CIK 1423876
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 |
|---|---|---|
| Utilities | 16.36% | 3 |
| Commercial Services & Supplies | 12.53% | 1 |
| Communications Equipment | 8.72% | 1 |
| Health Care Equipment & Supplies | 8.53% | 1 |
| Technology Hardware & Equipment | 7.70% | 1 |
| Diversified Telecommunication Services | 7.45% | 1 |
| Metals & Mining | 6.77% | 3 |
| Marine | 6.75% | 1 |
| Media & Entertainment | 6.48% | 1 |
| Machinery | 5.71% | 1 |
| Road & Rail | 5.50% | 1 |
| Health Care Providers & Services | 3.52% | 1 |
| Oil, Gas & Consumable Fuels | 2.05% | 1 |
| Unclassified | 1.42% | 1 |
| Software & IT Services | 0.52% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | FTAI | FTAI Aviation Ltd. | Industrials | 12.53% |
| 2 | TLN | Talen Energy Corp | Utilities | 11.70% |
| 3 | TBCH | Turtle Beach Corp | Information Technology | 8.72% |
| 4 | ESTA | ESTABLISHMENT LABS HOLDINGS INC. | Health Care | 8.53% |
| 5 | NTGR | NETGEAR, INC. | Information Technology | 7.70% |
| 6 | ATEX | Anterix Inc. | Communication Services | 7.45% |
| 7 | GLNG | GOLAR LNG LTD | Industrials | 6.75% |
| 8 | GRPN | Groupon, Inc. | Communication Services | 6.48% |
| 9 | AZ | A2Z CUST2MATE SOLUTIONS CORP. | Industrials | 5.71% |
| 10 | FIP | FTAI Infrastructure Inc. | Industrials | 5.50% |
18/19 names classified · sector 98.6% of weight · industry 98.6% · mkt cap 93.9%; 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: 98.6% of the book is sector-classified (unclassified names shown, never dropped).
Only 39% of book weight classified — the grid is NOT representative of the whole book.
Classified: 39.4% of book weight (7/19 names) · unclassified 60.6%: TLN, ESTA, NTGR, GLNG, GRPN, AZ, CCJ, SNDA, CLMT, NXE +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 | FTAIFTAI AVIATION LTD | 90,028 | $22M | 12.5% | TRIM −24% |
| 2 | TLNTALEN ENERGY CORP | 64,537 | $21M | 11.7% | HOLD |
| 3 | TBCHTURTLE BEACH CORP | 1,513,959 | $15M | 8.7% | HOLD |
| 4 | ESTAESTABLISHMENT LABS HLDGS INC | 264,442 | $15M | 8.5% | ADD 33% |
| 5 | NTGRNETGEAR INC | 620,612 | $14M | 7.7% | ADD 19% |
| 6 | ATEXANTERIX INC | 343,496 | $13M | 7.5% | TRIM −14% |
| 7 | GLNGGOLAR LNG LTD BERMUDA | 219,504 | $12M | 6.7% | TRIM −43% |
| 8 | GRPNGROUPON INC | 958,660 | $11M | 6.5% | HOLD |
| 9 | AZA2Z CUST2MATE SOLUTIONS CORP | 1,505,598 | $10M | 5.7% | HOLD |
| 10 | FIPFTAI INFRASTRUCTURE INC | 1,958,719 | $10M | 5.5% | HOLD |
| 11 | CCJCAMECO CORP | 75,594 | $8M | 4.7% | HOLD |
| 12 | HNRGHALLADOR ENERGY COMPANY | 432,474 | $7M | 4.0% | ADD 21% |
| 13 | SNDASONIDA SENIOR LIVING INC | 191,928 | $6M | 3.5% | NEW |
| 14 | CLMTCALUMET INC | 100,746 | $4M | 2.1% | TRIM −10% |
| 15 | NXENEXGEN ENERGY LTD | 220,000 | $3M | 1.4% | TRIM −12% |
| 16 | URNMSPROTT FDS TR | 39,686 | $3M | 1.4% | HOLD |
| 17 | NFENEW FORTRESS ENERGY INC | 1,945,617 | $1M | 0.7% | HOLD |
| 18 | UECURANIUM ENERGY CORP | 85,000 | $1M | 0.7% | TRIM −15% |
| 19 | MTCHMATCH GROUP INC NEW | 29,704 | $912,210 | 0.5% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| FTAIFTAI AVIATION LTD | — | 88K | 128K | 137K | 119K | 90K | $22M |
| TLNTALEN ENERGY CORP | 76K | 65K | 65K | 65K | 65K | 65K | $21M |
| TBCHTURTLE BEACH CORP | 1.2M | 1.4M | 1.6M | 1.6M | 1.5M | 1.5M | $15M |
| ESTAESTABLISHMENT LABS HLDGS INC | — | — | 165K | 225K | 199K | 264K | $15M |
| NTGRNETGEAR INC | 322K | 389K | 429K | 472K | 522K | 621K | $14M |
| ATEXANTERIX INC | 389K | 387K | 397K | 397K | 397K | 343K | $13M |
| GLNGGOLAR LNG LTD BERMUDA | 329K | 355K | 400K | 385K | 385K | 220K | $12M |
| GRPNGROUPON INC | 2.0M | 1.6M | 889K | 919K | 959K | 959K | $11M |
| AZA2Z CUST2MATE SOLUTIONS CORP | 300K | 600K | 790K | 1.0M | 1.5M | 1.5M | $10M |
| FIPFTAI INFRASTRUCTURE INC | — | — | 777K | 1.6M | 2.0M | 2.0M | $10M |
| CCJCAMECO CORP | 181K | 161K | 76K | 76K | 76K | 76K | $8M |
| HNRGHALLADOR ENERGY COMPANY | — | 310K | 340K | 300K | 358K | 432K | $7M |
| SNDASONIDA SENIOR LIVING INC | — | — | — | — | — | 192K | $6M |
| CLMTCALUMET INC | 456K | 711K | 611K | 382K | 112K | 101K | $4M |
| NXENEXGEN ENERGY LTD | 500K | 500K | 400K | 297K | 250K | 220K | $3M |
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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