CIK 1282197
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q1. 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 |
|---|---|---|
| Banks | 36.27% | 2 |
| Diversified Telecommunication Services | 26.27% | 2 |
| Entertainment | 15.24% | 2 |
| Hotels, Restaurants & Leisure | 12.92% | 2 |
| Paper & Forest Products | 7.24% | 2 |
| Unclassified | 1.72% | 2 |
| Automobiles & Components | 0.34% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | CPSS | CONSUMER PORTFOLIO SERVICES, INC. | Financials | 29.37% |
| 2 | VZ | VERIZON COMMUNICATIONS INC | Communication Services | 15.72% |
| 3 | KVHI | KVH INDUSTRIES INC \DE\ | Communication Services | 10.55% |
| 4 | CPHC | Canterbury Park Holding Corp | Communication Services | 9.39% |
| 5 | WYNN | WYNN RESORTS LTD | Consumer Discretionary | 9.18% |
| 6 | UBS | UBS Group AG | Financials | 6.90% |
| 7 | FUN | Six Flags Entertainment Corporation/NEW | Communication Services | 5.85% |
| 8 | MAGN | Magnera Corp | Materials | 5.28% |
| 9 | BYD | BOYD GAMING CORP | Consumer Discretionary | 3.74% |
| 10 | CLW | Clearwater Paper Corp | Materials | 1.96% |
11/13 names classified · sector 98.3% of weight · industry 98.3% · mkt cap 91.4%; 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: 98.3% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 58.3% of book weight (5/13 names) · unclassified 41.7%: KVHI, CPHC, UBS, FUN, MAGN, CLW, BRK.A, NOTVQ. 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 | CPSSCONSUMER PORTFOLIO SVCS INC | 5,127,165 | $50M | 29.4% | HOLD |
| 2 | VZVERIZON COMMUNICATIONS INC | 623,171 | $27M | 15.7% | HOLD |
| 3 | KVHIKVH INDS INC | 3,396,527 | $18M | 10.6% | HOLD |
| 4 | CPHCCANTERBURY PK HLDG CORP | 854,805 | $16M | 9.4% | HOLD |
| 5 | WYNNWYNN RESORTS LTD | 168,158 | $16M | 9.2% | HOLD |
| 6 | UBSUBS GROUP AG | 350,000 | $12M | 6.9% | HOLD |
| 7 | FUNSIX FLAGS ENTERTAINMENT CORP | 329,920 | $10M | 5.9% | HOLD |
| 8 | MAGNMAGNERA CORP | 750,000 | $9M | 5.3% | HOLD |
| 9 | BYDBOYD GAMING CORP | 82,000 | $6M | 3.7% | HOLD |
| 10 | CLWCLEARWATER PAPER CORP | 123,508 | $3M | 2.0% | HOLD |
| 11 | BRK.ABERKSHIRE HATHAWAY INC DEL | 4 | $3M | 1.7% | HOLD |
| 12 | CVGICOMMERCIAL VEH GROUP INC | 350,000 | $581,000 | 0.3% | HOLD |
| 13 | NOTVQINOTIV INC | 19,756 | $35,956 | 0.0% | HOLD |
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