CIK 1381954
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 | 26.85% | 7 |
| Commercial Services & Supplies | 14.24% | 5 |
| Communications Equipment | 9.54% | 2 |
| Chemicals | 6.79% | 2 |
| Distributors | 6.20% | 2 |
| Oil, Gas & Consumable Fuels | 5.97% | 2 |
| Pharmaceuticals & Biotechnology | 5.92% | 2 |
| Hotels, Restaurants & Leisure | 4.91% | 1 |
| Insurance | 4.80% | 1 |
| Technology Hardware & Equipment | 4.51% | 2 |
| Semiconductors & Semiconductor Equipment | 4.17% | 2 |
| Specialty Retail | 2.72% | 2 |
| Media & Entertainment | 1.24% | 1 |
| Professional Services | 1.06% | 1 |
| Machinery | 0.51% | 1 |
| Utilities | 0.34% | 1 |
| Construction & Engineering | 0.21% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | CUBI | Customers Bancorp, Inc. | Financials | 6.09% |
| 2 | AVNW | AVIAT NETWORKS, INC. | Information Technology | 5.18% |
| 3 | ENVA | Enova International, Inc. | Financials | 5.14% |
| 4 | LOCO | El Pollo Loco Holdings, Inc. | Consumer Discretionary | 4.91% |
| 5 | ACIC | AMERICAN COASTAL INSURANCE Corp | Financials | 4.80% |
| 6 | ADTN | ADTRAN Holdings, Inc. | Information Technology | 4.36% |
| 7 | NPKI | NPK International Inc. | Industrials | 4.06% |
| 8 | EGY | VAALCO ENERGY INC /DE/ | Energy | 4.00% |
| 9 | NBBK | NB Bancorp, Inc. | Financials | 3.91% |
| 10 | TCBI | TEXAS CAPITAL BANCSHARES INC/TX | Financials | 3.74% |
35/35 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 100.0%; 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: 100.0% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 84.5% of book weight (27/35 names) · unclassified 15.5%: EGY, GEOS, DHX, FLNT, FORR, DLTH, OESX, KTCC. 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 | CUBICUSTOMERS BANCORP INC | 261,743 | $18M | 6.1% | TRIM −10% |
| 2 | AVNWAVIAT NETWORKS INC | 684,326 | $15M | 5.2% | ADD 3% |
| 3 | ENVAENOVA INTL INC | 113,020 | $15M | 5.1% | ADD 5% |
| 4 | LOCOEL POLLO LOCO HLDGS INC | 1,057,482 | $15M | 4.9% | ADD 24% |
| 5 | ACICAMERICAN COASTAL INS CORP | 1,273,455 | $14M | 4.8% | ADD 4% |
| 6 | ADTNADTRAN HOLDINGS INC | 1,035,167 | $13M | 4.4% | ADD 5% |
| 7 | NPKINPK INTERNATIONAL INC | 835,920 | $12M | 4.1% | ADD 4% |
| 8 | EGYVAALCO ENERGY INC | 1,882,740 | $12M | 4.0% | ADD 5% |
| 9 | NBBKNB BANCORP INC | 553,570 | $12M | 3.9% | ADD 5% |
| 10 | TCBITEXAS CAP BANCSHARES INC | 117,550 | $11M | 3.7% | ADD 5% |
| 11 | GEOSGEOSPACE TECHNOLOGIES CORP | 912,118 | $11M | 3.7% | ADD 3% |
| 12 | CLMBCLIMB GLOBAL SOLUTIONS INC | 538,131 | $11M | 3.6% | ADD 381% |
| 13 | VPGVISHAY PRECISION GROUP INC | 239,222 | $10M | 3.5% | TRIM −23% |
| 14 | RMREGIONAL MGMT CORP | 320,224 | $10M | 3.5% | ADD 5% |
