CIK 1218199
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 |
|---|---|---|
| Health Care Providers & Services | 37.17% | 1 |
| Aerospace & Defense | 15.68% | 1 |
| Unclassified | 14.78% | 2 |
| Utilities | 11.55% | 3 |
| Banks | 8.61% | 1 |
| Diversified Telecommunication Services | 7.14% | 1 |
| Media & Entertainment | 3.18% | 1 |
| Equity Real Estate Investment Trusts (REITs) | 1.88% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | SGRY | Surgery Partners, Inc. | Health Care | 37.17% |
| 2 | BA | BOEING CO | Industrials | 15.68% |
| 3 | BXSL | BLACKSTONE SECD LENDING FD | Unclassified | 9.03% |
| 4 | UWMC | UWM Holdings Corp | Financials | 8.61% |
| 5 | UNIT | Uniti Group Inc. | Communication Services | 7.14% |
| 6 | XLI | SELECT SECTOR SPDR TR | Unclassified | 5.75% |
| 7 | TLN | Talen Energy Corp | Utilities | 4.57% |
| 8 | VG | Venture Global, Inc. | Utilities | 4.28% |
| 9 | OPTU | Optimum Communications, Inc. | Communication Services | 3.18% |
| 10 | VST | Vistra Corp. | Utilities | 2.70% |
9/11 names classified · sector 85.2% of weight · industry 85.2% · mkt cap 85.2%; 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: 85.2% of the book is sector-classified (unclassified names shown, never dropped).
Only 27% of book weight classified — the grid is NOT representative of the whole book.
Classified: 27.0% of book weight (3/11 names) · unclassified 73.0%: SGRY, BXSL, UNIT, XLI, TLN, VG, OPTU, AGNC. 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 | SGRYSURGERY PARTNERS INC | 10,229,730 | $122M | 37.2% | HOLD |
| 2 | BABOEING CO | 258,355 | $51M | 15.7% | TRIM −61% |
| 3 | BXSLBLACKSTONE SECD LENDING FD | 1,250,000 | $30M | 9.0% | NEW |
| 4 | UWMCUWM HOLDINGS CORPORATION | 7,799,000 | $28M | 8.6% | ADD 70% |
| 5 | UNITUNITI GROUP LLC | 2,498,226 | $23M | 7.1% | HOLD |
| 6 | XLISELECT SECTOR SPDR TR | 116,660 | $19M | 5.8% | NEW |
| 7 | TLNTALEN ENERGY CORP | 47,000 | $15M | 4.6% | NEW |
| 8 | VGVENTURE GLOBAL INC | 890,000 | $14M | 4.3% | NEW |
| 9 | OPTUOPTIMUM COMMUNICATIONS INC | 8,032,126 | $10M | 3.2% | HOLD |
| 10 | VSTVISTRA CORP | 59,000 | $9M | 2.7% | NEW |
| 11 | AGNCAGNC Investment Corp | 615,000 | $6M | 1.9% | TRIM −81% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| SGRYSURGERY PARTNERS INC | 2.8M | 5.0M | 6.2M | 9.3M | 10.2M | 10.2M | $122M |
| BABOEING CO | 500K | 900K | 750K | 584K | 664K | 258K | $51M |
| BXSLBLACKSTONE SECD LENDING FD | — | — | — | — | — | 1.3M | $30M |
| UWMCUWM HOLDINGS CORPORATION | — | — | — | 2.8M | 4.6M | 7.8M | $28M |
| UNITUNITI GROUP LLC | — | — | — | 4.5M | 2.5M | 2.5M | $23M |
| XLISELECT SECTOR SPDR TR | — | — | — | — | — | 117K | $19M |
| TLNTALEN ENERGY CORP | — | — | — | — | — | 47K | $15M |
| VGVENTURE GLOBAL INC | — | — | — | — | — | 890K | $14M |
| OPTUOPTIMUM COMMUNICATIONS INC | 2.5M | 3.8M | — | 4.0M | 8.0M | 8.0M | $10M |
| VSTVISTRA CORP | — | — | — | — | — | 59K | $9M |
| AGNCAGNC Investment Corp | — | — | — | 1.3M | 3.3M | 615K | $6M |
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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