CIK 1410352
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2014-Q1. 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 | 48.66% | 8 |
| Insurance | 21.57% | 2 |
| Banks | 5.97% | 2 |
| Professional Services | 5.81% | 1 |
| Technology Hardware & Equipment | 4.98% | 1 |
| Media & Publishing | 4.56% | 1 |
| Commercial Services & Supplies | 4.26% | 1 |
| Diversified Consumer Services | 4.19% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | MKL | MARKEL GROUP INC. | Financials | 15.30% |
| 2 | INTRALINKS HLDGS INC | Unclassified | 11.33% | |
| 3 | AMBASSADORS GROUP INC | Unclassified | 10.48% | |
| 4 | ATLAS FINANCIAL HOLDINGS INC | Unclassified | 10.39% | |
| 5 | AIG | AMERICAN INTERNATIONAL GROUP, INC. | Financials | 6.27% |
| 6 | FC | FRANKLIN COVEY CO | Industrials | 5.81% |
| 7 | NAUH | National American Univ Holding | Unclassified | 5.02% |
| 8 | AAPL | Apple Inc. | Information Technology | 4.98% |
| 9 | NWSA | NEWS CORP | Communication Services | 4.56% |
| 10 | MA | Mastercard Inc | Financials | 4.26% |
9/17 names classified · sector 51.3% of weight · industry 51.3% · mkt cap 51.3%; 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: 51.3% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 51.3% of book weight (9/12 names) · unclassified 48.7%: , NAUH, LTRE. 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 | MKLMARKEL GROUP INC | 12,200 | $8M | 15.3% | HOLD |
| 2 | INTRALINKS HLDGS INC | 665,995 | $6M | 11.3% | HOLD |
| 3 | AMBASSADORS GROUP INC | 1,189,000 | $5M | 10.5% | HOLD |
| 4 | ATLAS FINANCIAL HOLDINGS INC | 358,381 | $5M | 10.4% | HOLD |
| 5 | AIGAMERICAN INTL GROUP INC | 60,050 | $3M | 6.3% | TRIM −33% |
| 6 | FCFRANKLIN COVEY CO | 150,866 | $3M | 5.8% | NEW |
| 7 | NAUHNational American Univ Holding | 853,073 | $3M | 5.0% | HOLD |
| 8 | AAPLAPPLE INC | 28,000 | $3M | 5.0% | ADD 367% |
| 9 | NWSANEWS CORP NEW | 133,000 | $2M | 4.6% | TRIM −11% |
| 10 | MAMASTERCARD INCORPORATED | 30,290 | $2M | 4.3% | HOLD |
| 11 | APEIAMERICAN PUB ED INC | 63,799 | $2M | 4.2% | HOLD |
| 12 | Carpetright PLC | 245,800 | $2M | 4.0% | TRIM −8% |
| 13 | CFFNCAPITOL FED FINL INC | 149,055 | $2M | 3.5% | HOLD |
| 14 | QUIKSILVER INC | 388,949 | $1M | 2.7% | TRIM −46% |
| 15 | BBTBERKSHIRE HILLS BANCORP INC | 56,243 | $1M | 2.5% | HOLD |
| 16 | BODY CENT CORP | 1,407,700 | $1M | 2.4% | ADD 13% |
| 17 | LTRELearning Tree Intl | 483,778 | $1M | 2.4% | HOLD |
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