CIK 1351407
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 |
|---|---|---|
| Banks | 29.15% | 12 |
| Insurance | 27.48% | 10 |
| Specialty Retail | 6.03% | 2 |
| Metals & Mining | 5.39% | 2 |
| Paper & Forest Products | 5.18% | 2 |
| Hotels, Restaurants & Leisure | 4.81% | 1 |
| Capital Markets | 4.44% | 2 |
| Oil, Gas & Consumable Fuels | 4.37% | 2 |
| Commercial Services & Supplies | 3.86% | 2 |
| Unclassified | 3.48% | 2 |
| Transportation Infrastructure | 2.78% | 1 |
| Marine | 1.90% | 1 |
| Chemicals | 0.92% | 1 |
| Utilities | 0.11% | 1 |
| Machinery | 0.11% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | AXS | AXIS CAPITAL HOLDINGS LTD | Financials | 4.81% |
| 2 | TH | Target Hospitality Corp. | Consumer Discretionary | 4.81% |
| 3 | HCI | HCI Group, Inc. | Financials | 4.76% |
| 4 | USAU | U.S. GOLD CORP. | Materials | 4.72% |
| 5 | BFH | BREAD FINANCIAL HOLDINGS, INC. | Financials | 4.13% |
| 6 | AIG | AMERICAN INTERNATIONAL GROUP, INC. | Financials | 3.98% |
| 7 | LNC | LINCOLN NATIONAL CORP | Financials | 3.24% |
| 8 | PNFP | Pinnacle Financial Partners, Inc. | Financials | 3.19% |
| 9 | EZPW | EZCORP INC | Consumer Discretionary | 3.02% |
| 10 | OPLN | OPENLANE, Inc. | Consumer Discretionary | 3.01% |
40/42 names classified · sector 96.5% of weight · industry 96.5% · mkt cap 96.5%; 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).
Classified: 74.5% of book weight (30/42 names) · unclassified 25.5%: TH, USAU, PNFP, AER, SOC, GLNG, JXN, SLDE, ASPI, ALM +2 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 | AXSAXIS CAP HLDGS LTD | 148,000 | $15M | 4.8% | NEW |
| 2 | THTARGET HOSPITALITY CORP | 1,616,642 | $15M | 4.8% | TRIM −51% |
| 3 | HCIHCI GROUP INC | 96,023 | $15M | 4.8% | TRIM −40% |
| 4 | USAUU S GOLD CORP | 969,792 | $15M | 4.7% | TRIM −20% |
| 5 | BFHBREAD FINANCIAL HOLDINGS INC | 172,156 | $13M | 4.1% | TRIM −10% |
| 6 | AIGAMERICAN INTL GROUP INC | 165,000 | $12M | 4.0% | TRIM −25% |
| 7 | LNCLINCOLN NATL CORP IND | 285,000 | $10M | 3.2% | NEW |
| 8 | PNFPPINNACLE FINL PARTNERS INC | 115,664 | $10M | 3.2% | NEW |
| 9 | EZPWEZCORP INC | 371,657 | $9M | 3.0% | TRIM −48% |
| 10 | OPLNOPENLANE INC | 321,800 | $9M | 3.0% | NEW |
| 11 | AONAON PLC | 28,000 | $9M | 2.9% | NEW |
| 12 | AERAERCAP HOLDINGS NV | 64,253 | $9M | 2.8% | NEW |
| 13 | BOHBANK HAWAII CORP | 117,700 | $9M | 2.8% | NEW |
| 14 | EWBCEAST WEST BANCORP INC | 81,600 | $9M | 2.8% | NEW |
| 15 | GATXGATX CORP | 50,811 | $9M | 2.8% | TRIM −26% |
| 16 | CUBICUSTOMERS BANCORP INC | 124,100 | $9M | 2.8% | TRIM −23% |
| 17 | LEGHLEGACY HOUSING CORP | 415,163 | $8M | 2.7% | ADD 209% |
