CIK 1278951
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 |
|---|---|---|
| Pharmaceuticals & Biotechnology | 19.52% | 3 |
| Media & Entertainment | 14.39% | 3 |
| Hotels, Restaurants & Leisure | 10.51% | 1 |
| Oil, Gas & Consumable Fuels | 6.81% | 3 |
| Software & IT Services | 6.36% | 1 |
| Real Estate Management & Development | 5.78% | 1 |
| Marine | 5.77% | 1 |
| Software | 5.51% | 2 |
| Banks | 4.96% | 1 |
| Entertainment | 4.00% | 1 |
| Distributors | 3.39% | 1 |
| Health Care Equipment & Supplies | 2.51% | 1 |
| Equity Real Estate Investment Trusts (REITs) | 2.39% | 1 |
| Chemicals | 2.07% | 1 |
| Paper & Forest Products | 1.87% | 1 |
| Diversified Telecommunication Services | 1.56% | 2 |
| Health Care Providers & Services | 1.17% | 1 |
| Construction Materials | 1.13% | 1 |
| Utilities | 0.30% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | BHC | Bausch Health Companies Inc. | Health Care | 11.12% |
| 2 | CMCSA | COMCAST CORP | Communication Services | 11.12% |
| 3 | MGM | MGM Resorts International | Consumer Discretionary | 10.51% |
| 4 | WAY | Waystar Holding Corp. | Information Technology | 6.36% |
| 5 | CBRE | CBRE GROUP, INC. | Real Estate | 5.78% |
| 6 | NCLH | Norwegian Cruise Line Holdings Ltd. | Industrials | 5.77% |
| 7 | JAZZ | Jazz Pharmaceuticals plc | Health Care | 5.34% |
| 8 | ALLY | Ally Financial Inc. | Financials | 4.96% |
| 9 | ESTC | Elastic N.V. | Information Technology | 4.24% |
| 10 | PRKS | United Parks & Resorts Inc. | Communication Services | 4.00% |
27/27 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 96.9%; 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: 100.0% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 79.2% of book weight (17/27 names) · unclassified 20.8%: JAZZ, REZI, VSNT, BLCO, SMA, TDS, WK, MPLX, ET, VOD. 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 | BHCBAUSCH HEALTH COS INC | 34,665,731 | $187M | 11.1% | HOLD |
| 2 | CMCSACOMCAST CORP NEW | 6,521,409 | $187M | 11.1% | TRIM −17% |
| 3 | MGMMGM RESORTS INTERNATIONAL | 4,771,865 | $177M | 10.5% | HOLD |
| 4 | WAYWAYSTAR HLDG CORP | 4,443,671 | $107M | 6.4% | NEW |
| 5 | CBRECBRE GROUP INC | 718,615 | $97M | 5.8% | NEW |
| 6 | NCLHNORWEGIAN CRUISE LINE HLDGS | 5,194,517 | $97M | 5.8% | ADD 13% |
| 7 | JAZZJAZZ PHARMACEUTICALS PLC | 475,550 | $90M | 5.3% | ADD 13% |
| 8 | ALLYALLY FINL INC | 2,128,514 | $83M | 5.0% | ADD 83% |
| 9 | ESTCELASTIC N V | 1,429,383 | $71M | 4.2% | ADD 118% |
| 10 | PRKSUNITED PARKS & RESORTS INC | 2,061,450 | $67M | 4.0% | TRIM −15% |
| 11 | REZIRESIDEO TECHNOLOGIES INC | 1,691,343 | $57M | 3.4% | ADD 33% |
| 12 | ANIPANI PHARMACEUTICALS INC | 667,981 | $51M | 3.1% | NEW |
| 13 | OVVOVINTIV INC | 825,502 | $49M | 2.9% | TRIM −47% |
| 14 | VSNTVERSANT MEDIA GROUP INC | 1,305,960 | $48M | 2.9% | NEW |
| 15 | GPORGULFPORT ENERGY CORP | 216,250 | $46M | 2.7% | ADD 43% |
| 16 | BLCOBAUSCH PLUS LOMB CORP | 2,660,508 | $42M | 2.5% | HOLD |
| 17 | SMASMARTSTOP SELF STORAG REIT I | 1,329,575 | $40M | 2.4% | ADD 14% |
| 18 | CECELANESE CORP DEL | 530,907 | $35M | 2.1% | NEW |
| 19 | FBINFORTUNE BRANDS INNOVATIONS I | 806,332 | $31M | 1.9% | ADD 4% |
| 20 | TDSTELEPHONE & DATA SYS INC | 516,000 | $22M | 1.3% | NEW |
| 21 | WKWORKIVA INC | 358,248 | $21M | 1.3% | NEW |
| 22 | ARDTARDENT HEALTH INC | 2,303,113 | $20M | 1.2% | HOLD |
| 23 | MPLXMPLX LP | 344,686 | $20M | 1.2% | TRIM −19% |
| 24 | OCOWENS CORNING NEW | 176,201 | $19M | 1.1% | TRIM −67% |
| 25 | CABOCABLE ONE INC | 73,180 | $7M | 0.4% | HOLD |
| 26 | ETENERGY TRANSFER L P | 259,793 | $5M | 0.3% | TRIM −23% |
| 27 | VODVODAFONE GROUP PLC | 300,000 | $4M | 0.3% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| BHCBAUSCH HEALTH COS INC | 27.5M | 30.3M | 34.3M | 34.8M | 34.7M | 34.7M | $187M |
| CMCSACOMCAST CORP NEW | — | — | — | 2.0M | 7.8M | 6.5M | $187M |
| MGMMGM RESORTS INTERNATIONAL | — | 4.5M | 5.4M | 4.2M | 4.7M | 4.8M | $177M |
| WAYWAYSTAR HLDG CORP | — | — | — | — | — | 4.4M | $107M |
| CBRECBRE GROUP INC | — | — | — | — | — | 719K | $97M |
| NCLHNORWEGIAN CRUISE LINE HLDGS | 970K | 3.2M | 4.0M | 3.3M | 4.6M | 5.2M | $97M |
| JAZZJAZZ PHARMACEUTICALS PLC | — | — | — | 1.1M | 420K | 476K | $90M |
| ALLYALLY FINL INC | — | — | — | 975K | 1.2M | 2.1M | $83M |
| ESTCELASTIC N V | — | — | — | — | 655K | 1.4M | $71M |
| PRKSUNITED PARKS & RESORTS INC | 805K | 1.3M | 1.2M | 1.3M | 2.4M | 2.1M | $67M |
| REZIRESIDEO TECHNOLOGIES INC | — | — | — | — | 1.3M | 1.7M | $57M |
| ANIPANI PHARMACEUTICALS INC | — | — | — | — | — | 668K | $51M |
| OVVOVINTIV INC | — | — | — | — | 1.6M | 826K | $49M |
| VSNTVERSANT MEDIA GROUP INC | — | — | — | — | — | 1.3M | $48M |
| GPORGULFPORT ENERGY CORP | — | — | — | 247K | 151K | 216K | $46M |
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.
