CIK 1132897
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 | 97.37% | 10 |
| Equity Real Estate Investment Trusts (REITs) | 2.09% | 1 |
| Banks | 0.23% | 1 |
| Software & IT Services | 0.18% | 1 |
| Software | 0.12% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | SPY | STATE STR SPDR S&P 500 ETF T | Unclassified | 92.45% |
| 2 | RC | Ready Capital Corp | Real Estate | 2.09% |
| 3 | IPATH SERIES B S&P 500 VIX | Unclassified | 1.23% | |
| 4 | SVIX | VS TRUST | Unclassified | 0.66% |
| 5 | SVXY | PROSHARES TR II | Unclassified | 0.63% |
| 6 | PROSHARES TR II | Unclassified | 0.61% | |
| 7 | EWZ | ISHARES INC MSCI BRAZIL ETF | Unclassified | 0.48% |
| 8 | PROSHARES SHORT VIX ST FUTUR | Unclassified | 0.46% | |
| 9 | SPXL | DIREXION SHS ETF TR | Unclassified | 0.38% |
| 10 | BITO | PROSHARES TR | Unclassified | 0.31% |
4/14 names classified · sector 2.6% of weight · industry 2.6% · mkt cap 2.6%; 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: 2.6% of the book is sector-classified (unclassified names shown, never dropped).
Only 1% of book weight classified — the grid is NOT representative of the whole book.
Classified: 0.5% of book weight (3/12 names) · unclassified 99.5%: SPY, , RC, SVIX, SVXY, EWZ, SPXL, BITO, REK. 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 | SPYSTATE STR SPDR S&P 500 ETF T | 137,311 | $89M | 92.5% | TRIM −7% |
| 2 | RCREADY CAPITAL CORP | 1,249,003 | $2M | 2.1% | HOLD |
| 3 | IPATH SERIES B S&P 500 VIX | 33,385 | $1M | 1.2% | NEW |
| 4 | SVIXVS TRUST | 73,600 | $637,376 | 0.7% | NEW |
| 5 | SVXYPROSHARES TR II | 38,475 | $608,658 | 0.6% | ADD 53% |
| 6 | PROSHARES TR II | 11,280 | $589,944 | 0.6% | TRIM −56% |
| 7 | EWZISHARES INC MSCI BRAZIL ETF | 12,000 | $460,680 | 0.5% | NEW |
| 8 | PROSHARES SHORT VIX ST FUTUR | 9,780 | $447,924 | 0.5% | TRIM −43% |
| 9 | SPXLDIREXION SHS ETF TR | 2,000 | $369,780 | 0.4% | NEW |
| 10 | BITOPROSHARES TR | 4,000 | $301,000 | 0.3% | NEW |
| 11 | CCITIGROUP INC | 2,000 | $226,820 | 0.2% | HOLD |
| 12 | METAMETA PLATFORMS INC | 300 | $171,639 | 0.2% | NEW |
| 13 | REKPROSHARES TR | 2,500 | $141,850 | 0.1% | NEW |
| 14 | ORCLORACLE CORP | 800 | $117,688 | 0.1% | ADD 18% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| SPYSTATE STR SPDR S&P 500 ETF T | 106K | 159K | 306K | 149K | 148K | 137K | $89M |
| RCREADY CAPITAL CORP | 1.2M | 1.2M | 2.5M | 1.2M | 1.2M | 1.2M | $2M |
| IPATH SERIES B S&P 500 VIX | — | — | — | — | — | 33K | $1M |
| SVIXVS TRUST | — | — | — | — | — | 74K | $637,376 |
| SVXYPROSHARES TR II | — | — | — | — | 25K | 38K | $608,658 |
| PROSHARES TR II | — | — | — | — | 26K | 11K | $589,944 |
| EWZISHARES INC MSCI BRAZIL ETF | — | — | — | — | — | 12K | $460,680 |
| PROSHARES SHORT VIX ST FUTUR | — | — | — | — | 17K | 10K | $447,924 |
| SPXLDIREXION SHS ETF TR | — | — | — | — | — | 2K | $369,780 |
| BITOPROSHARES TR | — | — | — | — | — | 4K | $301,000 |
| CCITIGROUP INC | — | — | 800 | — | 2K | 2K | $226,820 |
| METAMETA PLATFORMS INC | — | — | — | — | — | 300 | $171,639 |
| REKPROSHARES TR | — | — | — | — | — | 3K | $141,850 |
| ORCLORACLE CORP | — | — | — | — | 680 | 800 | $117,688 |
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.
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