CIK 1430308
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2019-Q2. 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 | 56.60% | 5 |
| Real Estate Management & Development | 24.62% | 1 |
| Oil, Gas & Consumable Fuels | 11.90% | 1 |
| Distributors | 6.88% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | VAC | MARRIOTT VACATIONS WORLDWIDE Corp | Real Estate | 24.62% |
| 2 | MDC PARTNERS INC. | Unclassified | 23.97% | |
| 3 | MEDLEY CAPITAL CORP | Unclassified | 15.97% | |
| 4 | OBE | OBSIDIAN ENERGY LTD. | Energy | 11.90% |
| 5 | COLONY CAP INC NEW | Unclassified | 10.11% | |
| 6 | ASH | ASHLAND INC. | Consumer Discretionary | 6.88% |
| 7 | GRANITE REAL ESTATE INVT TR | Unclassified | 6.23% | |
| 8 | Jason Industries Inc | Unclassified | 0.31% |
3/8 names classified · sector 43.4% of weight · industry 43.4% · mkt cap 43.4%; 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: 43.4% of the book is sector-classified (unclassified names shown, never dropped).
Only 32% of book weight classified — the grid is NOT representative of the whole book.
Classified: 31.5% of book weight (2/4 names) · unclassified 68.5%: , OBE. 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 | VACMARRIOTT VACATIONS WORLDWIDE | 62,920 | $7M | 24.6% | TRIM −35% |
| 2 | MDC PARTNERS INC. | 2,250,736 | $6M | 24.0% | TRIM −12% |
| 3 | MEDLEY CAPITAL CORP | 1,633,248 | $4M | 16.0% | HOLD |
| 4 | OBEOBSIDIAN ENERGY LTD | 3,772,312 | $3M | 11.9% | ADD 12% |
| 5 | COLONY CAP INC NEW | 444,683 | $3M | 10.1% | TRIM −35% |
| 6 | ASHASHLAND INC | 23,654 | $2M | 6.9% | TRIM −46% |
| 7 | GRANITE REAL ESTATE INVT TR | 34,058 | $2M | 6.2% | TRIM −75% |
| 8 | Jason Industries Inc | 233,611 | $83,000 | 0.3% | TRIM −10% |
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