CIK 1308685
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 |
|---|---|---|
| Unclassified | 15.11% | 9 |
| Utilities | 11.36% | 6 |
| Oil, Gas & Consumable Fuels | 10.83% | 4 |
| Specialty Retail | 9.21% | 1 |
| Aerospace & Defense | 5.48% | 2 |
| Construction & Engineering | 5.23% | 1 |
| Software | 5.03% | 1 |
| Metals & Mining | 4.07% | 3 |
| Pharmaceuticals & Biotechnology | 3.69% | 2 |
| Machinery | 3.69% | 3 |
| Beverages | 3.11% | 2 |
| Health Care Equipment & Supplies | 2.88% | 2 |
| Road & Rail | 2.48% | 2 |
| Commercial Services & Supplies | 2.47% | 1 |
| Capital Markets | 2.12% | 1 |
| Diversified Telecommunication Services | 2.02% | 1 |
| Automobiles & Components | 1.73% | 1 |
| Distributors | 1.58% | 1 |
| Electrical Equipment & Components | 1.45% | 1 |
| Insurance | 1.43% | 1 |
| Food Products | 1.41% | 1 |
| Health Care Providers & Services | 1.41% | 1 |
| Technology Hardware & Equipment | 1.17% | 2 |
| Chemicals | 0.99% | 1 |
| Software & IT Services | 0.06% | 2 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | SH | PROSHARES TR | Unclassified | 10.65% |
| 2 | WMT | Walmart Inc. | Consumer Discretionary | 9.21% |
| 3 | PWR | QUANTA SERVICES, INC. | Industrials | 5.23% |
| 4 | MSFT | MICROSOFT CORP | Information Technology | 5.03% |
| 5 | BRK.B | BERKSHIRE HATHAWAY INC | Financials | 4.20% |
| 6 | CVX | CHEVRON CORP | Energy | 4.08% |
| 7 | LHX | L3HARRIS TECHNOLOGIES, INC. /DE/ | Industrials | 3.58% |
| 8 | PSX | Phillips 66 | Energy | 2.91% |
| 9 | AEP | AMERICAN ELECTRIC POWER CO INC | Utilities | 2.71% |
| 10 | WPM | WHEATON PRECIOUS METALS CORP | Materials | 2.56% |
44/52 names classified · sector 89.1% of weight · industry 84.9% · mkt cap 85.5%; 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: 89.1% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 81.3% of book weight (41/52 names) · unclassified 18.7%: SH, BRK.B, WPM, AEM, GDX, SPY, XLI, XLE, XLV, XLU +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 | SHPROSHARES TR | 3,823,020 | $145M | 10.7% | ADD 53% |
| 2 | WMTWALMART INC | 1,008,421 | $125M | 9.2% | HOLD |
| 3 | PWRQUANTA SVCS INC | 129,665 | $71M | 5.2% | HOLD |
| 4 | MSFTMICROSOFT CORP | 185,075 | $69M | 5.0% | TRIM −18% |
| 5 | BRK.BBERKSHIRE HATHAWAY INC DEL | 119,229 | $57M | 4.2% | HOLD |
| 6 | CVXCHEVRON CORP NEW | 268,451 | $56M | 4.1% | HOLD |
| 7 | LHXL3HARRIS TECHNOLOGIES INC | 141,355 | $49M | 3.6% | HOLD |
| 8 | PSXPHILLIPS 66 | 217,285 | $40M | 2.9% | HOLD |
| 9 | AEPAMERICAN ELEC PWR CO INC | 281,363 | $37M | 2.7% | HOLD |
| 10 | WPMWHEATON PRECIOUS METALS CORP | 266,163 | $35M | 2.6% | TRIM −23% |
| 11 | WMWASTE MGMT INC DEL | 146,166 | $34M | 2.5% | HOLD |
| 12 | CNPCENTERPOINT ENERGY INC | 719,100 | $31M | 2.3% | HOLD |
| 13 | CBOECBOE GLOBAL MKTS INC | 102,782 | $29M | 2.1% | HOLD |
| 14 | NEENEXTERA ENERGY INC | 309,018 | $29M | 2.1% | HOLD |
| 15 | EOGEOG RES INC | 196,550 | $28M | 2.1% | HOLD |
| 16 | TAT&T INC | 950,175 | $28M | 2.0% | HOLD |
| 17 | LMTLOCKHEED MARTIN CORP | 42,665 | $26M | 1.9% | HOLD |
| 18 | MRKMERCK & CO INC | 209,647 | $25M | 1.9% | HOLD |
| 19 | JNJJOHNSON & JOHNSON | 102,340 | $25M | 1.8% | HOLD |
| 20 | DUKDUKE ENERGY CORP NEW | 190,154 | $25M | 1.8% | HOLD |
