CIK 1218735
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 |
|---|---|---|
| Machinery | 75.48% | 1 |
| Commercial Services & Supplies | 14.39% | 1 |
| Health Care Providers & Services | 4.99% | 1 |
| Media & Entertainment | 3.80% | 1 |
| Equity Real Estate Investment Trusts (REITs) | 1.14% | 1 |
| Paper & Forest Products | 0.16% | 1 |
| Unclassified | 0.04% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | ATS | ATS Corp /ATS | Industrials | 75.48% |
| 2 | NVRI | Enviri Corp | Industrials | 14.39% |
| 3 | BKD | Brookdale Senior Living Inc. | Health Care | 4.99% |
| 4 | CCO | Clear Channel Outdoor Holdings, Inc. | Communication Services | 3.80% |
| 5 | RC | Ready Capital Corp | Real Estate | 1.14% |
| 6 | JELD | JELD-WEN Holding, Inc. | Materials | 0.16% |
| 7 | SBNY | SIGNATURE BK NEW YORK N Y | Unclassified | 0.04% |
6/7 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 85.6%; 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: 100.0% of the book is sector-classified (unclassified names shown, never dropped).
Only 4% of book weight classified — the grid is NOT representative of the whole book.
Classified: 3.8% of book weight (1/7 names) · unclassified 96.2%: ATS, NVRI, BKD, RC, JELD, SBNY. 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 | ATSATS CORPORATION | 16,404,170 | $463M | 75.5% | ADD 5% |
| 2 | NVRIENVIRI CORP | 4,494,536 | $88M | 14.4% | NEW |
| 3 | BKDBROOKDALE SR LIVING INC | 2,233,741 | $31M | 5.0% | TRIM −38% |
| 4 | CCOCLEAR CHANNEL OUTDOOR HLDGS | 9,828,401 | $23M | 3.8% | HOLD |
| 5 | RCREADY CAPITAL CORP | 4,319,933 | $7M | 1.1% | ADD 14% |
| 6 | JELDJELD-WEN HLDG INC | 776,885 | $963,337 | 0.2% | NEW |
| 7 | SBNYSIGNATURE BK NEW YORK N Y | 400,000 | $260,000 | 0.0% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| ATSATS CORPORATION | 14.9M | 15.6M | 15.6M | 15.6M | 15.6M | 16.4M | $463M |
| NVRIENVIRI CORP | — | — | — | — | — | 4.5M | $88M |
| BKDBROOKDALE SR LIVING INC | — | — | — | 2.5M | 3.6M | 2.2M | $31M |
| CCOCLEAR CHANNEL OUTDOOR HLDGS | 9.8M | 9.8M | 9.8M | 9.8M | 9.8M | 9.8M | $23M |
| RCREADY CAPITAL CORP | 279K | — | — | — | 3.8M | 4.3M | $7M |
| JELDJELD-WEN HLDG INC | — | — | — | — | — | 777K | $963,337 |
| SBNYSIGNATURE BK NEW YORK N Y | 400K | 400K | 400K | 400K | 400K | 400K | $260,000 |
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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