CIK 1133219
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 |
|---|---|---|
| Metals & Mining | 15.97% | 3 |
| Unclassified | 14.76% | 5 |
| Oil, Gas & Consumable Fuels | 11.16% | 3 |
| Capital Markets | 9.61% | 2 |
| Chemicals | 7.62% | 2 |
| Distributors | 6.19% | 1 |
| Construction & Engineering | 6.06% | 2 |
| Specialty Retail | 5.94% | 2 |
| Technology Hardware & Equipment | 4.18% | 1 |
| Aerospace & Defense | 4.16% | 1 |
| Insurance | 4.13% | 2 |
| Semiconductors & Semiconductor Equipment | 3.45% | 1 |
| Software | 3.21% | 1 |
| Commercial Services & Supplies | 2.99% | 1 |
| Electrical Equipment & Components | 0.33% | 1 |
| Utilities | 0.25% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | AEM | AGNICO EAGLE MINES LTD | Materials | 7.41% |
| 2 | EQT | EQT Corp | Energy | 6.72% |
| 3 | NEM | NEWMONT Corp /DE/ | Materials | 6.59% |
| 4 | MCK | MCKESSON CORP | Consumer Discretionary | 6.19% |
| 5 | RGLD | ROYAL GOLD INC | Financials | 5.89% |
| 6 | RUSHA | RUSH ENTERPRISES INC \TX\ | Consumer Discretionary | 5.78% |
| 7 | BRK.B | BERKSHIRE HATHAWAY INC | Financials | 4.84% |
| 8 | SLB | SLB LIMITED/NV | Energy | 4.36% |
| 9 | AAPL | Apple Inc. | Information Technology | 4.18% |
| 10 | WAB | WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP | Industrials | 4.16% |
25/29 names classified · sector 90.1% of weight · industry 85.2% · mkt cap 80.7%; 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: 90.1% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 75.6% of book weight (21/29 names) · unclassified 24.4%: AEM, BRK.B, FRDM, GLD, AMLP, EQX, ICLR, EPD. 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 | AEMAGNICO EAGLE MINES LTD | 138,588 | $28M | 7.4% | TRIM −8% |
| 2 | EQTEQT CORP | 401,242 | $26M | 6.7% | TRIM −11% |
| 3 | NEMNEWMONT CORP | 231,182 | $25M | 6.6% | TRIM −19% |
| 4 | MCKMCKESSON CORP | 27,169 | $24M | 6.2% | HOLD |
| 5 | RGLDROYAL GOLD INC | 87,892 | $22M | 5.9% | HOLD |
| 6 | RUSHARUSH ENTERPRISES INC | 331,905 | $22M | 5.8% | TRIM −12% |
| 7 | BRK.BBERKSHIRE HATHAWAY INC DEL | 38,351 | $18M | 4.8% | HOLD |
| 8 | SLBSCHLUMBERGER LTD | 322,171 | $17M | 4.4% | HOLD |
| 9 | AAPLAPPLE INC | 62,559 | $16M | 4.2% | HOLD |
| 10 | WABWABTEC | 63,155 | $16M | 4.2% | HOLD |
| 11 | LYBLYONDELLBASELL INDUSTRIES N | 187,159 | $15M | 4.0% | HOLD |
| 12 | BGCBGC GROUP INC | 1,443,941 | $14M | 3.7% | TRIM −18% |
| 13 | CECELANESE CORP DEL | 210,800 | $14M | 3.7% | HOLD |
| 14 | MTZMASTEC INC | 42,832 | $14M | 3.6% | TRIM −60% |
| 15 | NMIHNMI HLDGS INC | 366,219 | $14M | 3.6% | TRIM −22% |
| 16 | MCHPMICROCHIP TECHNOLOGY INC. | 202,985 | $13M | 3.5% | HOLD |
| 17 | FRDMEA SERIES TRUST | 236,825 | $13M | 3.4% | NEW |
| 18 | MSFTMICROSOFT CORP | 32,937 | $12M | 3.2% | HOLD |
| 19 | URIUNITED RENTALS INC | 15,603 | $11M | 3.0% | HOLD |
| 20 | GLDSPDR GOLD TR | 22,083 | $10M | 2.5% | HOLD |
| 21 | TMHCTAYLOR MORRISON HOME CORP | 158,606 | $9M | 2.4% | HOLD |
| 22 | AMLPALPS ETF TR | 150,615 | $8M | 2.1% | TRIM −15% |
| 23 | EQXEQUINOX GOLD CORP | 519,219 | $8M | 2.0% | HOLD |
| 24 | ICLRICON PLC | 66,005 | $7M | 1.9% | TRIM −11% |
| 25 | TRVTRAVELERS COMPANIES INC | 6,627 | $2M | 0.5% | HOLD |
| 26 | GEVGE VERNOVA INC | 1,426 | $1M | 0.3% | HOLD |
| 27 | EPDENTERPRISE PRODS PARTNERS L | 24,855 | $940,513 | 0.2% | HOLD |
| 28 | RUSHBRUSH ENTERPRISES INC | 9,454 | $608,365 | 0.2% | HOLD |
| 29 | XOMEXXON MOBIL CORP | 1,640 | $278,242 | 0.1% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| AEMAGNICO EAGLE MINES LTD | 151K | 151K | 151K | 151K | 151K | 139K | $28M |
| EQTEQT CORP | 451K | 450K | 451K | 451K | 451K | 401K | $26M |
| NEMNEWMONT CORP | 282K | 284K | 284K | 284K | 284K | 231K | $25M |
| MCKMCKESSON CORP | 39K | 39K | 27K | 27K | 27K | 27K | $24M |
| RGLDROYAL GOLD INC | 87K | 87K | 88K | 88K | 88K | 88K | $22M |
| RUSHARUSH ENTERPRISES INC | 372K | 371K | 374K | 374K | 376K | 332K | $22M |
| BRK.BBERKSHIRE HATHAWAY INC DEL | 38K | 38K | 38K | 38K | 38K | 38K | $18M |
| SLBSCHLUMBERGER LTD | 316K | 316K | 319K | 320K | 322K | 322K | $17M |
| AAPLAPPLE INC | 63K | 62K | 63K | 63K | 63K | 63K | $16M |
| WABWABTEC | 62K | 62K | 63K | 63K | 63K | 63K | $16M |
| LYBLYONDELLBASELL INDUSTRIES N | — | — | — | 184K | 186K | 187K | $15M |
| BGCBGC GROUP INC | 1.7M | 1.7M | 1.7M | 1.8M | 1.8M | 1.4M | $14M |
| CECELANESE CORP DEL | — | — | 151K | 184K | 209K | 211K | $14M |
| MTZMASTEC INC | 106K | 105K | 106K | 106K | 106K | 43K | $14M |
| NMIHNMI HLDGS INC | 464K | 463K | 466K | 466K | 468K | 366K | $14M |
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.
