CIK 1453885
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 |
|---|---|---|
| Banks | 52.98% | 2 |
| Technology Hardware & Equipment | 23.87% | 1 |
| Unclassified | 17.56% | 2 |
| Commercial Services & Supplies | 5.14% | 1 |
| Equity Real Estate Investment Trusts (REITs) | 0.28% | 1 |
| Diversified Consumer Services | 0.17% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | VEL | Velocity Financial, Inc. | Financials | 46.90% |
| 2 | DBD | DIEBOLD NIXDORF, Inc | Information Technology | 23.87% |
| 3 | FSK | FS KKR CAP CORP | Unclassified | 12.59% |
| 4 | FOA | Finance of America Companies Inc. | Financials | 6.09% |
| 5 | CTEV | Claritev Corp | Industrials | 5.14% |
| 6 | OCSL | OAKTREE SPECIALTY LENDING CO | Unclassified | 4.96% |
| 7 | KREF | KKR Real Estate Finance Trust Inc. | Real Estate | 0.28% |
| 8 | WW | WW INTERNATIONAL, INC. | Consumer Discretionary | 0.17% |
6/8 names classified · sector 82.4% of weight · industry 82.4% · mkt cap 82.4%; 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: 82.4% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 76.9% of book weight (3/8 names) · unclassified 23.1%: FSK, CTEV, OCSL, KREF, WW. 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 | VELVELOCITY FINL INC | 6,558,512 | $119M | 46.9% | ADD 9% |
| 2 | DBDDIEBOLD NIXDORF INC | 800,661 | $60M | 23.9% | TRIM −27% |
| 3 | FSKFS KKR CAP CORP | 3,129,787 | $32M | 12.6% | NEW |
| 4 | FOAFINANCE OF AMERICA COMPAN | 927,837 | $15M | 6.1% | ADD 18% |
| 5 | CTEVCLARITEV CORPORATION | 795,346 | $13M | 5.1% | ADD 5% |
| 6 | OCSLOAKTREE SPECIALTY LENDING CO | 1,111,559 | $13M | 5.0% | NEW |
| 7 | KREFKKR REAL ESTATE FIN TR INC | 115,016 | $703,898 | 0.3% | TRIM −42% |
| 8 | WWWW INTL INC | 31,152 | $428,028 | 0.2% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| VELVELOCITY FINL INC | 5.3M | 5.5M | 5.3M | 5.4M | 6.0M | 6.6M | $119M |
| DBDDIEBOLD NIXDORF INC | 1.9M | 1.9M | 1.6M | 1.4M | 1.1M | 801K | $60M |
| FSKFS KKR CAP CORP | — | — | — | — | — | 3.1M | $32M |
| FOAFINANCE OF AMERICA COMPAN | — | 476K | 469K | 120K | 789K | 928K | $15M |
| CTEVCLARITEV CORPORATION | 385K | 389K | 418K | 426K | 755K | 795K | $13M |
| OCSLOAKTREE SPECIALTY LENDING CO | — | — | — | — | — | 1.1M | $13M |
| KREFKKR REAL ESTATE FIN TR INC | — | — | — | — | 199K | 115K | $703,898 |
| WWWW INTL INC | — | — | — | 31K | 31K | 31K | $428,028 |
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.
