CIK 1326150
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 |
|---|---|---|
| Software & IT Services | 21.49% | 2 |
| Real Estate Management & Development | 16.42% | 1 |
| Airlines | 15.48% | 3 |
| Aerospace & Defense | 15.00% | 1 |
| Leisure Products | 11.18% | 2 |
| Equity Real Estate Investment Trusts (REITs) | 3.60% | 1 |
| Unclassified | 3.48% | 5 |
| Technology Hardware & Equipment | 3.03% | 1 |
| Chemicals | 2.65% | 2 |
| Specialty Retail | 2.51% | 2 |
| Communications Equipment | 2.50% | 1 |
| Media & Entertainment | 2.19% | 1 |
| Food Products | 0.48% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | SNAP | Snap Inc | Information Technology | 21.39% |
| 2 | OPEN | Opendoor Technologies Inc. | Real Estate | 16.42% |
| 3 | NN | NEXTNAV INC. | Industrials | 15.00% |
| 4 | JBLU | JETBLUE AIRWAYS CORP | Industrials | 8.09% |
| 5 | PTON | PELOTON INTERACTIVE, INC. | Consumer Discretionary | 6.77% |
| 6 | CALY | Callaway Golf Co | Consumer Discretionary | 4.42% |
| 7 | ULCC | Frontier Group Holdings, Inc. | Industrials | 4.10% |
| 8 | FRMI | Fermi Inc. | Real Estate | 3.60% |
| 9 | NEXTNAV INC | Unclassified | 3.34% | |
| 10 | AAL | American Airlines Group Inc. | Industrials | 3.28% |
18/23 names classified · sector 96.5% of weight · industry 96.5% · mkt cap 96.0%; 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: 96.5% of the book is sector-classified (unclassified names shown, never dropped).
Only 17% of book weight classified — the grid is NOT representative of the whole book.
Classified: 17.0% of book weight (6/22 names) · unclassified 83.0%: SNAP, OPEN, NN, JBLU, PTON, FRMI, , GPRO, GRPN, COTY +6 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 | SNAPSNAP INC | 2,125,268 | $10M | 21.4% | ADD 94% |
| 2 | OPENOPENDOOR TECHNOLOGIES INC | 1,603,145 | $8M | 16.4% | ADD 190% |
| 3 | NNNEXTNAV INC | 427,821 | $7M | 15.0% | TRIM −16% |
| 4 | JBLUJETBLUE AWYS CORP | 836,961 | $4M | 8.1% | TRIM −44% |
| 5 | PTONPELOTON INTERACTIVE INC | 721,028 | $3M | 6.8% | ADD 29% |
| 6 | CALYTOPGOLF CALLAWAY BRANDS CORP | 145,411 | $2M | 4.4% | TRIM −26% |
| 7 | ULCCFRONTIER GROUP HLDGS INC | 531,326 | $2M | 4.1% | HOLD |
| 8 | FRMIFERMI INC | 281,499 | $2M | 3.6% | NEW |
| 9 | NEXTNAV INC | 252,000 | $2M | 3.3% | HOLD |
| 10 | AALAMERICAN AIRLS GROUP INC | 139,790 | $2M | 3.3% | NEW |
| 11 | GPROGOPRO INC | 1,834,707 | $1M | 3.0% | TRIM −3% |
| 12 | TBCHTURTLE BEACH CORP | 112,836 | $1M | 2.5% | HOLD |
| 13 | GRPNGROUPON INC | 84,088 | $1M | 2.2% | TRIM −83% |
| 14 | CWHCAMPING WORLD HLDGS INC | 123,920 | $846,374 | 1.9% | ADD 54% |
| 15 | COTYCOTY INC | 406,592 | $819,283 | 1.8% | TRIM −63% |
| 16 | NWLNEWELL BRANDS INC | 114,439 | $392,526 | 0.9% | TRIM −47% |
| 17 | GRWGGROWGENERATION CORP | 274,097 | $301,507 | 0.7% | HOLD |
| 18 | OTLYOATLY GROUP AB | 21,463 | $217,635 | 0.5% | HOLD |
| 19 | HYDROFARMS HLDGS GROUP INC | 45,469 | $46,378 | 0.1% | HOLD |
| 20 | BMBLBUMBLE INC | 13,488 | $43,791 | 0.1% | TRIM −97% |
| 21 | OPENWOPENDOOR TECHNOLOGIES INC | 12,970 | $7,842 | 0.0% | NEW |
| 22 | OPENLOPENDOOR TECHNOLOGIES INC | 12,970 | $3,191 | 0.0% | TRIM −50% |
| 23 | OPENZOPENDOOR TECHNOLOGIES INC | 12,970 | $3,053 | 0.0% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| SNAPSNAP INC | 438K | 688K | 833K | 1.2M | 1.1M | 2.1M | $10M |
| OPENOPENDOOR TECHNOLOGIES INC | — | — | — | — | 553K | 1.6M | $8M |
| NNNEXTNAV INC | 477K | 330K | 432K | 443K | 508K | 428K | $7M |
| JBLUJETBLUE AWYS CORP | 1.4M | 805K | 733K | 2.3M | 1.5M | 837K | $4M |
| PTONPELOTON INTERACTIVE INC | 989K | 683K | 569K | 765K | 558K | 721K | $3M |
| CALYTOPGOLF CALLAWAY BRANDS CORP | 319K | 319K | 319K | 324K | 196K | 145K | $2M |
| ULCCFRONTIER GROUP HLDGS INC | — | — | 76K | 530K | 530K | 531K | $2M |
| FRMIFERMI INC | — | — | — | — | — | 281K | $2M |
| NEXTNAV INC | — | — | — | — | 250K | 252K | $2M |
| AALAMERICAN AIRLS GROUP INC | — | 200K | — | — | — | 140K | $2M |
| GPROGOPRO INC | 75K | 801K | 949K | 1.1M | 1.9M | 1.8M | $1M |
| TBCHTURTLE BEACH CORP | — | 38K | 89K | 113K | 113K | 113K | $1M |
| GRPNGROUPON INC | 782K | 681K | 290K | 354K | 498K | 84K | $1M |
| CWHCAMPING WORLD HLDGS INC | — | — | — | — | 80K | 124K | $846,374 |
| COTYCOTY INC | — | — | 400K | 677K | 1.1M | 407K | $819,283 |
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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