CIK 1378410
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 | 93.02% | 28 |
| Oil, Gas & Consumable Fuels | 2.41% | 11 |
| Utilities | 1.17% | 5 |
| Equity Real Estate Investment Trusts (REITs) | 0.82% | 4 |
| Metals & Mining | 0.70% | 3 |
| Coal & Consumable Fuels | 0.43% | 2 |
| Capital Markets | 0.27% | 1 |
| Leisure Products | 0.26% | 1 |
| Diversified Telecommunication Services | 0.25% | 1 |
| Machinery | 0.25% | 1 |
| Chemicals | 0.22% | 1 |
| Hotels, Restaurants & Leisure | 0.21% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | ARCM | ARROW INVTS TR | Unclassified | 43.58% |
| 2 | VLUE | ISHARES TR | Unclassified | 4.92% |
| 3 | EEM | ISHARES TR | Unclassified | 4.85% |
| 4 | XLI | SELECT SECTOR SPDR TR | Unclassified | 4.73% |
| 5 | EZU | ISHARES INC MSCI EURZONE ETF | Unclassified | 4.65% |
| 6 | IVW | ISHARES TR | Unclassified | 4.44% |
| 7 | IEV | ISHARES TR | Unclassified | 4.10% |
| 8 | MTUM | ISHARES TR | Unclassified | 3.76% |
| 9 | ORO | ARROW INVTS TR | Unclassified | 3.09% |
| 10 | DBC | INVESCO DB COMMDY INDX TRCK | Unclassified | 1.45% |
31/59 names classified · sector 7.0% of weight · industry 7.0% · mkt cap 6.1%; 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: 7.0% of the book is sector-classified (unclassified names shown, never dropped).
Only 2% of book weight classified — the grid is NOT representative of the whole book.
Classified: 2.3% of book weight (10/59 names) · unclassified 97.7%: ARCM, VLUE, EEM, XLI, EZU, IVW, IEV, MTUM, ORO, DBC +39 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 | ARCMARROW INVTS TR | 409,003 | $41M | 43.6% | HOLD |
| 2 | VLUEISHARES TR | 32,496 | $5M | 4.9% | NEW |
| 3 | EEMISHARES TR | 80,281 | $5M | 4.9% | NEW |
| 4 | XLISELECT SECTOR SPDR TR | 27,450 | $4M | 4.7% | TRIM −5% |
| 5 | EZUISHARES INC MSCI EURZONE ETF | 69,645 | $4M | 4.6% | ADD 4% |
| 6 | IVWISHARES TR | 36,872 | $4M | 4.4% | ADD 7% |
| 7 | IEVISHARES TR | 56,673 | $4M | 4.1% | TRIM −5% |
| 8 | MTUMISHARES TR | 14,705 | $4M | 3.8% | TRIM −5% |
| 9 | OROARROW INVTS TR | 155,000 | $3M | 3.1% | HOLD |
| 10 | DBCINVESCO DB COMMDY INDX TRCK | 47,087 | $1M | 1.5% | NEW |
| 11 | TIPISHARES TR | 11,631 | $1M | 1.4% | HOLD |
| 12 | TLTISHARES TR | 14,474 | $1M | 1.3% | HOLD |
| 13 | LQDISHARES TR | 10,860 | $1M | 1.3% | HOLD |
| 14 | CWBSPDR SER TR | 12,123 | $1M | 1.2% | HOLD |
| 15 | HYGISHARES TR | 13,130 | $1M | 1.1% | HOLD |
| 16 | SHYISHARES TR | 11,811 | $975,234 | 1.0% | NEW |
| 17 | VTVVANGUARD INDEX FDS | 3,495 | $685,719 | 0.7% | NEW |
| 18 | VBKVANGUARD INDEX FDS | 2,257 | $682,178 | 0.7% | HOLD |
| 19 | COLOGLOBAL X FDS | 14,009 | $554,196 | 0.6% | ADD 8% |
| 20 | EISISHARES INC | 4,496 | $521,716 | 0.6% | ADD 7% |
| 21 | EWYISHARES INC MSCI STH KOR ETF | 3,745 | $460,672 | 0.5% | TRIM −3% |
| 22 | EWSISHARES INC | 15,244 | $430,186 | 0.5% | ADD 9% |
| 23 | EPOLISHARES TR | 11,741 | $427,490 | 0.5% | ADD 2% |
| 24 | EPUISHARES TR | 5,268 | $425,180 | 0.5% | TRIM −6% |
| 25 | EWPISHARES INC | 7,805 | $423,890 | 0.5% | ADD 2% |
| 26 | EZAISHARES INC | 5,974 | $405,037 | 0.4% | ADD 2% |
| 27 | EWIISHARES INC | 7,373 | $393,866 | 0.4% | HOLD |
