CIK 1427008
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 |
|---|---|---|
| Oil, Gas & Consumable Fuels | 29.99% | 5 |
| Banks | 17.77% | 7 |
| Pharmaceuticals & Biotechnology | 11.81% | 2 |
| Equity Real Estate Investment Trusts (REITs) | 11.33% | 2 |
| Construction & Engineering | 10.55% | 3 |
| Specialty Retail | 7.55% | 3 |
| Commercial Services & Supplies | 3.51% | 1 |
| Unclassified | 2.72% | 4 |
| Insurance | 2.04% | 1 |
| Communications Equipment | 1.53% | 1 |
| Chemicals | 0.93% | 1 |
| Paper & Forest Products | 0.16% | 1 |
| Automobiles & Components | 0.10% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | CVE | CENOVUS ENERGY | Energy | 8.58% |
| 2 | APA | APA Corp | Energy | 7.63% |
| 3 | MRK | Merck & Co., Inc. | Health Care | 6.47% |
| 4 | SPG | SIMON PROPERTY GROUP INC. | Real Estate | 6.33% |
| 5 | AMGN | AMGEN INC | Health Care | 5.34% |
| 6 | MAC | MACERICH CO | Real Estate | 5.00% |
| 7 | COP | CONOCOPHILLIPS | Energy | 4.80% |
| 8 | FANG | Diamondback Energy, Inc. | Energy | 4.60% |
| 9 | DHI | HORTON D R INC /DE/ | Industrials | 4.47% |
| 10 | OXY | OCCIDENTAL PETROLEUM CORP /DE/ | Energy | 4.38% |
28/32 names classified · sector 97.3% of weight · industry 97.3% · mkt cap 88.5%; 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: 97.3% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 82.6% of book weight (24/32 names) · unclassified 17.4%: CVE, MAC, UHAL.B, CROX, FRO, WFG, OXY.WS, IWD. 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 | CVECENOVUS ENERGY INC | 14,868,003 | $394M | 8.6% | TRIM −11% |
| 2 | APAAPA CORPORATION | 8,269,815 | $351M | 7.6% | TRIM −13% |
| 3 | MRKMERCK & CO INC | 2,471,398 | $297M | 6.5% | TRIM −13% |
| 4 | SPGSIMON PPTY GROUP INC NEW | 1,559,860 | $291M | 6.3% | TRIM −13% |
| 5 | AMGNAMGEN INC | 697,919 | $246M | 5.3% | TRIM −13% |
| 6 | MACMACERICH CO | 12,155,332 | $230M | 5.0% | TRIM −13% |
| 7 | COPCONOCOPHILLIPS | 1,671,303 | $221M | 4.8% | TRIM −13% |
| 8 | FANGDIAMONDBACK ENERGY INC | 1,069,328 | $212M | 4.6% | TRIM −13% |
| 9 | DHID R HORTON INC | 1,497,723 | $206M | 4.5% | TRIM −13% |
| 10 | OXYOCCIDENTAL PETE CORP | 3,095,535 | $201M | 4.4% | TRIM −13% |
| 11 | AXPAMERICAN EXPRESS CO | 602,643 | $182M | 4.0% | TRIM −22% |
| 12 | TGTTARGET CORP | 1,492,670 | $181M | 3.9% | TRIM −13% |
| 13 | EBAYEBAY INC. | 1,771,494 | $161M | 3.5% | TRIM −13% |
| 14 | NVRNVR INC | 21,538 | $142M | 3.1% | TRIM −13% |
| 15 | LENLENNAR CORP | 1,586,225 | $138M | 3.0% | TRIM −13% |
| 16 | BACBANK AMERICA CORP | 2,759,684 | $135M | 2.9% | TRIM −13% |
| 17 | FITBFIFTH THIRD BANCORP | 2,831,423 | $132M | 2.9% | TRIM −13% |
| 18 | JPMJPMORGAN CHASE & CO | 416,094 | $122M | 2.7% | TRIM −26% |
| 19 | HDHOME DEPOT INC | 307,339 | $101M | 2.2% | TRIM −13% |
| 20 | WALWESTERN ALLIANCE BANCORP | 1,355,591 | $96M | 2.1% | TRIM −13% |
| 21 | UHAL.BU HAUL HOLDING COMPANY | 2,146,425 | $96M | 2.1% | TRIM −13% |
| 22 | UNHUNITEDHEALTH GROUP INC | 347,102 | $94M | 2.0% | ADD 12% |
| 23 | CACCCREDIT ACCEP CORP MICH | 210,470 | $89M | 1.9% | ADD 12% |
| 24 | QCOMQUALCOMM INC | 545,810 | $70M | 1.5% | TRIM −13% |
| 25 | ULTAULTA BEAUTY INC | 124,895 | $65M | 1.4% | TRIM −13% |
| 26 | MTBM & T BK CORP | 293,869 | $61M | 1.3% | TRIM −13% |
| 27 | CROXCROCS INC | 517,170 | $43M | 0.9% | TRIM −13% |
| 28 | FROFrontline, LTD. | 610,694 | $21M | 0.5% | ADD 4% |
| 29 | WFGWEST FRASER TIMBER CO LTD | 114,778 | $7M | 0.2% | ADD 110% |
| 30 | OXY.WSOCCIDENTAL PETE CORP | 151,211 | $6M | 0.1% | HOLD |
| 31 | GTXGARRETT MOTION INC | 254,910 | $5M | 0.1% | ADD 4% |
| 32 | IWDISHARES TR | 6,264 | $1M | 0.0% | ADD 43% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| CVECENOVUS ENERGY INC | 15.1M | 15.5M | 17.6M | 16.4M | 16.8M | 14.9M | $394M |
| APAAPA CORPORATION | 12.7M | 12.4M | 10.9M | 10.2M | 9.5M | 8.3M | $351M |
| MRKMERCK & CO INC | 3.3M | 3.3M | 3.3M | 3.0M | 2.8M | 2.5M | $297M |
| SPGSIMON PPTY GROUP INC NEW | 2.6M | 2.3M | 2.1M | 1.9M | 1.8M | 1.6M | $291M |
| AMGNAMGEN INC | 1.1M | 1.0M | 923K | 857K | 802K | 698K | $246M |
| MACMACERICH CO | 19.9M | 18.2M | 16.1M | 14.9M | 14.0M | 12.2M | $230M |
| COPCONOCOPHILLIPS | 2.1M | 2.1M | 1.9M | 1.8M | 1.9M | 1.7M | $221M |
| FANGDIAMONDBACK ENERGY INC | — | — | 1.1M | 1.3M | 1.2M | 1.1M | $212M |
| DHID R HORTON INC | 2.5M | 2.2M | 2.0M | 1.8M | 1.7M | 1.5M | $206M |
| OXYOCCIDENTAL PETE CORP | 6.5M | 5.9M | 4.1M | 3.8M | 3.5M | 3.1M | $201M |
| AXPAMERICAN EXPRESS CO | 1.3M | 1.2M | 885K | 822K | 768K | 603K | $182M |
| TGTTARGET CORP | 1.5M | 1.6M | 2.0M | 1.8M | 1.7M | 1.5M | $181M |
| EBAYEBAY INC. | 3.6M | 3.3M | 2.9M | 2.2M | 2.0M | 1.8M | $161M |
| NVRNVR INC | 35K | 32K | 28K | 26K | 25K | 22K | $142M |
| LENLENNAR CORP | 2.6M | 2.4M | 2.1M | 1.9M | 1.8M | 1.6M | $138M |
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.
