CIK 1317679
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 |
|---|---|---|
| Metals & Mining | 46.86% | 5 |
| Chemicals | 17.30% | 5 |
| Specialty Retail | 16.67% | 5 |
| Unclassified | 9.40% | 3 |
| Oil, Gas & Consumable Fuels | 5.99% | 4 |
| Paper & Forest Products | 1.37% | 1 |
| Textiles, Apparel & Luxury Goods | 1.07% | 1 |
| Road & Rail | 0.92% | 1 |
| Marine | 0.43% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | CENX | CENTURY ALUMINUM CO | Materials | 26.66% |
| 2 | ERO | Ero Copper Corp. | Materials | 12.76% |
| 3 | BKE | BUCKLE INC | Consumer Discretionary | 9.84% |
| 4 | TRONOX HOLDINGS PLC | Unclassified | 5.32% | |
| 5 | EMN | EASTMAN CHEMICAL CO | Materials | 4.09% |
| 6 | PPG | PPG INDUSTRIES INC | Materials | 4.08% |
| 7 | AA | Alcoa Corp | Materials | 4.02% |
| 8 | SLB | SLB LIMITED/NV | Energy | 3.77% |
| 9 | CE | Celanese Corp | Materials | 3.37% |
| 10 | HUN | Huntsman CORP | Materials | 3.35% |
23/26 names classified · sector 90.6% of weight · industry 90.6% · mkt cap 86.2%; 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: 90.6% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 73.4% of book weight (19/25 names) · unclassified 26.6%: ERO, , MT, WFG, SBLK, DHT. 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 | CENXCENTURY ALUM CO | 975,000 | $57M | 26.7% | ADD 14% |
| 2 | EROERO COPPER CORP | 1,027,956 | $27M | 12.8% | ADD 8% |
| 3 | BKEBUCKLE INC | 419,578 | $21M | 9.8% | ADD 5% |
| 4 | TRONOX HOLDINGS PLC | 1,168,200 | $11M | 5.3% | TRIM −8% |
| 5 | EMNEASTMAN CHEM CO | 115,000 | $9M | 4.1% | NEW |
| 6 | PPGPPG INDS INC | 82,000 | $9M | 4.1% | NEW |
| 7 | AAAlcoa Upstream Corp. | 130,000 | $9M | 4.0% | NEW |
| 8 | SLBSCHLUMBERGER LTD | 157,284 | $8M | 3.8% | NEW |
| 9 | CECELANESE CORP DEL | 110,000 | $7M | 3.4% | NEW |
| 10 | HUNHUNTSMAN CORP | 540,000 | $7M | 3.3% | TRIM −38% |
| 11 | ANFABERCROMBIE & FITCH CO | 67,000 | $6M | 2.9% | NEW |
| 12 | HUNTSMAN CORP | 451,000 | $6M | 2.8% | TRIM −16% |
| 13 | MTARCELORMITTAL SA LUXEMBOURG | 110,887 | $6M | 2.6% | TRIM −30% |
| 14 | TROXTRONOX HOLDINGS PLC | 530,000 | $5M | 2.4% | TRIM −54% |
| 15 | DKSDICKS SPORTING GOODS INC | 22,500 | $4M | 2.1% | ADD 6% |
| 16 | WFGWEST FRASER TIMBER CO LTD | 44,826 | $3M | 1.4% | NEW |
| 17 | SBLKSTAR BULK CARRIERS CORP. | 120,000 | $3M | 1.3% | TRIM −28% |
| 18 | AEOAMERICAN EAGLE OUTFITTERS IN | 145,300 | $2M | 1.1% | NEW |
| 19 | LULULULULEMON ATHLETICA INC | 15,000 | $2M | 1.1% | NEW |
| 20 | FANGDIAMONDBACK ENERGY INC | 10,000 | $2M | 0.9% | TRIM −50% |
| 21 | ARCBARCBEST CORP | 20,000 | $2M | 0.9% | TRIM −71% |
| 22 | CRCCALIFORNIA RES CORP | 25,000 | $2M | 0.8% | NEW |
| 23 | MLIMUELLER INDS INC | 15,000 | $2M | 0.8% | HOLD |
| 24 | BLDRBUILDERS FIRSTSOURCE INC | 20,000 | $2M | 0.8% | NEW |
| 25 | APAAPA CORPORATION | 25,000 | $1M | 0.5% | NEW |
| 26 | DHTDHT HOLDINGS INC | 50,000 | $913,500 | 0.4% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| CENXCENTURY ALUM CO | 697K | 932K | 804K | 689K | 858K | 975K | $57M |
| EROERO COPPER CORP | 1.7M | 1.6M | 1.7M | 1.7M | 950K | 1.0M | $27M |
| BKEBUCKLE INC | 315K | 432K | 357K | 238K | 400K | 420K | $21M |
| TRONOX HOLDINGS PLC | — | 60K | 651K | 11K | 1.3M | 1.2M | $11M |
| EMNEASTMAN CHEM CO | — | — | — | — | — | 115K | $9M |
| PPGPPG INDS INC | — | — | — | — | — | 82K | $9M |
| AAAlcoa Upstream Corp. | 178K | — | — | — | — | 130K | $9M |
| SLBSCHLUMBERGER LTD | 170K | 25K | 90K | — | — | 157K | $8M |
| CECELANESE CORP DEL | — | — | — | 15K | — | 110K | $7M |
| HUNHUNTSMAN CORP | — | 322K | 1.2M | 1.7M | 867K | 540K | $7M |
| ANFABERCROMBIE & FITCH CO | 34K | 114K | 99K | 82K | — | 67K | $6M |
| HUNTSMAN CORP | — | — | — | — | 537K | 451K | $6M |
| MTARCELORMITTAL SA LUXEMBOURG | — | — | — | — | 159K | 111K | $6M |
| TROXTRONOX HOLDINGS PLC | — | 910K | 1.2M | 1.2M | 1.1M | 530K | $5M |
| DKSDICKS SPORTING GOODS INC | — | — | — | — | 21K | 23K | $4M |
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.
