1% | HOLD |
| 91 | SJNKSPDR SERIES TRUST | 14,823 | $370,279 | 0.1% | TRIM −35% |
| 92 | UYGPROSHARES TR | 5,000 | $367,050 | 0.1% | HOLD |
| 93 | IJHISHARES TR | 5,400 | $364,662 | 0.1% | HOLD |
| 94 | BKLNINVESCO EXCH TRADED FD TR II | 17,840 | $364,114 | 0.1% | HOLD |
| 95 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 1,056 | $356,875 | 0.1% | TRIM −3% |
| 96 | SHYISHARES TR | 4,300 | $355,051 | 0.0% | TRIM −33% |
| 97 | EMBISHARES TR | 3,687 | $346,320 | 0.0% | HOLD |
| 98 | EMLPFirst TR. Ex. Tr. FD N. American Energy | 6,877 | $299,973 | 0.0% | NEW |
| 99 | IWNISHARES TR | 1,560 | $295,760 | 0.0% | HOLD |
| 100 | BBEUJ P MORGAN EXCHANGE TRADED F BETABUILDERS EUR | 4,040 | $292,536 | 0.0% | HOLD |
| 101 | SMMDISHARES TR | 3,665 | $279,823 | 0.0% | HOLD |
| 102 | VEAVANGUARD TAX-MANAGED FDS | 4,288 | $274,775 | 0.0% | NEW |
| 103 | ARMARM HOLDINGS PLC | 1,743 | $263,681 | 0.0% | NEW |
| 104 | BNDVANGUARD BD INDEX FDS | 3,530 | $259,949 | 0.0% | HOLD |
| 105 | QSRRESTAURANT BRANDS INTL INC | 3,501 | $258,724 | 0.0% | HOLD |
| 106 | DBPINVESCO DB MULTI-SECTOR COMM | 2,330 | $256,393 | 0.0% | HOLD |
| 107 | TXNTEXAS INSTRS INC | 1,291 | $250,635 | 0.0% | TRIM −8% |
| 108 | MPCMARATHON PETE CORP | 1,000 | $244,180 | 0.0% | NEW |
| 109 | BBJPJ P MORGAN EXCHANGE TRADED F | 3,406 | $234,707 | 0.0% | HOLD |
| 110 | MKLMARKEL GROUP INC | 120 | $229,688 | 0.0% | TRIM −20% |
| 111 | XLUSELECT SECTOR SPDR TR | 4,730 | $217,060 | 0.0% | NEW |
| 112 | MDYSPDR S&P MIDCAP 400 ETF TR | 351 | $216,483 | 0.0% | HOLD |
| 113 | HHYATT HOTELS CORP | 1,499 | $215,541 | 0.0% | TRIM −37% |
| 114 | CPNGCOUPANG INC | 11,198 | $211,418 | 0.0% | NEW |
| 115 | WHFWHITEHORSE FIN INC | 28,337 | $209,694 | 0.0% | HOLD |
| 116 | BIVVANGUARD BD INDEX FDS | 2,668 | $205,916 | 0.0% | HOLD |
| 117 | LLYELI LILLY & CO | 222 | $204,189 | 0.0% | ADD 3% |
| 118 | ETHAISHARES ETHEREUM TR | 10,695 | $169,302 | 0.0% | HOLD |
| 119 | HLNHALEON PLC | 15,533 | $155,485 | 0.0% | HOLD |
| 120 | BSOLBITWISE SOLANA STAKING ETF | 12,263 | $135,506 | 0.0% | HOLD |
| 121 | SLVISHARES SILVER TR | 884 | $60,236 | 0.0% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| ACWIISHARES TR | 911K | 866K | 869K | 864K | 853K | 841K | $116M |
| SPYSTATE STR SPDR S&P 500 ETF T | 171K | 170K | 173K | 176K | 172K | 175K | $114M |
| GLDSPDR GOLD TR | 192K | 190K | 191K | 184K | 189K | 162K | $70M |
| BILSPDR SERIES TRUST | 969K | 523K | 566K | 504K | 471K | 450K | $41M |
| IJRISHARES TR | 116K | 133K | 192K | 184K | 184K | 227K | $28M |
| RSPINVESCO EXCHANGE TRADED FD T | 103K | 120K | 121K | 121K | 125K | 129K | $25M |
| DJPBARCLAYS BANK PLC | 499K | 500K | 483K | 488K | 489K | 486K | $23M |
| LPRELONG POND REAL ESTATE SELECT ETF | — | — | — | 85K | 386K | 705K | $18M |
| IWMISHARES TR | 65K | 64K | 64K | 64K | 63K | 73K | $18M |
| QQQINVESCO QQQ TR | 32K | 31K | 31K | 31K | 30K | 30K | $17M |
| IVVISHARES TR | 38K | 34K | 34K | 33K | 28K | 24K | $15M |
| BCSFBAIN CAP SPECIALTY FIN INC | 588K | 542K | 611K | 689K | 811K | 1.2M | $15M |
| EEMISHARES TR | 234K | 264K | 264K | 262K | 270K | 264K | $15M |
| EFAISHARES TR | 106K | 108K | 106K | 108K | 118K | 148K | $14M |
| VGKVANGUARD INTL EQUITY INDEX F | 110K | 117K | 118K | 118K | 117K | 124K | $10M |
Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
Where this firm's principals came from and which firms its alumni went on to found.
