CIK 1317947
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 | 97.17% | 4 |
| Insurance | 1.70% | 1 |
| Metals & Mining | 1.13% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | BCSF | BAIN CAP SPECIALTY FIN INC | Unclassified | 48.39% |
| 2 | BKLN | INVESCO EXCH TRADED FD TR II | Unclassified | 24.64% |
| 3 | HYG | ISHARES TR | Unclassified | 23.35% |
| 4 | OSG | OCTAVE SPECIALTY GROUP INC | Financials | 1.70% |
| 5 | ASTL | Algoma Steel Group Inc. | Materials | 1.13% |
| 6 | SRLN | SSGA ACTIVE ETF TR | Unclassified | 0.80% |
2/6 names classified · sector 2.8% of weight · industry 2.8% · mkt cap 2.8%; 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: 2.8% of the book is sector-classified (unclassified names shown, never dropped).
Only 0% of book weight classified — the grid is NOT representative of the whole book.
Classified: 0.0% of book weight (0/6 names) · unclassified 100.0%: BCSF, BKLN, HYG, OSG, ASTL, SRLN. 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 | BCSFBAIN CAP SPECIALTY FIN INC | 11,822,433 | $147M | 48.4% | HOLD |
| 2 | BKLNINVESCO EXCH TRADED FD TR II | 3,658,098 | $75M | 24.6% | TRIM −49% |
| 3 | HYGISHARES TR | 889,077 | $71M | 23.3% | ADD 33% |
| 4 | OSGOCTAVE SPECIALTY GROUP INC | 1,108,012 | $5M | 1.7% | HOLD |
| 5 | ASTLALGOMA STL GROUP INC | 825,777 | $3M | 1.1% | HOLD |
| 6 | SRLNSSGA ACTIVE ETF TR | 60,136 | $2M | 0.8% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| BCSFBAIN CAP SPECIALTY FIN INC | 12.3M | 11.8M | 11.8M | 11.8M | 11.8M | 11.8M | $147M |
| BKLNINVESCO EXCH TRADED FD TR II | 3.0M | 2.8M | 3.6M | 5.4M | 7.1M | 3.7M | $75M |
| HYGISHARES TR | 16K | — | — | 254K | 666K | 889K | $71M |
| OSGOCTAVE SPECIALTY GROUP INC | 1.1M | 1.1M | 1.1M | 1.1M | 1.1M | 1.1M | $5M |
| ASTLALGOMA STL GROUP INC | 837K | 837K | 837K | 837K | 826K | 826K | $3M |
| SRLNSSGA ACTIVE ETF TR | 311K | 301K | 132K | 60K | 60K | 60K | $2M |
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.
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