CIK 1456257
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2015-Q3. 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 | 63.69% | 15 |
| Banks | 14.49% | 1 |
| Construction & Engineering | 10.69% | 1 |
| Automobiles & Components | 5.78% | 1 |
| Road & Rail | 5.35% | 3 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | VANECK VECTORS VIETNAM ETF | Unclassified | 21.30% | |
| 2 | C | CITIGROUP INC | Financials | 14.49% |
| 3 | EMB | ISHARES TR | Unclassified | 12.85% |
| 4 | BZH | BEAZER HOMES USA INC | Industrials | 10.69% |
| 5 | VC | VISTEON CORP | Consumer Discretionary | 5.78% |
| 6 | HERTZ GLOBAL HLDG 51 WTS | Unclassified | 4.31% | |
| 7 | SPY | STATE STR SPDR S&P 500 ETF T | Unclassified | 3.73% |
| 8 | EZU | ISHARES INC MSCI EURZONE ETF | Unclassified | 2.80% |
| 9 | CLAYMORE EXCHANGE TRD FD TR | Unclassified | 2.78% | |
| 10 | POWERSHARES QQQ TRUST | Unclassified | 2.63% |
6/21 names classified · sector 36.3% of weight · industry 36.3% · mkt cap 36.3%; 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: 36.3% of the book is sector-classified (unclassified names shown, never dropped).
Only 36% of book weight classified — the grid is NOT representative of the whole book.
Classified: 36.3% of book weight (6/13 names) · unclassified 63.7%: , EMB, SPY, EZU, MCHI, FXI, IYR. 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 | VANECK VECTORS VIETNAM ETF | 285,450 | $4M | 21.3% | TRIM −46% |
| 2 | CCITIGROUP INC | 55,500 | $3M | 14.5% | TRIM −72% |
| 3 | EMBISHARES TR | 24,081 | $3M | 12.8% | TRIM −9% |
| 4 | BZHBEAZER HOMES USA INC | 184,500 | $2M | 10.7% | ADD 51% |
| 5 | VCVISTEON CORP | 10,000 | $1M | 5.8% | TRIM −64% |
| 6 | HERTZ GLOBAL HLDG 51 WTS | 60,000 | $854,000 | 4.3% | TRIM −22% |
| 7 | SPYSTATE STR SPDR S&P 500 ETF T | 3,626 | $739,000 | 3.7% | TRIM −47% |
| 8 | EZUISHARES INC MSCI EURZONE ETF | 15,840 | $555,000 | 2.8% | ADD 122% |
| 9 | CLAYMORE EXCHANGE TRD FD TR | 18,000 | $552,000 | 2.8% | NEW |
| 10 | POWERSHARES QQQ TRUST | 4,655 | $521,000 | 2.6% | TRIM −65% |
| 11 | ISHARES | 41,654 | $505,000 | 2.5% | NEW |
| 12 | CSXCSX CORP | 14,000 | $363,000 | 1.8% | NEW |
| 13 | UNPUNION PAC CORP | 4,600 | $360,000 | 1.8% | NEW |
| 14 | MCHIISHARES TR MSCI CHINA ETF | 8,000 | $357,000 | 1.8% | NEW |
| 15 | FXIISHARES TR | 10,000 | $353,000 | 1.8% | NEW |
| 16 | CANADIAN PAC RY LTD | 2,700 | $345,000 | 1.7% | NEW |
| 17 | NSCNORFOLK SOUTHN CORP | 4,000 | $338,000 | 1.7% | NEW |
| 18 | KANSAS CITY SOUTHERN | 4,350 | $325,000 | 1.6% | NEW |
| 19 | TRAVELPORT WORLDWIDE LTD | 20,000 | $258,000 | 1.3% | NEW |
| 20 | PRICELINE COM INC | 200 | $255,000 | 1.3% | NEW |
| 21 | IYRISHARES TR | 3,180 | $239,000 | 1.2% | TRIM −95% |
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