CIK 1313756
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 |
|---|---|---|
| Diversified Telecommunication Services | 39.93% | 1 |
| Airlines | 21.53% | 3 |
| Utilities | 15.26% | 3 |
| Commercial Services & Supplies | 9.72% | 1 |
| Equity Real Estate Investment Trusts (REITs) | 2.38% | 1 |
| Machinery | 1.55% | 1 |
| Health Care Equipment & Supplies | 1.52% | 1 |
| Health Care Providers & Services | 1.44% | 1 |
| Technology Hardware & Equipment | 1.27% | 1 |
| Media & Entertainment | 1.19% | 1 |
| Software | 1.14% | 1 |
| Semiconductors & Semiconductor Equipment | 0.71% | 1 |
| Software & IT Services | 0.65% | 1 |
| Electrical Equipment & Components | 0.62% | 1 |
| Specialty Retail | 0.57% | 1 |
| Metals & Mining | 0.30% | 1 |
| Unclassified | 0.21% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | ATEX | Anterix Inc. | Communication Services | 39.93% |
| 2 | RJET | REPUBLIC AIRWAYS HOLDINGS INC. | Industrials | 14.62% |
| 3 | FTAI | FTAI Aviation Ltd. | Industrials | 9.72% |
| 4 | PCG | PG&E Corp | Utilities | 9.45% |
| 5 | SKYW | SKYWEST INC | Industrials | 5.79% |
| 6 | TLN | Talen Energy Corp | Utilities | 3.95% |
| 7 | AIV | APARTMENT INVESTMENT & MANAGEMENT CO | Real Estate | 2.38% |
| 8 | VST | Vistra Corp. | Utilities | 1.85% |
| 9 | BWXT | BWX Technologies, Inc. | Industrials | 1.55% |
| 10 | ISRG | INTUITIVE SURGICAL INC | Health Care | 1.52% |
20/21 names classified · sector 99.8% of weight · industry 99.8% · mkt cap 99.8%; 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: 99.8% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 80.0% of book weight (17/21 names) · unclassified 20.0%: RJET, TLN, SPOT, BTMCQ. 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 | ATEXANTERIX INC | 5,411,776 | $207M | 39.9% | HOLD |
| 2 | RJETREPUBLIC AWYS HLDGS INC | 4,231,246 | $76M | 14.6% | ADD 3% |
| 3 | FTAIFTAI AVIATION LTD | 205,370 | $50M | 9.7% | TRIM −23% |
| 4 | PCGPG&E CORP | 2,784,437 | $49M | 9.5% | TRIM −48% |
| 5 | SKYWSKYWEST INC | 326,332 | $30M | 5.8% | ADD 3% |
| 6 | TLNTALEN ENERGY CORP | 64,043 | $20M | 4.0% | TRIM −33% |
| 7 | AIVAPARTMENT INVT & MGMT CO | 3,023,200 | $12M | 2.4% | NEW |
| 8 | VSTVISTRA CORP | 63,778 | $10M | 1.9% | TRIM −58% |
| 9 | BWXTBWX TECHNOLOGIES INC | 39,343 | $8M | 1.6% | TRIM −53% |
| 10 | ISRGINTUITIVE SURGICAL INC | 17,069 | $8M | 1.5% | NEW |
| 11 | CYHCOMMUNITY HEALTH SYS INC NEW | 2,530,622 | $7M | 1.4% | ADD 65% |
| 12 | DHRDANAHER CORP DEL | 34,653 | $7M | 1.3% | TRIM −45% |
| 13 | SPOTSPOTIFY TECHNOLOGY S A | 12,678 | $6M | 1.2% | NEW |
| 14 | INTUINTUIT | 13,702 | $6M | 1.1% | NEW |
| 15 | ALKAlaska Air Group, Inc. | 157,156 | $6M | 1.1% | NEW |
| 16 | NVDANVIDIA CORPORATION | 20,977 | $4M | 0.7% | TRIM −83% |
| 17 | APPAPPLOVIN CORP | 8,511 | $3M | 0.7% | TRIM −27% |
| 18 | GEGE AEROSPACE | 11,342 | $3M | 0.6% | NEW |
| 19 | AMZNAMAZON COM INC | 14,277 | $3M | 0.6% | TRIM −91% |
| 20 | HWMHOWMET AEROSPACE INC | 6,790 | $2M | 0.3% | NEW |
| 21 | BTMCQBITCOIN DEPOT INC | 502,014 | $1M | 0.2% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| ATEXANTERIX INC | 5.4M | 5.4M | 5.4M | 5.4M | 5.4M | 5.4M | $207M |
| RJETREPUBLIC AWYS HLDGS INC | — | — | — | — | 4.1M | 4.2M | $76M |
| FTAIFTAI AVIATION LTD | — | 113K | 320K | 263K | 268K | 205K | $50M |
| PCGPG&E CORP | 2.6M | 5.7M | 2.5M | 6.1M | 5.3M | 2.8M | $49M |
| SKYWSKYWEST INC | — | — | 96K | 251K | 318K | 326K | $30M |
| TLNTALEN ENERGY CORP | — | — | 121K | 116K | 96K | 64K | $20M |
| AIVAPARTMENT INVT & MGMT CO | — | — | — | — | — | 3.0M | $12M |
| VSTVISTRA CORP | — | — | 237K | 97K | 153K | 64K | $10M |
| BWXTBWX TECHNOLOGIES INC | — | — | — | 173K | 83K | 39K | $8M |
| ISRGINTUITIVE SURGICAL INC | — | — | — | — | — | 17K | $8M |
| CYHCOMMUNITY HEALTH SYS INC NEW | 630K | 1.5M | 1.9M | 1.9M | 1.5M | 2.5M | $7M |
| DHRDANAHER CORP DEL | — | — | — | — | 63K | 35K | $7M |
| SPOTSPOTIFY TECHNOLOGY S A | 28K | — | — | — | — | 13K | $6M |
| INTUINTUIT | — | — | — | — | — | 14K | $6M |
| ALKAlaska Air Group, Inc. | — | — | — | — | — | 157K | $6M |
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.
