CIK 1426486
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 |
|---|---|---|
| Unclassified | 76.30% | 13 |
| Diversified Telecommunication Services | 13.11% | 1 |
| Commercial Services & Supplies | 2.73% | 2 |
| Automobiles & Components | 2.64% | 1 |
| Insurance | 1.53% | 2 |
| Media & Entertainment | 1.22% | 3 |
| Equity Real Estate Investment Trusts (REITs) | 1.09% | 2 |
| Metals & Mining | 0.69% | 1 |
| Pharmaceuticals & Biotechnology | 0.68% | 2 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | GLD | SPDR GOLD TR | Unclassified | 74.04% |
| 2 | UNIT | Uniti Group Inc. | Communication Services | 13.11% |
| 3 | TSLA | Tesla, Inc. | Consumer Discretionary | 2.64% |
| 4 | ADT | ADT Inc. | Industrials | 2.52% |
| 5 | ALVO | ALVOTECH | Unclassified | 1.67% |
| 6 | GNW | GENWORTH FINANCIAL INC | Financials | 1.05% |
| 7 | BXMT | BLACKSTONE MORTGAGE TRUST, INC. | Real Estate | 0.84% |
| 8 | ASTL | Algoma Steel Group Inc. | Materials | 0.69% |
| 9 | HYG | ISHARES TR | Unclassified | 0.54% |
| 10 | AMC | AMC ENTERTAINMENT HOLDINGS, INC. | Communication Services | 0.49% |
14/27 names classified · sector 23.7% of weight · industry 23.7% · mkt cap 23.5%; 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: 23.7% of the book is sector-classified (unclassified names shown, never dropped).
Only 8% of book weight classified — the grid is NOT representative of the whole book.
Classified: 8.1% of book weight (7/27 names) · unclassified 91.9%: GLD, UNIT, ALVO, ASTL, HYG, OSG, OPTU, AQST, RNA, PDD +10 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 | GLDSPDR GOLD TR | 953,450 | $410M | 74.0% | ADD 139% |
| 2 | UNITUNITI GROUP LLC | 7,743,465 | $73M | 13.1% | ADD 12% |
| 3 | TSLATESLA INC | 39,400 | $15M | 2.6% | NEW |
| 4 | ADTADT INC DEL | 2,126,000 | $14M | 2.5% | HOLD |
| 5 | ALVOALVOTECH | 2,705,304 | $9M | 1.7% | HOLD |
| 6 | GNWGENWORTH FINL INC | 714,388 | $6M | 1.0% | NEW |
| 7 | BXMTBLACKSTONE MTG TR INC | 241,700 | $5M | 0.8% | HOLD |
| 8 | ASTLALGOMA STL GROUP INC | 924,931 | $4M | 0.7% | HOLD |
| 9 | HYGISHARES TR | 37,500 | $3M | 0.5% | NEW |
| 10 | AMCAMC ENTMT HLDGS INC | 2,751,699 | $3M | 0.5% | NEW |
| 11 | OSGOCTAVE SPECIALTY GROUP INC | 579,234 | $3M | 0.5% | HOLD |
| 12 | OPTUOPTIMUM COMMUNICATIONS INC | 1,765,918 | $2M | 0.4% | TRIM −44% |
| 13 | AQSTAQUESTIVE THERAPEUTICS INC | 459,216 | $2M | 0.3% | HOLD |
| 14 | RNAATRIUM THERAPEUTICS INC | 139,239 | $2M | 0.3% | NEW |
| 15 | CCOCLEAR CHANNEL OUTDOOR HLDGS | 756,426 | $2M | 0.3% | HOLD |
| 16 | TRTXTPG RE FIN TR INC | 182,157 | $1M | 0.3% | HOLD |
| 17 | PDDPDD HOLDINGS INC | 11,600 | $1M | 0.2% | ADD 29% |
| 18 | TGE.WSGENERATION ESSENTIALS GROUP | 325,000 | $61,750 | 0.0% | HOLD |
| 19 | CRMLWCRITICAL METALS CORP | 12,500 | $43,500 | 0.0% | HOLD |
| 20 | BNAIWBRAND ENGAGEMENT NETWORK INC | 166,666 | $43,333 | 0.0% | HOLD |
| 21 | NUCLWEAGLE NUCLEAR ENERGY CORP | 25,000 | $34,750 | 0.0% | NEW |
| 22 | AIRJWAIRJOULE TECHNOLOGIES CORP | 50,000 | $28,000 | 0.0% | HOLD |
| 23 | COCHWENVOY MEDICAL INC | 262,156 | $17,407 | 0.0% | HOLD |
| 24 | BGLWWBLUE GOLD LTD | 75,000 | $15,000 | 0.0% | HOLD |
| 25 | GCTS.WSGCT SEMICONDUCTOR HLDG INC | 75,000 | $13,575 | 0.0% | HOLD |
| 26 | DAICWCID HOLDCO INC | 62,500 | $1,656 | 0.0% | HOLD |
| 27 | TVGNWTEVOGEN BIO HLDGS INC | 12,500 | $424 | 0.0% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| GLDSPDR GOLD TR | — | — | — | — | 399K | 953K | $410M |
| UNITUNITI GROUP LLC | — | — | — | 6.9M | 6.9M | 7.7M | $73M |
| TSLATESLA INC | 5K | — | 15K | — | — | 39K | $15M |
| ADTADT INC DEL | 2.1M | 2.1M | 2.1M | 2.1M | 2.1M | 2.1M | $14M |
| ALVOALVOTECH | 2.7M | 2.7M | 2.7M | 2.7M | 2.7M | 2.7M | $9M |
| GNWGENWORTH FINL INC | 1.7M | 2.0M | 2.0M | — | — | 714K | $6M |
| BXMTBLACKSTONE MTG TR INC | 242K | 217K | 217K | 217K | 242K | 242K | $5M |
| ASTLALGOMA STL GROUP INC | 925K | 925K | 925K | 925K | 925K | 925K | $4M |
| HYGISHARES TR | — | — | — | — | — | 38K | $3M |
| AMCAMC ENTMT HLDGS INC | — | — | — | — | — | 2.8M | $3M |
| OSGOCTAVE SPECIALTY GROUP INC | 579K | 579K | 579K | 579K | 579K | 579K | $3M |
| OPTUOPTIMUM COMMUNICATIONS INC | 8.9M | 9.4M | 9.4M | 5.7M | 3.1M | 1.8M | $2M |
| AQSTAQUESTIVE THERAPEUTICS INC | 459K | 459K | 459K | 459K | 459K | 459K | $2M |
| RNAATRIUM THERAPEUTICS INC | — | — | — | — | — | 139K | $2M |
| CCOCLEAR CHANNEL OUTDOOR HLDGS | 756K | 756K | 756K | 756K | 756K | 756K | $2M |
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.