| 18 | SFSTIFEL FINL CORP | 113,348 | $8M | 2.7% | NEW |
| 19 | MCHBMECHANICS BANCORP | 545,321 | $8M | 2.6% | TRIM −59% |
| 20 | CVCOCAVCO INDS INC DEL | 15,850 | $8M | 2.5% | NEW |
| 21 | MAMASTERCARD INCORPORATED | 15,200 | $8M | 2.4% | NEW |
| 22 | AXAXOS FINANCIAL INC | 88,200 | $8M | 2.4% | NEW |
| 23 | SOCSABLE OFFSHORE CORP | 453,722 | $7M | 2.4% | ADD 38% |
| 24 | AJGGALLAGHER ARTHUR J & CO | 33,000 | $7M | 2.3% | NEW |
| 25 | CACCCREDIT ACCEP CORP MICH | 16,538 | $7M | 2.2% | NEW |
| 26 | HGHAMILTON INSURANCE GROUP LTD | 223,291 | $7M | 2.1% | TRIM −55% |
| 27 | TFINTRIUMPH FINANCIAL INC | 110,527 | $7M | 2.1% | NEW |
| 28 | BPOPPOPULAR INC | 48,500 | $7M | 2.1% | NEW |
| 29 | BKVBKV CORP | 214,880 | $6M | 2.0% | NEW |
| 30 | PFSIPENNYMAC FINL SVCS INC NEW | 69,366 | $6M | 1.9% | ADD 58% |
| 31 | GLNGGOLAR LNG LTD BERMUDA | 109,400 | $6M | 1.9% | NEW |
| 32 | HOODROBINHOOD MKTS INC | 78,883 | $5M | 1.8% | HOLD |
| 33 | JXNJACKSON FINANCIAL INC | 50,000 | $5M | 1.7% | NEW |
| 34 | SLDESLIDE INS HLDGS INC | 280,000 | $5M | 1.6% | NEW |
| 35 | MAXMEDIAALPHA INC | 480,000 | $4M | 1.4% | NEW |
| 36 | ASPIASP ISOTOPES INC | 648,341 | $3M | 0.9% | NEW |
| 37 | ALMALMONTY INDS INC | 145,000 | $2M | 0.7% | NEW |
| 38 | KAZRSKYLINE BLDRS GROUP HLDG LTD | 660,102 | $2M | 0.7% | ADD 8% |
| 39 | NFENEW FORTRESS ENERGY INC | 600,000 | $354,000 | 0.1% | ADD 186% |
| 40 | AZA2Z CUST2MATE SOLUTIONS CORP | 53,047 | $353,823 | 0.1% | TRIM −92% |
| 41 | LDILOANDEPOT INC | 243,001 | $345,061 | 0.1% | NEW |
| 42 | NODKNI HLDGS INC | 14,758 | $190,231 | 0.1% | TRIM −91% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| AXSAXIS CAP HLDGS LTD | — | — | — | 125K | — | 148K | $15M |
| THTARGET HOSPITALITY CORP | — | 1.7M | 2.0M | 2.5M | 3.3M | 1.6M | $15M |
| HCIHCI GROUP INC | 53K | — | 43K | — | 160K | 96K | $15M |
| USAUU S GOLD CORP | — | 238K | 688K | 858K | 1.2M | 970K | $15M |
| BFHBREAD FINANCIAL HOLDINGS INC | — | — | — | — | 192K | 172K | $13M |
| AIGAMERICAN INTL GROUP INC | — | — | — | — | 219K | 165K | $12M |
| LNCLINCOLN NATL CORP IND | — | — | — | — | — | 285K | $10M |
| PNFPPINNACLE FINL PARTNERS INC | — | — | — | — | — | 116K | $10M |
| EZPWEZCORP INC | 911K | — | — | — | 720K | 372K | $9M |
| OPLNOPENLANE INC | — | — | — | — | — | 322K | $9M |
| AONAON PLC | — | 27K | — | — | — | 28K | $9M |
| AERAERCAP HOLDINGS NV | — | — | — | — | — | 64K | $9M |
| BOHBANK HAWAII CORP | — | — | — | — | — | 118K | $9M |
| EWBCEAST WEST BANCORP INC | — | 82K | — | — | — | 82K | $9M |
| GATXGATX CORP | — | — | 96K | 63K | 69K | 51K | $9M |
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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