CIK 1278641
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-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 | 39.98% | 17 |
| Pharmaceuticals & Biotechnology | 8.59% | 7 |
| Specialty Retail | 8.11% | 5 |
| Metals & Mining | 8.00% | 2 |
| Oil, Gas & Consumable Fuels | 7.26% | 6 |
| Technology Hardware & Equipment | 5.38% | 2 |
| Capital Markets | 5.26% | 2 |
| Banks | 4.95% | 1 |
| Automobiles & Components | 3.98% | 1 |
| Electrical Equipment & Components | 3.49% | 1 |
| Utilities | 2.11% | 1 |
| Life Sciences Tools & Services | 1.24% | 1 |
| Software & IT Services | 0.51% | 1 |
| Machinery | 0.40% | 3 |
| Software | 0.33% | 2 |
| Health Care Equipment & Supplies | 0.22% | 1 |
| Insurance | 0.18% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | TEXAS | Unclassified | 7.40% | |
| 2 | Investor AB | Unclassified | 6.15% | |
| 3 | DG | DOLLAR GENERAL CORP | Consumer Discretionary | 5.71% |
| 4 | MSB | MESABI TRUST | Financials | 5.13% |
| 5 | IBM | INTERNATIONAL BUSINESS MACHINES CORP | Information Technology | 5.12% |
| 6 | BLX | FOREIGN TRADE BANK OF LATIN AMERICA, INC. | Financials | 4.95% |
| 7 | FNV | FRANCO NEVADA CORP | Materials | 4.01% |
| 8 | WPM | WHEATON PRECIOUS METALS CORP | Materials | 3.99% |
| 9 | ALV | AUTOLIV INC | Consumer Discretionary | 3.98% |
| 10 | JNJ | JOHNSON & JOHNSON | Health Care | 3.78% |
38/54 names classified · sector 63.0% of weight · industry 60.0% · mkt cap 44.7%; 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: 63.0% of the book is sector-classified (unclassified names shown, never dropped).
Only 41% of book weight classified — the grid is NOT representative of the whole book.
Classified: 41.5% of book weight (29/50 names) · unclassified 58.5%: , BLX, FNV, WPM, SIEGY, ABBNY, BRK.B, NSRGY, FUJHY, BRK.A +11 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 | TEXAS | 68,241 | $20M | 7.4% | ADD 202% |
| 2 | Investor AB | 459,474 | $16M | 6.1% | TRIM −3% |
| 3 | DGDOLLAR GEN CORP | 113,995 | $15M | 5.7% | TRIM −7% |
| 4 | MSBMESABI TR | 352,805 | $14M | 5.1% | TRIM −4% |
| 5 | IBMINTERNATIONAL BUSINESS MACHS | 45,790 | $14M | 5.1% | TRIM −8% |
| 6 | BLXBANCO LATINOAMERICANO DE COMER SHS E | 294,135 | $13M | 5.0% | TRIM −4% |
| 7 | FNVFRANCO NEV CORP | 51,272 | $11M | 4.0% | TRIM −3% |
| 8 | WPMWHEATON PRECIOUS METALS CORP | 89,943 | $11M | 4.0% | TRIM −4% |
| 9 | ALVAUTOLIV INC | 88,810 | $11M | 4.0% | TRIM −3% |
| 10 | JNJJOHNSON & JOHNSON | 48,425 | $10M | 3.8% | TRIM −3% |
| 11 | SIEGYSiemens AG ADR | 71,555 | $10M | 3.8% | TRIM −3% |
| 12 | ABBNYABB LTD | 124,815 | $9M | 3.5% | TRIM −4% |
| 13 | Citigroup Capital XIII | 289,455 | $9M | 3.3% | HOLD |
| 14 | BRK.BBERKSHIRE HATHAWAY INC DEL | 15,736 | $8M | 3.0% | TRIM −7% |
