CIK 1131908
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2020-Q1. 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 | 27.81% | 8 |
| Banks | 13.63% | 3 |
| Specialty Retail | 10.57% | 3 |
| Oil, Gas & Consumable Fuels | 7.60% | 2 |
| Construction & Engineering | 6.66% | 1 |
| Food & Staples Retailing | 6.42% | 1 |
| Metals & Mining | 6.34% | 1 |
| Insurance | 6.07% | 1 |
| Pharmaceuticals & Biotechnology | 4.50% | 1 |
| Real Estate Management & Development | 4.49% | 1 |
| Marine | 4.01% | 1 |
| Hotels, Restaurants & Leisure | 1.92% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | STRL | STERLING INFRASTRUCTURE, INC. | Industrials | 6.66% |
| 2 | TBBK | Bancorp, Inc. | Financials | 6.62% |
| 3 | NGVC | Natural Grocers by Vitamin Cottage, Inc. | Consumer Staples | 6.42% |
| 4 | GORO | GOLD RESOURCE CORP | Materials | 6.34% |
| 5 | HRTG | Heritage Insurance Holdings, Inc. | Financials | 6.07% |
| 6 | GAIN CAP HLDGS INC | Unclassified | 5.91% | |
| 7 | CTRN | Citi Trends Inc | Consumer Discretionary | 5.73% |
| 8 | AVAYA HLDGS CORP | Unclassified | 5.70% | |
| 9 | NOA | North American Construction Group Ltd. | Energy | 5.26% |
| 10 | EDGIO INC | Unclassified | 5.03% |
16/24 names classified · sector 72.2% of weight · industry 72.2% · mkt cap 68.2%; 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: 72.2% of the book is sector-classified (unclassified names shown, never dropped).
Only 49% of book weight classified — the grid is NOT representative of the whole book.
Classified: 49.2% of book weight (10/18 names) · unclassified 50.8%: , NOA, LFCR, SLRC, TRC, ASC, SII, RRGB. 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 | STRLSTERLING INFRASTRUCTURE INC | 353,953 | $4M | 6.7% | ADD 11% |
| 2 | TBBKBANCORP INC DEL | 376,138 | $4M | 6.6% | TRIM −2% |
| 3 | NGVCNATURAL GROCERS BY VITAMIN C | 240,373 | $4M | 6.4% | TRIM −33% |
| 4 | GOROGOLD RESOURCE CORP | 858,382 | $4M | 6.3% | TRIM −21% |
| 5 | HRTGHERITAGE INSURANCE HLDGS INC | 258,110 | $3M | 6.1% | TRIM −5% |
| 6 | GAIN CAP HLDGS INC | 547,065 | $3M | 5.9% | TRIM −7% |
| 7 | CTRNCITI TRENDS INC | 157,652 | $3M | 5.7% | TRIM −5% |
| 8 | AVAYA HLDGS CORP | 256,577 | $3M | 5.7% | TRIM −5% |
| 9 | NOANORTH AMERN CONSTR GROUP LTD | 468,276 | $3M | 5.3% | TRIM −5% |
| 10 | EDGIO INC | 380,851 | $3M | 5.0% | TRIM −34% |
| 11 | LFCRLIFECORE BIOMEDICAL INC | 314,432 | $3M | 4.5% | TRIM −13% |
| 12 | SLRCSLR INVESTMENT CORP | 156,296 | $3M | 4.5% | ADD 35% |
| 13 | TRCTEJON RANCH CO | 173,574 | $2M | 4.5% | TRIM −4% |
| 14 | RMREGIONAL MGMT CORP | 131,078 | $2M | 4.2% | TRIM −5% |
| 15 | ASCARDMORE SHIPPING CORP | 513,949 | $2M | 4.0% | HOLD |
| 16 | SIISPROTT INC | 43,824 | $2M | 2.8% | NEW |
| 17 | ZAGG INC | 466,650 | $1M | 2.6% | TRIM −5% |
| 18 | CATOCATO CORP NEW | 171,846 | $1M | 2.5% | TRIM −5% |
| 19 | BOSTON PRIVATE FINL HLDGS IN | 196,218 | $1M | 2.4% | TRIM −5% |
| 20 | NGSNATURAL GAS SVCS GROUP INC | 207,546 | $1M | 2.3% | NEW |
| 21 | TLYSTILLYS INC | 227,339 | $1M | 2.3% | NEW |
| 22 | RRGBRED ROBIN GOURMET BURGERS IN | 104,740 | $1M | 1.9% | TRIM −5% |
| 23 | MESA AIR GROUP INC | 221,122 | $761,000 | 1.4% | TRIM −5% |
| 24 | CHARLES & COLVARD LTD | 186,064 | $136,000 | 0.2% | TRIM −88% |
Where this firm's principals came from and which firms its alumni went on to found.
