CIK 1277403
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 |
|---|---|---|
| Capital Markets | 12.76% | 3 |
| Utilities | 11.20% | 3 |
| Equity Real Estate Investment Trusts (REITs) | 10.55% | 3 |
| Machinery | 9.60% | 2 |
| Pharmaceuticals & Biotechnology | 8.74% | 2 |
| Semiconductors & Semiconductor Equipment | 7.19% | 2 |
| Chemicals | 7.08% | 2 |
| Specialty Retail | 6.89% | 3 |
| Oil, Gas & Consumable Fuels | 6.10% | 2 |
| Insurance | 4.56% | 1 |
| Hotels, Restaurants & Leisure | 4.03% | 1 |
| Distributors | 2.96% | 1 |
| Tobacco | 2.92% | 1 |
| Food & Staples Retailing | 2.85% | 1 |
| Professional Services | 2.53% | 1 |
| Unclassified | 0.04% | 2 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | CMI | CUMMINS INC | Industrials | 5.48% |
| 2 | CME | CME GROUP INC. | Financials | 5.15% |
| 3 | MS | MORGAN STANLEY | Financials | 5.12% |
| 4 | COP | CONOCOPHILLIPS | Energy | 4.77% |
| 5 | AVGO | Broadcom Inc. | Information Technology | 4.57% |
| 6 | ORI | OLD REPUBLIC INTERNATIONAL CORP | Financials | 4.56% |
| 7 | EPD | ENTERPRISE PRODUCTS PARTNERS L.P. | Utilities | 4.44% |
| 8 | PEG | PUBLIC SERVICE ENTERPRISE GROUP INC | Utilities | 4.44% |
| 9 | ABBV | AbbVie Inc. | Health Care | 4.39% |
| 10 | JNJ | JOHNSON & JOHNSON | Health Care | 4.35% |
28/30 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 94.1%; 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).
Classified: 89.7% of book weight (25/30 names) · unclassified 10.3%: EPD, UL, ARES, IEF, IWD. 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 | CMICUMMINS INC | 421,582 | $227M | 5.5% | TRIM −11% |
| 2 | CMECME GROUP INC | 721,953 | $213M | 5.1% | HOLD |
| 3 | MSMORGAN STANLEY | 1,288,720 | $212M | 5.1% | TRIM −8% |
| 4 | COPCONOCOPHILLIPS | 1,495,710 | $197M | 4.8% | ADD 4% |
| 5 | AVGOBROADCOM INC | 611,626 | $189M | 4.6% | TRIM −10% |
| 6 | ORIOld Republic Nat'l. Corp. | 4,738,966 | $189M | 4.6% | HOLD |
| 7 | EPDENTERPRISE PRODS PARTNERS L | 4,863,306 | $184M | 4.4% | HOLD |
| 8 | PEGPUBLIC SVC ENTERPRISE GROUP | 2,270,870 | $184M | 4.4% | HOLD |
| 9 | ABBVABBVIE INC | 836,466 | $182M | 4.4% | TRIM −11% |
| 10 | JNJJOHNSON & JOHNSON | 736,491 | $180M | 4.3% | TRIM −12% |
| 11 | LAMRLAMAR ADVERTISING CO | 1,380,667 | $175M | 4.2% | HOLD |
| 12 | SNASNAP ON INC | 470,221 | $171M | 4.1% | HOLD |
| 13 | SPGSIMON PPTY GROUP INC NEW | 897,986 | $168M | 4.0% | HOLD |
| 14 | DRIDARDEN RESTAURANTS INC | 851,038 | $167M | 4.0% | HOLD |
| 15 | PGPROCTER AND GAMBLE CO | 1,067,397 | $154M | 3.7% | ADD 17% |
| 16 | ULUNILEVER PLC | 2,440,645 | $139M | 3.4% | ADD 5% |
| 17 | HDHOME DEPOT INC | 407,858 | $134M | 3.2% | ADD 9% |
| 18 | DKSDICKS SPORTING GOODS INC | 663,898 | $132M | 3.2% | TRIM −13% |
| 19 | WSOWATSCO INC | 337,335 | $123M | 3.0% | HOLD |
| 20 | PMPHILIP MORRIS INTL INC | 731,871 | $121M | 2.9% | HOLD |
| 21 | CVSCVS HEALTH CORP | 1,642,646 | $118M | 2.8% | TRIM −19% |
| 22 | TXNTEXAS INSTRS INC | 559,364 | $109M | 2.6% | ADD 27% |
| 23 | PAYXPAYCHEX INC | 1,137,170 | $105M | 2.5% | TRIM −16% |
| 24 | ARESARES MANAGEMENT CORPORATION | 945,301 | $103M | 2.5% | TRIM −6% |
| 25 | UGIUGI CORP NEW | 2,639,989 | $96M | 2.3% | ADD 350% |
| 26 | RHPRYMAN HOSPITALITY PPTYS INC | 1,027,519 | $95M | 2.3% | HOLD |
| 27 | SLBSCHLUMBERGER LTD | 1,071,739 | $55M | 1.3% | NEW |
| 28 | PAGPENSKE AUTOMOTIVE GRP INC | 131,362 | $20M | 0.5% | ADD 3% |
| 29 | IEFISHARES TR | 10,756 | $1M | 0.0% | HOLD |
| 30 | IWDISHARES TR | 2,299 | $491,227 | 0.0% | TRIM −71% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| CMICUMMINS INC | 520K | 530K | 542K | 523K | 475K | 422K | $227M |
| CMECME GROUP INC | 781K | 791K | 791K | 789K | 730K | 722K | $213M |
| MSMORGAN STANLEY | 1.5M | 1.5M | 1.5M | 1.5M | 1.4M | 1.3M | $212M |
| COPCONOCOPHILLIPS | 1.6M | 1.7M | 1.5M | 1.5M | 1.4M | 1.5M | $197M |
| AVGOBROADCOM INC | 1.2M | 1.0M | 1.0M | 881K | 680K | 612K | $189M |
| ORIOld Republic Nat'l. Corp. | 5.1M | 5.2M | 5.2M | 5.2M | 4.8M | 4.7M | $189M |
| EPDENTERPRISE PRODS PARTNERS L | 4.9M | 4.9M | 5.0M | 4.9M | 4.9M | 4.9M | $184M |
| PEGPUBLIC SVC ENTERPRISE GROUP | 2.4M | 2.5M | 2.5M | 2.4M | 2.3M | 2.3M | $184M |
| ABBVABBVIE INC | 1.0M | 1.1M | 1.1M | 1.1M | 935K | 836K | $182M |
| JNJJOHNSON & JOHNSON | 1.1M | 1.1M | 871K | 866K | 836K | 736K | $180M |
| LAMRLAMAR ADVERTISING CO | 1.3M | 1.3M | 1.3M | 1.4M | 1.4M | 1.4M | $175M |
| SNASNAP ON INC | 495K | 503K | 516K | 516K | 475K | 470K | $171M |
| SPGSIMON PPTY GROUP INC NEW | 635K | 802K | 815K | 970K | 905K | 898K | $168M |
| DRIDARDEN RESTAURANTS INC | 777K | 913K | 918K | 904K | 859K | 851K | $167M |
| PGPROCTER AND GAMBLE CO | 985K | 1.1M | 1.1M | 969K | 915K | 1.1M | $154M |
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.
