CIK 1380393
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 |
|---|---|---|
| Aerospace & Defense | 57.97% | 1 |
| Unclassified | 24.96% | 13 |
| Specialty Retail | 6.44% | 1 |
| Utilities | 2.02% | 1 |
| Media & Entertainment | 1.80% | 2 |
| Banks | 1.39% | 3 |
| Machinery | 1.25% | 1 |
| Health Care Equipment & Supplies | 1.23% | 1 |
| Chemicals | 0.91% | 2 |
| Equity Real Estate Investment Trusts (REITs) | 0.66% | 1 |
| Software | 0.55% | 2 |
| Road & Rail | 0.46% | 1 |
| Semiconductors & Semiconductor Equipment | 0.30% | 1 |
| Pharmaceuticals & Biotechnology | 0.08% | 1 |
| Software & IT Services | 0.00% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | NN | NEXTNAV INC. | Industrials | 57.97% |
| 2 | IBIT | ISHARES BITCOIN TRUST ETF | Unclassified | 12.99% |
| 3 | PLBY | Playboy, Inc. | Consumer Discretionary | 6.44% |
| 4 | FFWM | FIRST FNDTN INC | Unclassified | 6.08% |
| 5 | NFE | New Fortress Energy Inc. | Utilities | 2.02% |
| 6 | MASI | MASIMO CORP | Unclassified | 1.63% |
| 7 | GTLS | CHART INDUSTRIES INC | Industrials | 1.25% |
| 8 | PEN | Penumbra Inc | Health Care | 1.23% |
| 9 | LBRDK | Liberty Broadband Corp | Communication Services | 1.08% |
| 10 | AMICUS THERAPEUTICS INC | Unclassified | 0.91% |
19/32 names classified · sector 75.0% of weight · industry 75.0% · mkt cap 75.0%; 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: 75.0% of the book is sector-classified (unclassified names shown, never dropped).
Only 9% of book weight classified — the grid is NOT representative of the whole book.
Classified: 9.2% of book weight (11/26 names) · unclassified 90.8%: NN, IBIT, PLBY, FFWM, , MASI, LBRDK, FVAV, CTRA, SLAB +5 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 | NNNEXTNAV INC | 14,178,054 | $227M | 58.0% | HOLD |
| 2 | IBITISHARES BITCOIN TRUST ETF | 1,325,000 | $51M | 13.0% | HOLD |
| 3 | PLBYPLAYBOY INC | 16,589,531 | $25M | 6.4% | HOLD |
| 4 | FFWMFIRST FNDTN INC | 4,038,750 | $24M | 6.1% | HOLD |
| 5 | NFENEW FORTRESS ENERGY INC | 13,399,317 | $8M | 2.0% | HOLD |
| 6 | MASIMASIMO CORP | 35,900 | $6M | 1.6% | NEW |
| 7 | GTLSCHART INDS INC | 23,701 | $5M | 1.3% | ADD 107% |
| 8 | PENPENUMBRA INC | 14,680 | $5M | 1.2% | NEW |
| 9 | LBRDKLIBERTY BROADBAND CORP | 84,061 | $4M | 1.1% | ADD 106% |
| 10 | AMICUS THERAPEUTICS INC | 245,900 | $4M | 0.9% | ADD 124% |
| 11 | STELSTELLAR BANCORP INC | 89,200 | $3M | 0.8% | NEW |
| 12 | WBDWARNER BROS DISCOVERY INC | 103,275 | $3M | 0.7% | ADD 182% |
| 13 | KVUEKENVUE INC | 163,000 | $3M | 0.7% | NEW |
| 14 | NSANATIONAL STORAGE AFFILIATES | 68,763 | $3M | 0.7% | NEW |
| 15 | EAELECTRONIC ARTS INC | 10,500 | $2M | 0.5% | ADD 86% |
| 16 | ARCELLX INC | 18,183 | $2M | 0.5% | NEW |
| 17 | WBSWEBSTER FINL CORP CONN | 29,526 | $2M | 0.5% | NEW |
| 18 | FVAVFORTRESS VALUE ACQU CORP V | 200,000 | $2M | 0.5% | NEW |
| 19 | TRI POINTE HOMES INC | 39,900 | $2M | 0.5% | NEW |
| 20 | NSCNORFOLK SOUTHN CORP | 6,225 | $2M | 0.5% | HOLD |
| 21 | CSG SYS INTL INC | 22,290 | $2M | 0.5% | NEW |
| 22 | APELLIS PHARMACEUTICALS INC | 40,000 | $2M | 0.4% | NEW |
| 23 | TERNS PHARMACEUTICALS INC | 30,000 | $2M | 0.4% | NEW |
| 24 | CTRACOTERRA ENERGY INC | 40,000 | $1M | 0.4% | NEW |
| 25 | SLABSILICON LABORATORIES INC | 5,554 | $1M | 0.3% | NEW |
| 26 | CENTESSA PHARMACEUTICALS PLC | 20,000 | $794,400 | 0.2% | NEW |
| 27 | OLPXOLAPLEX HLDGS INC | 373,131 | $757,456 | 0.2% | NEW |
| 28 | RNAATRIUM THERAPEUTICS INC | 22,033 | $294,581 | 0.1% | NEW |
| 29 | MARAMARA HOLDINGS INC | 14,056 | $114,697 | 0.0% | HOLD |
| 30 | SPCBSUPERCOM LTD NEW | 534 | $4,181 | 0.0% | HOLD |
| 31 | TTANSERVICETITAN INC | 28 | $1,777 | 0.0% | HOLD |
| 32 | SMRTSMARTRENT INC | 932 | $1,398 | 0.0% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| NNNEXTNAV INC | 14.2M | 14.2M | 14.2M | 14.2M | 14.2M | 14.2M | $227M |
| IBITISHARES BITCOIN TRUST ETF | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | $51M |
| PLBYPLAYBOY INC | 2.6M | 5.8M | 5.8M | 16.6M | 16.6M | 16.6M | $25M |
| FFWMFIRST FNDTN INC | 4.0M | 4.0M | 4.0M | 4.0M | 4.0M | 4.0M | $24M |
| NFENEW FORTRESS ENERGY INC | 13.4M | 13.4M | 13.4M | 13.4M | 13.4M | 13.4M | $8M |
| MASIMASIMO CORP | — | — | — | — | — | 36K | $6M |
| GTLSCHART INDS INC | — | — | — | — | 11K | 24K | $5M |
| PENPENUMBRA INC | — | — | — | — | — | 15K | $5M |
| LBRDKLIBERTY BROADBAND CORP | — | — | — | — | 41K | 84K | $4M |
| AMICUS THERAPEUTICS INC | — | — | — | — | 110K | 246K | $4M |
| STELSTELLAR BANCORP INC | — | — | — | — | — | 89K | $3M |
| WBDWARNER BROS DISCOVERY INC | — | — | — | — | 37K | 103K | $3M |
| KVUEKENVUE INC | — | — | — | — | — | 163K | $3M |
| NSANATIONAL STORAGE AFFILIATES | — | — | — | — | — | 69K | $3M |
| EAELECTRONIC ARTS INC | — | — | — | — | 6K | 11K | $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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