CIK 1074034
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 |
|---|---|---|
| Equity Real Estate Investment Trusts (REITs) | 42.15% | 1 |
| Oil, Gas & Consumable Fuels | 7.44% | 1 |
| Software | 7.29% | 1 |
| Technology Hardware & Equipment | 6.67% | 2 |
| Unclassified | 6.41% | 2 |
| Semiconductors & Semiconductor Equipment | 6.24% | 1 |
| Machinery | 6.05% | 1 |
| Banks | 3.56% | 2 |
| Real Estate Management & Development | 3.31% | 1 |
| Media & Entertainment | 3.20% | 1 |
| Leisure Products | 2.22% | 1 |
| Household Durables | 1.82% | 1 |
| Chemicals | 1.67% | 1 |
| Paper & Forest Products | 1.00% | 1 |
| Construction Materials | 0.98% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | CBL | CBL & ASSOCIATES PROPERTIES INC | Real Estate | 42.15% |
| 2 | SDRL | SEADRILL Ltd | Energy | 7.44% |
| 3 | EA | ELECTRONIC ARTS INC. | Information Technology | 7.29% |
| 4 | QRVO | Qorvo, Inc. | Information Technology | 6.24% |
| 5 | FFWM | FIRST FNDTN INC | Unclassified | 6.23% |
| 6 | AMBP | Ardagh Metal Packaging S.A. | Industrials | 6.05% |
| 7 | RUN | Sunrun Inc. | Information Technology | 4.34% |
| 8 | COMP | Compass, Inc. | Real Estate | 3.31% |
| 9 | WBD | Warner Bros. Discovery, Inc. | Communication Services | 3.20% |
| 10 | ATKR | Atkore Inc. | Information Technology | 2.33% |
16/18 names classified · sector 93.6% of weight · industry 93.6% · mkt cap 87.5%; 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: 93.6% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 72.5% of book weight (10/18 names) · unclassified 27.5%: SDRL, FFWM, AMBP, COMP, ATKR, MAGN, JHX, . 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 | CBLCBL & ASSOC PPTYS INC | 8,466,294 | $325M | 42.1% | HOLD |
| 2 | SDRLSEADRILL LTD | 1,261,779 | $57M | 7.4% | TRIM −66% |
| 3 | EAELECTRONIC ARTS INC | 275,994 | $56M | 7.3% | NEW |
| 4 | QRVOQORVO INC | 621,975 | $48M | 6.2% | NEW |
| 5 | FFWMFIRST FNDTN INC | 8,152,392 | $48M | 6.2% | HOLD |
| 6 | AMBPARDAGH METAL PACKAGING S A | 11,523,328 | $47M | 6.0% | TRIM −7% |
| 7 | RUNSUNRUN INC | 2,470,000 | $33M | 4.3% | ADD 45% |
| 8 | COMPCOMPASS INC | 3,499,874 | $26M | 3.3% | ADD 75% |
| 9 | WBDWARNER BROS DISCOVERY INC | 900,000 | $25M | 3.2% | NEW |
| 10 | ATKRATKORE INC | 305,000 | $18M | 2.3% | NEW |
| 11 | AMCRAMCOR PLC ORD | 431,885 | $17M | 2.2% | NEW |
| 12 | PFSIPENNYMAC FINL SVCS INC NEW | 187,500 | $16M | 2.1% | NEW |
| 13 | MBCMASTERBRAND INC | 1,691,901 | $14M | 1.8% | TRIM −14% |
| 14 | KVUEKENVUE INC | 750,000 | $13M | 1.7% | TRIM −50% |
| 15 | OCFCOCEANFIRST FINL CORP | 613,230 | $11M | 1.4% | NEW |
| 16 | MAGNMAGNERA CORP | 810,000 | $8M | 1.0% | HOLD |
| 17 | JHXJAMES HARDIE INDS PLC | 398,700 | $8M | 1.0% | NEW |
| 18 | FLUSHING FINL CORP | 91,155 | $1M | 0.2% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| CBLCBL & ASSOC PPTYS INC | 8.5M | 8.5M | 8.5M | 8.5M | 8.5M | 8.5M | $325M |
| SDRLSEADRILL LTD | 4.9M | 4.9M | 4.9M | 4.2M | 3.7M | 1.3M | $57M |
| EAELECTRONIC ARTS INC | — | — | — | — | — | 276K | $56M |
| QRVOQORVO INC | — | — | — | — | — | 622K | $48M |
| FFWMFIRST FNDTN INC | 8.2M | 8.2M | 8.2M | 8.2M | 8.2M | 8.2M | $48M |
| AMBPARDAGH METAL PACKAGING S A | 10.2M | 12.2M | 11.2M | 11.2M | 12.4M | 11.5M | $47M |
| RUNSUNRUN INC | 858K | 2.8M | 2.0M | 1.7M | 1.7M | 2.5M | $33M |
| COMPCOMPASS INC | — | — | — | — | 2.0M | 3.5M | $26M |
| WBDWARNER BROS DISCOVERY INC | — | — | — | — | — | 900K | $25M |
| ATKRATKORE INC | — | — | — | — | — | 305K | $18M |
| AMCRAMCOR PLC ORD | — | — | — | — | — | 432K | $17M |
| PFSIPENNYMAC FINL SVCS INC NEW | — | — | — | — | — | 188K | $16M |
| MBCMASTERBRAND INC | — | — | 1.1M | 1.8M | 2.0M | 1.7M | $14M |
| KVUEKENVUE INC | — | — | — | — | 1.5M | 750K | $13M |
| OCFCOCEANFIRST FINL CORP | — | — | — | — | — | 613K | $11M |
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.