| 21 | KOCOCA COLA CO | 317,716 | $24M | 1.8% | HOLD |
| 22 | SYKSTRYKER CORPORATION | 73,322 | $24M | 1.8% | HOLD |
| 23 | COPCONOCOPHILLIPS | 180,848 | $24M | 1.8% | HOLD |
| 24 | PCARPACCAR INC | 204,178 | $24M | 1.7% | HOLD |
| 25 | UPSUNITED PARCEL SERVICE INC | 219,205 | $22M | 1.6% | ADD 58% |
| 26 | CAHCARDINAL HEALTH INC | 101,997 | $22M | 1.6% | HOLD |
| 27 | EMREMERSON ELEC CO | 150,967 | $20M | 1.5% | HOLD |
| 28 | CITHE CIGNA GROUP | 73,102 | $20M | 1.4% | HOLD |
| 29 | MDLZMONDELEZ INTL INC | 332,528 | $19M | 1.4% | HOLD |
| 30 | LHLABCORP HOLDINGS INC | 71,729 | $19M | 1.4% | HOLD |
| 31 | PEPPEPSICO INC | 117,045 | $18M | 1.3% | HOLD |
| 32 | BKRBAKER HUGHES COMPANY | 287,391 | $18M | 1.3% | HOLD |
| 33 | CCKCROWN HLDGS INC | 169,414 | $17M | 1.2% | NEW |
| 34 | AEEAMEREN CORP | 153,635 | $17M | 1.2% | HOLD |
| 35 | DTEDTE ENERGY CO | 111,204 | $16M | 1.2% | HOLD |
| 36 | DOVDOVER CORP | 75,066 | $16M | 1.1% | HOLD |
| 37 | MDTMEDTRONIC PLC | 174,706 | $15M | 1.1% | HOLD |
| 38 | DHRDANAHER CORP DEL | 76,589 | $15M | 1.1% | HOLD |
| 39 | PGPROCTER AND GAMBLE CO | 93,537 | $14M | 1.0% | HOLD |
| 40 | AEMAGNICO EAGLE MINES LTD | 66,349 | $13M | 1.0% | TRIM −63% |
| 41 | UNPUNION PAC CORP | 50,040 | $12M | 0.9% | HOLD |
| 42 | NEMNEWMONT CORP | 64,910 | $7M | 0.5% | TRIM −42% |
| 43 | AAPLAPPLE INC | 5,487 | $1M | 0.1% | TRIM −11% |
| 44 | GDXVANECK ETF TRUST GOLD MINERS ETF | 13,263 | $1M | 0.1% | TRIM −7% |
| 45 | SPYSTATE STR SPDR S&P 500 ETF T | 1,620 | $1M | 0.1% | ADD 24% |
| 46 | GOOGLALPHABET INC | 1,480 | $425,589 | 0.0% | TRIM −6% |
| 47 | GOOGALPHABET INC | 1,321 | $378,943 | 0.0% | HOLD |
| 48 | XLISELECT SECTOR SPDR TR | 2,028 | $327,989 | 0.0% | TRIM −17% |
| 49 | XLESELECT SECTOR SPDR TR | 5,096 | $312,181 | 0.0% | TRIM −13% |
| 50 | XLVSELECT SECTOR SPDR TR | 1,770 | $259,500 | 0.0% | TRIM −22% |
| 51 | XLUSELECT SECTOR SPDR TR | 5,013 | $230,047 | 0.0% | NEW |
| 52 | XLPSELECT SECTOR SPDR TR | 2,793 | $228,971 | 0.0% | TRIM −17% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| SHPROSHARES TR | — | 1.2M | — | — | 2.5M | 3.8M | $145M |
| WMTWALMART INC | 1.1M | 1.1M | 1.1M | 1.0M | 1.0M | 1.0M | $125M |
| PWRQUANTA SVCS INC | 185K | 136K | 134K | 132K | 130K | 130K | $71M |
| MSFTMICROSOFT CORP | 242K | 239K | 234K | 231K | 227K | 185K | $69M |
| BRK.BBERKSHIRE HATHAWAY INC DEL | 123K | 121K | 120K | 119K | 119K | 119K | $57M |
| CVXCHEVRON CORP NEW | 283K | 278K | 275K | 271K | 269K | 268K | $56M |
| LHXL3HARRIS TECHNOLOGIES INC | 149K | 147K | 145K | 143K | 142K | 141K | $49M |
| PSXPHILLIPS 66 | 225K | 224K | 222K | 219K | 217K | 217K | $40M |
| AEPAMERICAN ELEC PWR CO INC | 299K | 296K | 291K | 288K | 283K | 281K | $37M |
| WPMWHEATON PRECIOUS METALS CORP | 363K | 358K | 353K | 350K | 344K | 266K | $35M |
| WMWASTE MGMT INC DEL | 148K | 148K | 147K | 146K | 146K | 146K | $34M |
| CNPCENTERPOINT ENERGY INC | 740K | 731K | 723K | 719K | 718K | 719K | $31M |
| CBOECBOE GLOBAL MKTS INC | 109K | 108K | 107K | 105K | 104K | 103K | $29M |
| NEENEXTERA ENERGY INC | — | — | 315K | 312K | 309K | 309K | $29M |
| EOGEOG RES INC | 206K | 203K | 201K | 200K | 196K | 197K | $28M |
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.