| 15 | NSRGYNESTLE S A SPONSORED ADR | 73,394 | $7M | 2.7% | HOLD |
| 16 | FUJHYSUBARU CORP FUNSPONSORED ADR 1 ADR REPS 0.5 ORD SHS | 583,121 | $6M | 2.4% | TRIM −2% |
| 17 | BRK.ABERKSHIRE HATHAWAY INC DEL | 8 | $6M | 2.3% | ADD 14% |
| 18 | ABBVABBVIE INC | 25,725 | $6M | 2.2% | TRIM −15% |
| 19 | LNGCheniere Energy, Inc | 28,740 | $6M | 2.1% | TRIM −3% |
| 20 | FANGDIAMONDBACK ENERGY INC | 35,155 | $5M | 2.0% | ADD 7% |
| 21 | CTRACOTERRA ENERGY INC | 194,974 | $5M | 1.9% | TRIM −2% |
| 22 | CHRDCHORD ENERGY CORPORATION | 52,535 | $5M | 1.8% | TRIM −7% |
| 23 | OGNORGANON & CO | 666,725 | $5M | 1.8% | ADD 2% |
| 24 | ConocoPhillips Company | 48,380 | $5M | 1.7% | TRIM −7% |
| 25 | POGHFPilot Corporation | 145,306 | $5M | 1.7% | TRIM −3% |
| 26 | SKFRYSKF AB SPON ADR | 164,511 | $4M | 1.6% | TRIM −6% |
| 27 | SHELSHELL PLC | 57,076 | $4M | 1.6% | TRIM −2% |
| 28 | EOGEOG RES INC | 36,960 | $4M | 1.5% | TRIM −4% |
| 29 | CPRTCOPART INC | 94,590 | $4M | 1.4% | ADD 44% |
| 30 | ACLIFAccelleron Industries AG ORD | 47,473 | $4M | 1.4% | TRIM −4% |
| 31 | MTDMETTLER TOLEDO INTERNATIONAL | 2,347 | $3M | 1.2% | HOLD |
| 32 | GOOGLALPHABET INC | 4,300 | $1M | 0.5% | TRIM −4% |
| 33 | AMZNAMAZON COM INC | 5,580 | $1M | 0.5% | HOLD |
| 34 | AZOAUTOZONE INC | 265 | $899,000 | 0.3% | HOLD |
| 35 | FRMOFRMO CORPORATION | 96,702 | $706,000 | 0.3% | ADD 3% |
| 36 | AAPLAPPLE INC | 2,550 | $693,000 | 0.3% | HOLD |
| 37 | NVSNOVARTIS AG | 4,940 | $681,000 | 0.3% | ADD 11% |
| 38 | PSHZFPERSHING SQUARE HL ORDF | 10,175 | $663,000 | 0.3% | HOLD |
| 39 | MXCMEXCO ENERGY CORP | 62,295 | $617,000 | 0.2% | ADD 52% |
| 40 | MRKMERCK & CO INC | 5,850 | $616,000 | 0.2% | TRIM −16% |
| 41 | MMM3M CO | 3,705 | $593,000 | 0.2% | TRIM −34% |
| 42 | ORCLORACLE CORP | 2,465 | $480,000 | 0.2% | TRIM −87% |
| 43 | ALLALLSTATE CORP | 2,250 | $468,000 | 0.2% | HOLD |
| 44 | PFEPFIZER INC | 18,770 | $467,000 | 0.2% | TRIM −46% |
| 45 | BLDRBUILDERS FIRSTSOURCE INC | 4,410 | $454,000 | 0.2% | ADD 4% |
| 46 | AZZAZZ INC | 4,000 | $429,000 | 0.2% | TRIM −2% |
| 47 | CVXCHEVRON CORP NEW | 2,560 | $390,000 | 0.1% | ADD 7% |
| 48 | MSFTMICROSOFT CORP | 790 | $382,000 | 0.1% | HOLD |
| 49 | TFPMTRIPLE FLAG PRECIOUS METAL | 10,750 | $357,000 | 0.1% | HOLD |
| 50 | TKRTimken Co. | 3,875 | $326,000 | 0.1% | HOLD |
| 51 | VTRSVIATRIS INC | 25,570 | $318,000 | 0.1% | TRIM −15% |
| 52 | CATCATERPILLAR INC | 550 | $315,000 | 0.1% | TRIM −8% |
| 53 | ZEUSOLYMPIC STEEL INC | 5,000 | $214,000 | 0.1% | NEW |
| 54 | Surface Oncology Inc. | 20,000 | $21,000 | 0.0% | HOLD |
| 55 | BRISTOL-MYERS SQUIBB CO | 505,289 | $0 | 0.0% | TRIM −3% |
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