CIK 1275228
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 | 98.09% | 6 |
| Banks | 1.91% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | USHY | ISHARES TR | Unclassified | 38.68% |
| 2 | SJNK | SPDR SERIES TRUST | Unclassified | 30.06% |
| 3 | BKLN | INVESCO EXCH TRADED FD TR II | Unclassified | 24.22% |
| 4 | WHIRLPOOL CORP | Unclassified | 3.69% | |
| 5 | ONIT | ONITY GROUP INC. | Financials | 1.91% |
| 6 | TLT | ISHARES TR | Unclassified | 1.40% |
| 7 | GME.WS | GAMESTOP CORP NEW | Unclassified | 0.05% |
1/7 names classified · sector 1.9% of weight · industry 1.9% · mkt cap 1.9%; 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: 1.9% of the book is sector-classified (unclassified names shown, never dropped).
Only 2% of book weight classified — the grid is NOT representative of the whole book.
Classified: 1.9% of book weight (1/7 names) · unclassified 98.1%: USHY, SJNK, BKLN, , TLT, GME.WS. 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 | USHYISHARES TR | 1,706,723 | $64M | 38.7% | ADD 33% |
| 2 | SJNKSPDR SERIES TRUST | 2,002,325 | $50M | 30.1% | ADD 39% |
| 3 | BKLNINVESCO EXCH TRADED FD TR II | 1,918,265 | $40M | 24.2% | TRIM −34% |
| 4 | WHIRLPOOL CORP | 150,000 | $6M | 3.7% | NEW |
| 5 | ONITONITY GROUP INC | 76,885 | $3M | 1.9% | NEW |
| 6 | TLTISHARES TR | 18,335 | $2M | 1.4% | NEW |
| 7 | GME.WSGAMESTOP CORP NEW | 19,614 | $76,616 | 0.0% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| USHYISHARES TR | 73K | 496K | 344K | 321K | 1.3M | 1.7M | $64M |
| SJNKSPDR SERIES TRUST | 42K | 280K | 601K | 300K | 1.4M | 2.0M | $50M |
| BKLNINVESCO EXCH TRADED FD TR II | 1.1M | 2.7M | 3.7M | 1.9M | 2.9M | 1.9M | $40M |
| WHIRLPOOL CORP | — | — | — | — | — | 150K | $6M |
| ONITONITY GROUP INC | — | — | — | — | — | 77K | $3M |
| TLTISHARES TR | — | — | — | — | — | 18K | $2M |
| GME/WSGAMESTOP CORP NEW | — | — | — | — | 20K | 20K | $76,616 |
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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