CIK 1277537
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2017-Q3. 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 | 81.22% | 17 |
| Capital Markets | 6.78% | 3 |
| Software & IT Services | 3.93% | 1 |
| Semiconductors & Semiconductor Equipment | 3.07% | 1 |
| Commercial Services & Supplies | 3.03% | 1 |
| Health Care Equipment & Supplies | 1.76% | 1 |
| Pharmaceuticals & Biotechnology | 0.23% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | IWSY | IMAGEWARE SYSTEMS INC COM | Unclassified | 54.44% |
| 2 | ICG GROUP INC | Unclassified | 5.06% | |
| 3 | CYREN LTD | Unclassified | 3.99% | |
| 4 | TRAK | ReposiTrak, Inc. | Information Technology | 3.93% |
| 5 | MATTERSIGHT CORP | Unclassified | 3.44% | |
| 6 | Imageware Systems Inc. (IWSY) | Unclassified | 3.27% | |
| 7 | AAOI | APPLIED OPTOELECTRONICS, INC. | Information Technology | 3.07% |
| 8 | APPS | Digital Turbine, Inc. | Financials | 3.06% |
| 9 | OPRX | OptimizeRx Corp | Industrials | 3.03% |
| 10 | SFES | SAFEGUARD SCIENTIFICS INC | Financials | 2.06% |
8/25 names classified · sector 18.8% of weight · industry 18.8% · mkt cap 18.5%; 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: 18.8% of the book is sector-classified (unclassified names shown, never dropped).
Only 7% of book weight classified — the grid is NOT representative of the whole book.
Classified: 7.0% of book weight (2/13 names) · unclassified 93.0%: IWSY, , AAOI, APPS, SFES, NRTSF, MLSS, REFR, TRIB, PURE +1 more. 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 | IWSYIMAGEWARE SYSTEMS INC COM | 35,403,106 | $56M | 54.4% | HOLD |
| 2 | ICG GROUP INC | 335,500 | $5M | 5.1% | TRIM −44% |
| 3 | CYREN LTD | 1,648,656 | $4M | 4.0% | TRIM −36% |
| 4 | TRAKREPOSITRAK INC | 425,071 | $4M | 3.9% | TRIM −6% |
| 5 | MATTERSIGHT CORP | 1,396,656 | $4M | 3.4% | TRIM −14% |
| 6 | Imageware Systems Inc. (IWSY) | 3,378 | $3M | 3.3% | HOLD |
| 7 | AAOIAPPLIED OPTOELECTRONICS INC | 83,850 | $3M | 3.1% | TRIM −20% |
| 8 | APPSDIGITAL TURBINE INC | 1,770,496 | $3M | 3.1% | TRIM −6% |
| 9 | OPRXOPTIMIZERX CORP COM | 1,993,044 | $3M | 3.0% | TRIM −8% |
| 10 | SFESSAFEGUARD SCIENTIFICS INC | 190,000 | $2M | 2.1% | NEW |
| 11 | NRTSFNOBILIS HEALTH CORP | 1,565,000 | $2M | 2.0% | NEW |
| 12 | MLSSMILESTONE SCIENTIFIC INC | 1,537,841 | $2M | 1.8% | ADD 9% |
| 13 | REFRRESEARCH FRONTIERS INC | 1,644,266 | $2M | 1.7% | TRIM −22% |
| 14 | MDC PARTNERS INC. | 157,550 | $2M | 1.5% | TRIM −23% |
| 15 | CHARLES & COLVARD LTD | 1,092,783 | $1M | 1.4% | TRIM −19% |
| 16 | 22ND CENTY GROUP INC | 500,000 | $1M | 1.4% | ADD 25% |
| 17 | DETERMINE INC | 665,298 | $1M | 1.2% | ADD 21% |
| 18 | Deep Down Inc (DPDW) | 1,162,247 | $1M | 1.0% | ADD 34% |
| 19 | BRIDGEPOINT ED INC | 119,115 | $989,000 | 1.0% | NEW |
| 20 | Nanotech Sec Corp (NTSFF) | 498,500 | $573,000 | 0.6% | TRIM −5% |
| 21 | IPASS INC | 801,000 | $417,000 | 0.4% | TRIM −38% |
| 22 | Hopto (HPTO) | 2,410,667 | $337,000 | 0.3% | NEW |
| 23 | TRIBTRINITY BIOTECH PLC | 46,000 | $235,000 | 0.2% | TRIM −46% |
| 24 | PUREPURE Bioscience, Inc | 163,884 | $156,000 | 0.2% | HOLD |
| 25 | CBKCQCHRISTOPHER & BANKS CORP | 100,000 | $127,000 | 0.1% | NEW |
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