CIK 1415293
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2020-Q3. 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 | 39.12% | 3 |
| Metals & Mining | 37.03% | 4 |
| Software | 16.97% | 2 |
| Commercial Services & Supplies | 6.21% | 3 |
| Banks | 0.67% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | PAAS | PAN AMERICAN SILVER CORP | Materials | 20.50% |
| 2 | GDXJ | VANECK ETF TRUST | Unclassified | 15.86% |
| 3 | GDX | VANECK ETF TRUST GOLD MINERS ETF | Unclassified | 15.04% |
| 4 | AEM | AGNICO EAGLE MINES LTD | Materials | 14.07% |
| 5 | KC | Kingsoft Cloud Holdings Ltd | Information Technology | 11.03% |
| 6 | MMYT | MAKEMYTRIP LIMITED MAURITIUS | Unclassified | 8.22% |
| 7 | API | Agora, Inc. | Information Technology | 5.95% |
| 8 | TCOM | Trip.Com Group Ltd | Industrials | 5.14% |
| 9 | CMCL | Caledonia Mining Corp Plc | Materials | 1.60% |
| 10 | CDE | Coeur Mining, Inc. | Materials | 0.86% |
10/13 names classified · sector 60.9% of weight · industry 60.9% · mkt cap 0.9%; 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: 60.9% of the book is sector-classified (unclassified names shown, never dropped).
Only 1% of book weight classified — the grid is NOT representative of the whole book.
Classified: 0.9% of book weight (1/13 names) · unclassified 99.1%: PAAS, GDXJ, GDX, AEM, KC, MMYT, API, TCOM, CMCL, SE +2 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 | PAASPAN AMERN SILVER CORP | 640,000 | $22M | 20.5% | TRIM −37% |
| 2 | GDXJVANECK ETF TRUST | 315,000 | $17M | 15.9% | HOLD |
| 3 | GDXVANECK ETF TRUST GOLD MINERS ETF | 450,000 | $16M | 15.0% | TRIM −33% |
| 4 | AEMAGNICO EAGLE MINES LTD | 215,000 | $15M | 14.1% | HOLD |
| 5 | KCKINGSOFT CLOUD HLDGS LTD | 272,800 | $12M | 11.0% | ADD 3072% |
| 6 | MMYTMAKEMYTRIP LIMITED MAURITIUS | 300,100 | $9M | 8.2% | ADD 812% |
| 7 | APIAGORA INC | 162,000 | $6M | 5.9% | NEW |
| 8 | TCOMTRIP COM GROUP LTD | 164,100 | $6M | 5.1% | ADD 1064% |
| 9 | CMCLCALEDONIA MNG CORP PLC | 104,495 | $2M | 1.6% | HOLD |
| 10 | CDECOEUR MNG INC | 90,000 | $931,000 | 0.9% | TRIM −25% |
| 11 | SESEA LTD | 3,800 | $756,000 | 0.7% | TRIM −92% |
| 12 | HDBHDFC BANK LTD | 10,000 | $723,000 | 0.7% | TRIM −89% |
| 13 | BABAALIBABA GROUP HLDG LTD | 1,700 | $396,000 | 0.4% | TRIM −90% |
Where this firm's principals came from and which firms its alumni went on to found.