| 28 | GREKGLOBAL X FDS | 5,797 | $370,254 | 0.4% | HOLD |
| 29 | LBLANDBRIDGE COMPANY LLC | 3,613 | $249,478 | 0.3% | NEW |
| 30 | KNTKKINETIK HOLDINGS INC | 5,113 | $247,520 | 0.3% | NEW |
| 31 | HASHASBRO INC | 2,588 | $242,237 | 0.3% | TRIM −10% |
| 32 | BCEBCE INC | 9,316 | $235,136 | 0.3% | HOLD |
| 33 | DEDEERE & CO | 414 | $233,206 | 0.2% | NEW |
| 34 | AMANTERO MIDSTREAM CORP | 10,168 | $231,830 | 0.2% | NEW |
| 35 | NEMNEWMONT CORP | 2,068 | $223,861 | 0.2% | TRIM −21% |
| 36 | MNRMACH NATURAL RESOURCES LP | 15,890 | $222,460 | 0.2% | ADD 35% |
| 37 | FCXFREEPORT MCMORAN INC | 3,751 | $220,484 | 0.2% | NEW |
| 38 | KRPKIMBELL RTY PARTNERS LP | 15,120 | $218,786 | 0.2% | ADD 20% |
| 39 | PAGPPLAINS GP HLDGS L P | 9,001 | $218,544 | 0.2% | NEW |
| 40 | TXOTXO PARTNERS LP | 17,202 | $216,401 | 0.2% | ADD 49% |
| 41 | PAAPLAINS ALL AMERN PIPELINE L | 9,607 | $214,524 | 0.2% | NEW |
| 42 | GNLGLOBAL NET LEASE INC | 22,651 | $212,013 | 0.2% | TRIM −19% |
| 43 | TXTERNIUM SA | 5,256 | $211,028 | 0.2% | TRIM −26% |
| 44 | CQPCHENIERE ENERGY PARTNERS LP | 3,262 | $210,823 | 0.2% | NEW |
| 45 | EPDENTERPRISE PRODS PARTNERS L | 5,534 | $209,407 | 0.2% | NEW |
| 46 | SUNSUNOCO LP/SUNOCO FIN CORP | 3,205 | $208,229 | 0.2% | NEW |
| 47 | DMLPDORCHESTER MINERALS LP | 7,655 | $207,451 | 0.2% | NEW |
| 48 | HESMHESS MIDSTREAM LP | 5,245 | $203,873 | 0.2% | NEW |
| 49 | UANCVR PARTNERS LP | 1,607 | $203,559 | 0.2% | NEW |
| 50 | ARLPALLIANCE RESOURCE PARTNERS L | 7,315 | $202,260 | 0.2% | NEW |
| 51 | GELGENESIS ENERGY L P | 11,304 | $201,550 | 0.2% | ADD 11% |
| 52 | NRPNATURAL RESOURCE PARTNERS L | 1,653 | $200,013 | 0.2% | NEW |
| 53 | ETENERGY TRANSFER L P | 10,361 | $199,967 | 0.2% | NEW |
| 54 | HRHEALTHCARE RLTY TR | 11,693 | $198,664 | 0.2% | TRIM −3% |
| 55 | PKPARK HOTELS & RESORTS INC | 18,582 | $195,668 | 0.2% | TRIM −5% |
| 56 | BSMBLACK STONE MINERALS L P | 12,793 | $193,430 | 0.2% | TRIM −9% |
| 57 | CHCTCOMMUNITY HEALTHCARE TR INC | 11,703 | $185,961 | 0.2% | TRIM −13% |
| 58 | BDNBRANDYWINE RLTY TR | 65,159 | $176,581 | 0.2% | ADD 27% |
| 59 | IEPICAHN ENTERPRISES LP | 21,195 | $160,022 | 0.2% | ADD 13% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| ARCMARROW INVTS TR | 409K | 409K | 409K | 409K | 409K | 409K | $41M |
| VLUEISHARES TR | — | — | — | — | — | 32K | $5M |
| EEMISHARES TR | — | — | — | — | — | 80K | $5M |
| XLISELECT SECTOR SPDR TR | 36K | 34K | 32K | 30K | 29K | 27K | $4M |
| EZUISHARES INC MSCI EURZONE ETF | — | — | 68K | 69K | 67K | 70K | $4M |
| IVWISHARES TR | 54K | 50K | — | 35K | 34K | 37K | $4M |
| IEVISHARES TR | — | — | 67K | 61K | 60K | 57K | $4M |
| MTUMISHARES TR | 20K | 18K | 17K | 16K | 16K | 15K | $4M |
| OROARROW INVTS TR | — | — | — | — | 155K | 155K | $3M |
| DBCINVESCO DB COMMDY INDX TRCK | — | — | — | — | — | 47K | $1M |
| TIPISHARES TR | — | 12K | 12K | 12K | 12K | 12K | $1M |
| TLTISHARES TR | 32K | 14K | — | 15K | 14K | 14K | $1M |
| LQDISHARES TR | 12K | 12K | 12K | 12K | 11K | 11K | $1M |
| CWBSPDR SER TR | 12K | — | — | 13K | 12K | 12K | $1M |
| HYGISHARES TR | 17K | 17K | — | 13K | 13K | 13K | $1M |
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.
