CIK 1383838
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 |
|---|---|---|
| Diversified Telecommunication Services | 43.44% | 1 |
| Pharmaceuticals & Biotechnology | 23.18% | 1 |
| Unclassified | 15.81% | 2 |
| Chemicals | 5.61% | 1 |
| Semiconductors & Semiconductor Equipment | 4.16% | 2 |
| Diversified Consumer Services | 3.30% | 1 |
| Utilities | 2.56% | 1 |
| Agricultural Products | 1.26% | 1 |
| Media & Publishing | 0.68% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | VEON | VEON Ltd. | Communication Services | 43.44% |
| 2 | NVAX | NOVAVAX INC | Health Care | 23.18% |
| 3 | CYD | CHINA YUCHAI INTL LTD | Unclassified | 11.95% |
| 4 | TROX | Tronox Holdings plc | Materials | 5.61% |
| 5 | VGSH | VANGUARD SHORT-TERM TREASURY ETF | Unclassified | 3.85% |
| 6 | EDU | New Oriental Education & Technology Group Inc. | Consumer Discretionary | 3.30% |
| 7 | AM | Antero Midstream Corp | Utilities | 2.56% |
| 8 | CSIQ | Canadian Solar Inc. | Information Technology | 2.56% |
| 9 | WOLF | WOLFSPEED, INC. | Information Technology | 1.59% |
| 10 | DOLE | Dole plc | Consumer Staples | 1.26% |
9/11 names classified · sector 84.2% of weight · industry 84.2% · mkt cap 34.9%; 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: 84.2% of the book is sector-classified (unclassified names shown, never dropped).
Only 32% of book weight classified — the grid is NOT representative of the whole book.
Classified: 32.0% of book weight (4/11 names) · unclassified 68.0%: VEON, CYD, VGSH, EDU, CSIQ, WOLF, DOLE. 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 | VEONVEON LTD | 4,890,497 | $226M | 43.4% | HOLD |
| 2 | NVAXNOVAVAX INC | 14,845,097 | $121M | 23.2% | HOLD |
| 3 | CYDCHINA YUCHAI INTL LTD | 1,618,441 | $62M | 12.0% | HOLD |
| 4 | TROXTRONOX HOLDINGS PLC | 2,994,154 | $29M | 5.6% | HOLD |
| 5 | VGSHVANGUARD SHORT-TERM TREASURY ETF | 342,990 | $20M | 3.9% | TRIM −4% |
| 6 | EDUNEW ORIENTAL ED & TECHNOLOGY | 303,953 | $17M | 3.3% | HOLD |
| 7 | AMANTERO MIDSTREAM CORP | 586,000 | $13M | 2.6% | HOLD |
| 8 | CSIQCANADIAN SOLAR INC | 964,557 | $13M | 2.6% | HOLD |
| 9 | WOLFWOLFSPEED INC | 508,948 | $8M | 1.6% | ADD 1420% |
| 10 | DOLEDOLE PLC | 458,522 | $7M | 1.3% | HOLD |
| 11 | TDAYUSA TODAY CO INC | 500,000 | $4M | 0.7% | TRIM −72% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| VEONVEON LTD | 4.9M | 4.9M | 4.9M | 4.8M | 4.9M | 4.9M | $226M |
| NVAXNOVAVAX INC | 11.1M | 11.1M | 11.5M | 11.8M | 14.6M | 14.8M | $121M |
| CYDCHINA YUCHAI INTL LTD | 4.3M | 3.3M | 3.3M | 1.7M | 1.6M | 1.6M | $62M |
| TROXTRONOX HOLDINGS PLC | — | — | — | 400K | 3.0M | 3.0M | $29M |
| VGSHVANGUARD SHORT-TERM TREASURY ETF | 238K | 374K | 374K | 357K | 356K | 343K | $20M |
| EDUNEW ORIENTAL ED & TECHNOLOGY | 309K | 306K | 305K | 305K | 305K | 304K | $17M |
| AMANTERO MIDSTREAM CORP | 789K | 766K | 586K | 586K | 586K | 586K | $13M |
| CSIQCANADIAN SOLAR INC | 1.7M | 1.9M | 1.9M | 1.7M | 970K | 965K | $13M |
| WOLFWOLFSPEED INC | — | — | — | — | 33K | 509K | $8M |
| DOLEDOLE PLC | 276K | 271K | 271K | 275K | 462K | 459K | $7M |
| TDAYUSA TODAY CO INC | 1.8M | 1.8M | 1.8M | 1.8M | 1.8M | 500K | $4M |
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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