CIK 1441559
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2016-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 | 78.57% | 12 |
| Banks | 12.05% | 1 |
| Airlines | 8.05% | 1 |
| Software & IT Services | 0.98% | 1 |
| Semiconductors & Semiconductor Equipment | 0.35% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | PICO HLDGS INC | Unclassified | 31.02% | |
| 2 | WFC | WELLS FARGO & COMPANY/MN | Financials | 12.05% |
| 3 | TLF | TANDY LEATHER FACTORY INC | Unclassified | 11.15% |
| 4 | VTOL | Bristow Group Inc. | Industrials | 8.05% |
| 5 | DISCOVERY INC | Unclassified | 7.08% | |
| 6 | QUANTUM CORP DLT & STORAGE | Unclassified | 6.62% | |
| 7 | DISCOVERY COMMUNICATIONS | Unclassified | 6.27% | |
| 8 | SILVER WHEATON CORP | Unclassified | 5.15% | |
| 9 | PETROQUEST ENERGY INC COM NEW | Unclassified | 4.83% | |
| 10 | UCP INC - CL A | Unclassified | 3.55% |
4/16 names classified · sector 21.4% of weight · industry 21.4% · mkt cap 21.4%; 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: 21.4% of the book is sector-classified (unclassified names shown, never dropped).
Only 21% of book weight classified — the grid is NOT representative of the whole book.
Classified: 21.1% of book weight (3/6 names) · unclassified 78.9%: , TLF, GSIT. 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 | PICO HLDGS INC | 1,136,536 | $13M | 31.0% | TRIM −11% |
| 2 | WFCWELLS FARGO CO NEW | 117,586 | $5M | 12.1% | ADD 58% |
| 3 | TLFTANDY LEATHER FACTORY INC | 631,150 | $5M | 11.1% | TRIM −8% |
| 4 | VTOLBRISTOW GROUP INC | 248,000 | $3M | 8.0% | ADD 145% |
| 5 | DISCOVERY INC | 113,630 | $3M | 7.1% | TRIM −2% |
| 6 | QUANTUM CORP DLT & STORAGE | 3,885,364 | $3M | 6.6% | TRIM −28% |
| 7 | DISCOVERY COMMUNICATIONS | 102,881 | $3M | 6.3% | TRIM −29% |
| 8 | SILVER WHEATON CORP | 82,268 | $2M | 5.1% | TRIM −35% |
| 9 | PETROQUEST ENERGY INC COM NEW | 603,128 | $2M | 4.8% | TRIM −10% |
| 10 | UCP INC - CL A | 174,279 | $2M | 3.6% | TRIM −41% |
| 11 | LINKEDIN CORP | 2,861 | $547,000 | 1.3% | TRIM −21% |
| 12 | FORTUNA SILVER MINES INC | 64,467 | $467,000 | 1.1% | TRIM −71% |
| 13 | ISSCINNOVATIVE SOLUTIONS & SUPPO | 132,321 | $422,000 | 1.0% | TRIM −78% |
| 14 | VIACOM INC NEW | 5,500 | $210,000 | 0.5% | NEW |
| 15 | GSITGSI TECHNOLOGY INC | 32,205 | $152,000 | 0.4% | TRIM −55% |
| 16 | HARTE-HANKS INCORPOR | 15,843 | $26,000 | 0.1% | TRIM −9% |
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