CIK 1317208
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q2. 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 | 25.08% | 11 |
| Metals & Mining | 22.98% | 7 |
| Utilities | 12.93% | 5 |
| Pharmaceuticals & Biotechnology | 11.49% | 6 |
| Media & Entertainment | 6.24% | 2 |
| Real Estate Management & Development | 5.48% | 1 |
| Agricultural Products | 3.87% | 1 |
| Machinery | 3.48% | 1 |
| Commercial Services & Supplies | 3.47% | 2 |
| Communications Equipment | 3.18% | 1 |
| Oil, Gas & Consumable Fuels | 0.84% | 2 |
| Software | 0.42% | 1 |
| Technology Hardware & Equipment | 0.40% | 2 |
| Equity Real Estate Investment Trusts (REITs) | 0.09% | 1 |
| Food Products | 0.05% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | NEW GOLD INC CDA | Unclassified | 7.64% | |
| 2 | BVN | BUENAVENTURA MINING CO INC | Materials | 6.52% |
| 3 | MLP | MAUI LAND & PINEAPPLE CO INC | Real Estate | 5.48% |
| 4 | SBSW | Sibanye Stillwater Ltd | Materials | 5.47% |
| 5 | CIG | ENERGY CO OF MINAS GERAIS | Utilities | 5.15% |
| 6 | SLV | ISHARES SILVER TR | Unclassified | 4.68% |
| 7 | CWCO | Consolidated Water Co. Ltd. | Utilities | 4.58% |
| 8 | ADEA | Adeia Inc. | Communication Services | 4.50% |
| 9 | MNKD | MANNKIND CORP | Health Care | 4.29% |
| 10 | GLD | SPDR GOLD TR | Unclassified | 3.91% |
33/44 names classified · sector 74.9% of weight · industry 74.9% · mkt cap 54.0%; 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: 74.9% 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 (23/43 names) · unclassified 58.5%: , BVN, MLP, SBSW, CIG, SLV, GLD, TMQ, NOK, SSYS +10 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 | NEW GOLD INC CDA | 3,976,626 | $29M | 7.6% | NEW |
| 2 | BVNCOMPANIA DE MINAS BUENAVENTU | 1,001,508 | $24M | 6.5% | NEW |
| 3 | MLPMAUI LD & PINEAPPLE INC | 1,099,541 | $20M | 5.5% | NEW |
| 4 | SBSWSIBANYE STILLWATER LTD | 1,819,625 | $20M | 5.5% | NEW |
| 5 | CIGCIA ENERGETICA DE MINAS GERA | 9,127,729 | $19M | 5.2% | NEW |
| 6 | SLVISHARES SILVER TR | 412,525 | $17M | 4.7% | NEW |
| 7 | CWCOCONSOLIDATED WATER CO INC | 484,725 | $17M | 4.6% | NEW |
| 8 | ADEAADEIA INC | 1,001,487 | $17M | 4.5% | NEW |
| 9 | MNKDMANNKIND CORP | 2,983,975 | $16M | 4.3% | NEW |
| 10 | GLDSPDR GOLD TR | 41,069 | $15M | 3.9% | NEW |
| 11 | CTVACORTEVA INC | 213,660 | $14M | 3.9% | NEW |
| 12 | TMQTRILOGY METALS INC NEW | 6,715,000 | $14M | 3.8% | NEW |
| 13 | XYLXYLEM INC | 88,232 | $13M | 3.5% | NEW |
| 14 | NVAXNOVAVAX INC | 1,399,065 | $12M | 3.2% | NEW |
| 15 | NOKNOKIA CORP | 2,473,592 | $12M | 3.2% | NEW |
| 16 | SSYSSTRATASYS LTD | 944,350 | $11M | 2.8% | NEW |
| 17 | CLDXCELLDEX THERAPEUTICS INC NEW | 375,927 | $10M | 2.6% | NEW |
| 18 | WMWASTE MGMT INC DEL | 41,965 | $9M | 2.5% | NEW |
| 19 | NEMNEWMONT CORP | 107,816 | $9M | 2.4% | NEW |
| 20 | FCXFREEPORT MCMORAN INC | 215,925 | $8M | 2.3% | NEW |
| 21 | CDECOEUR MNG INC | 436,125 | $8M | 2.2% | NEW |
| 22 | WBDWARNER BROS DISCOVERY INC | 332,048 | $6M | 1.7% | NEW |
| 23 | MSEXMIDDLESEX WTR CO | 119,224 | $6M | 1.7% | NEW |
| 24 | MPVBARINGS PARTN INVS | 285,455 | $6M | 1.5% | NEW |
| 25 | BGHBARINGS GLOBAL SHORT DURATIO | 329,932 | $5M | 1.4% | NEW |
| 26 | AMXAMERICA MOVIL SAB DE CV | 193,321 | $4M | 1.1% | NEW |
| 27 | WUWESTERN UN CO | 461,197 | $4M | 1.0% | NEW |
| 28 | GWRSGLOBAL WTR RES INC | 322,577 | $3M | 0.9% | NEW |
| 29 | KYNKAYNE ANDERSON ENERGY INFRST | 262,825 | $3M | 0.9% | NEW |
| 30 | MRKMERCK & CO INC | 37,794 | $3M | 0.8% | NEW |
| 31 | HPIHANCOCK JOHN PFD INCOME FD | 131,360 | $2M | 0.6% | NEW |
| 32 | ENBENBRIDGE INC | 44,349 | $2M | 0.6% | NEW |
| 33 | DUKDUKE ENERGY CORP NEW | 17,607 | $2M | 0.6% | NEW |
| 34 | MCIBARINGS CORPORATE INVS | 85,607 | $2M | 0.5% | NEW |
| 35 | XPERXPERI INC | 239,538 | $2M | 0.4% | NEW |
| 36 | GLWCORNING INC | 15,000 | $1M | 0.3% | NEW |
| 37 | PFEPFIZER INC | 44,100 | $1M | 0.3% | NEW |
| 38 | KRPKIMBELL RTY PARTNERS LP | 67,850 | $915,298 | 0.2% | NEW |
| 39 | CSCOCISCO SYS INC | 11,350 | $776,567 | 0.2% | NEW |
| 40 | BMYBRISTOL-MYERS SQUIBB CO | 17,175 | $774,594 | 0.2% | NEW |
| 41 | PBIPITNEY BOWES INC | 62,800 | $716,548 | 0.2% | NEW |
| 42 | WYWEYERHAEUSER CO | 13,111 | $325,022 | 0.1% | NEW |
| 43 | ASSERTIO HOLDINGS INC | 316,875 | $279,104 | 0.1% | NEW |
| 44 | CAGCONAGRA BRANDS INC | 10,250 | $187,678 | 0.1% | NEW |
Where this firm's principals came from and which firms its alumni went on to found.
