CIK 1166573
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 |
|---|---|---|
| Real Estate Management & Development | 50.28% | 3 |
| Unclassified | 16.77% | 3 |
| Media & Entertainment | 13.77% | 2 |
| Food & Staples Retailing | 7.70% | 1 |
| Specialty Retail | 4.30% | 1 |
| Pharmaceuticals & Biotechnology | 3.82% | 2 |
| Agricultural Products | 2.27% | 1 |
| Life Sciences Tools & Services | 1.01% | 1 |
| Hotels, Restaurants & Leisure | 0.07% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | TRC | TEJON RANCH CO | Real Estate | 46.80% |
| 2 | GASS | STEALTHGAS INC | Unclassified | 15.96% |
| 3 | SGA | SAGA COMMUNICATIONS INC | Communication Services | 8.77% |
| 4 | ACI | Albertsons Companies, Inc. | Consumer Staples | 7.70% |
| 5 | SIRI | SIRIUS XM HOLDINGS INC. | Communication Services | 5.00% |
| 6 | LE | LANDS' END, INC. | Consumer Discretionary | 4.30% |
| 7 | ALMS | ALUMIS INC. | Health Care | 3.16% |
| 8 | ALCO | ALICO, INC. | Consumer Staples | 2.27% |
| 9 | SRG | Seritage Growth Properties | Real Estate | 1.87% |
| 10 | GYRO | Gyrodyne, LLC | Real Estate | 1.62% |
12/15 names classified · sector 83.2% of weight · industry 83.2% · mkt cap 83.2%; 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: 83.2% of the book is sector-classified (unclassified names shown, never dropped).
Only 28% of book weight classified — the grid is NOT representative of the whole book.
Classified: 28.1% of book weight (6/15 names) · unclassified 71.9%: TRC, GASS, ALMS, SRG, GYRO, OABI, CRVS, IMPP, CTRM. 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 | TRCTEJON RANCH CO | 3,845,500 | $72M | 46.8% | HOLD |
| 2 | GASSSTEALTHGAS INC | 2,690,958 | $25M | 16.0% | TRIM −12% |
| 3 | SGASAGA COMMUNICATIONS INC | 1,161,144 | $14M | 8.8% | HOLD |
| 4 | ACIALBERTSONS COS INC | 700,000 | $12M | 7.7% | ADD 11% |
| 5 | SIRISIRIUSXM HOLDINGS INC | 335,300 | $8M | 5.0% | HOLD |
| 6 | LELANDS END INC NEW | 592,701 | $7M | 4.3% | ADD 38% |
| 7 | ALMSALUMIS INC | 222,294 | $5M | 3.2% | TRIM −55% |
| 8 | ALCOALICO INC | 85,000 | $4M | 2.3% | TRIM −18% |
| 9 | SRGSERITAGE GROWTH PPTYS | 1,030,000 | $3M | 1.9% | ADD 29% |
| 10 | GYROGYRODYNE LLC | 338,107 | $3M | 1.6% | HOLD |
| 11 | OABIOMNIAB INC | 1,000,000 | $2M | 1.0% | HOLD |
| 12 | CRVSCORVUS PHARMACEUTICALS INC | 70,000 | $1M | 0.7% | TRIM −50% |
| 13 | IMPPIMPERIAL PETE INC | 190,000 | $813,200 | 0.5% | TRIM −5% |
| 14 | CTRMCASTOR MARITIME INC | 240,000 | $444,000 | 0.3% | HOLD |
| 15 | WENWENDYS CO | 14,500 | $100,775 | 0.1% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| TRCTEJON RANCH CO | 3.8M | 3.8M | 3.8M | 3.8M | 3.8M | 3.8M | $72M |
| GASSSTEALTHGAS INC | 2.8M | 2.8M | 2.8M | 2.9M | 3.1M | 2.7M | $25M |
| SGASAGA COMMUNICATIONS INC | 1.2M | 1.2M | 1.2M | 1.2M | 1.2M | 1.2M | $14M |
| ACIALBERTSONS COS INC | 630K | 620K | 505K | 615K | 630K | 700K | $12M |
| SIRISIRIUSXM HOLDINGS INC | 335K | 335K | 335K | 335K | 335K | 335K | $8M |
| LELANDS END INC NEW | 328K | 420K | 478K | 470K | 431K | 593K | $7M |
| ALMSALUMIS INC | 415K | 430K | 495K | 495K | 495K | 222K | $5M |
| ALCOALICO INC | 215K | 115K | 125K | 122K | 104K | 85K | $4M |
| SRGSERITAGE GROWTH PPTYS | 680K | 680K | 680K | 700K | 800K | 1.0M | $3M |
| GYROGYRODYNE LLC | 341K | 341K | 341K | 338K | 338K | 338K | $3M |
| OABIOMNIAB INC | 550K | 580K | 831K | 831K | 1.0M | 1.0M | $2M |
| CRVSCORVUS PHARMACEUTICALS INC | 78K | 128K | 170K | 170K | 140K | 70K | $1M |
| IMPPIMPERIAL PETE INC | 360K | 415K | 422K | 280K | 200K | 190K | $813,200 |
| CTRMCASTOR MARITIME INC | 240K | 240K | 240K | 240K | 240K | 240K | $444,000 |
| WENWENDYS CO | 12K | 15K | 15K | 15K | 15K | 15K | $100,775 |
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.