| 15 | CMTCORE MOLDING TECHNOLOGIES IN | 459,890 | $10M | 3.5% | ADD 4% |
| 16 | MYEMYERS INDS INC | 471,260 | $10M | 3.3% | ADD 4% |
| 17 | DHXDHI GROUP INC | 3,374,765 | $9M | 3.2% | ADD 11% |
| 18 | RGPRESOURCES CONNECTION INC | 2,452,930 | $9M | 3.1% | ADD 9% |
| 19 | NAGENIAGEN BIOSCIENCE INC | 2,029,155 | $9M | 3.0% | ADD 23% |
| 20 | MFINMEDALLION FINL CORP | 1,032,304 | $9M | 3.0% | ADD 5% |
| 21 | HRMYHARMONY BIOSCIENCES HLDGS IN | 311,496 | $9M | 2.9% | ADD 5% |
| 22 | MGPIMGP INGREDIENTS INC NEW | 426,950 | $8M | 2.6% | ADD 73% |
| 23 | BBSIBARRETT BUSINESS SVCS INC | 263,765 | $8M | 2.6% | ADD 5% |
| 24 | SMSM ENERGY CO | 189,263 | $6M | 2.0% | NEW |
| 25 | ZUMZZUMIEZ INC | 260,463 | $6M | 1.9% | ADD 2% |
| 26 | MYFWFIRST WESTN FINL INC | 190,094 | $5M | 1.6% | ADD 4% |
| 27 | BGSFBGSF INC | 631,037 | $4M | 1.4% | ADD 2% |
| 28 | FLNTFLUENT INC | 1,173,092 | $4M | 1.2% | ADD 8% |
| 29 | FORRFORRESTER RESH INC | 559,041 | $3M | 1.1% | ADD 4% |
| 30 | DLTHDULUTH HLDGS INC | 747,098 | $2M | 0.8% | ADD 3% |
| 31 | OESXORION ENERGY SYS INC | 266,476 | $2M | 0.8% | ADD 4% |
| 32 | KTCCKEY TRONIC CORP | 758,695 | $2M | 0.7% | ADD 4% |
| 33 | EMLEASTERN CO | 75,954 | $2M | 0.5% | NEW |
| 34 | SLNGSTABILIS SOLUTIONS INC | 224,513 | $1M | 0.3% | ADD 10% |
| 35 | PRIMPRIMORIS SVCS CORP | 4,365 | $624,000 | 0.2% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| CUBICUSTOMERS BANCORP INC | 290K | 284K | 281K | 290K | 290K | 262K | $18M |
| AVNWAVIAT NETWORKS INC | 650K | 642K | 637K | 663K | 662K | 684K | $15M |
| ENVAENOVA INTL INC | 133K | 106K | 106K | 108K | 108K | 113K | $15M |
| LOCOEL POLLO LOCO HLDGS INC | — | 515K | 630K | 853K | 853K | 1.1M | $15M |
| ACICAMERICAN COASTAL INS CORP | 1.2M | 1.2M | 1.2M | 1.2M | 1.2M | 1.3M | $14M |
| ADTNADTRAN HOLDINGS INC | 1.2M | 961K | 952K | 989K | 988K | 1.0M | $13M |
| NPKINPK INTERNATIONAL INC | 1.0M | 990K | 979K | 1.0M | 801K | 836K | $12M |
| EGYVAALCO ENERGY INC | 1.8M | 1.8M | 1.8M | 1.8M | 1.8M | 1.9M | $12M |
| NBBKNB BANCORP INC | — | — | — | — | 525K | 554K | $12M |
| TCBITEXAS CAP BANCSHARES INC | 113K | 110K | 109K | 113K | 112K | 118K | $11M |
| GEOSGEOSPACE TECHNOLOGIES CORP | 883K | 863K | 859K | 888K | 884K | 912K | $11M |
| CLMBCLIMB GLOBAL SOLUTIONS INC | 61K | 59K | 59K | 61K | 112K | 538K | $11M |
| VPGVISHAY PRECISION GROUP INC | 243K | 303K | 301K | 310K | 311K | 239K | $10M |
| RMREGIONAL MGMT CORP | 255K | 249K | 295K | 306K | 305K | 320K | $10M |
| CMTCORE MOLDING TECHNOLOGIES IN | 350K | 424K | 424K | 441K | 441K | 460K | $10M |
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.
Where this firm's principals came from and which firms its alumni went on to found.
