CIK 1469589
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 |
|---|---|---|
| Pharmaceuticals & Biotechnology | 21.99% | 1 |
| Banks | 18.26% | 2 |
| Unclassified | 13.74% | 34 |
| Capital Markets | 12.17% | 2 |
| Marine | 12.14% | 2 |
| Equity Real Estate Investment Trusts (REITs) | 7.94% | 3 |
| Aerospace & Defense | 6.99% | 1 |
| Distributors | 3.69% | 1 |
| Specialty Retail | 3.08% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | ASND | Ascendis Pharma A/S | Health Care | 21.99% |
| 2 | SPY | STATE STR SPDR S&P 500 ETF T | Unclassified | 12.51% |
| 3 | ENVA | Enova International, Inc. | Financials | 12.24% |
| 4 | CCL | Carnival Corp Ltd. | Industrials | 9.95% |
| 5 | TDG | TransDigm Group INC | Industrials | 6.99% |
| 6 | BX | Blackstone Inc. | Financials | 6.74% |
| 7 | PGY | Pagaya Technologies Ltd. | Financials | 6.02% |
| 8 | KKR | KKR & Co. Inc. | Financials | 5.43% |
| 9 | TRTX | TPG RE Finance Trust, Inc. | Real Estate | 4.43% |
| 10 | HLF | HERBALIFE LTD. | Consumer Discretionary | 3.69% |
13/47 names classified · sector 86.3% of weight · industry 86.3% · mkt cap 64.3%; 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: 86.3% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 58.6% of book weight (10/47 names) · unclassified 41.4%: ASND, SPY, KKR, HQWWW, GPMT, NUCLW, NUAIW, BZAIW, MDAIW, FBYDW +27 more. 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 | ASNDASCENDIS PHARMA A/S | 100,000 | $23M | 22.0% | NEW |
| 2 | SPYSTATE STR SPDR S&P 500 ETF T | 20,000 | $13M | 12.5% | ADD 36% |
| 3 | ENVAENOVA INTL INC | 93,690 | $13M | 12.2% | ADD 10% |
| 4 | CCLCARNIVAL CORP LTD F | 400,000 | $10M | 10.0% | NEW |
| 5 | TDGTRANSDIGM GROUP INC | 6,276 | $7M | 7.0% | HOLD |
| 6 | BXBLACKSTONE INC | 61,000 | $7M | 6.7% | ADD 379% |
| 7 | PGYPAGAYA TECHNOLOGIES LTD | 537,551 | $6M | 6.0% | ADD 325% |
| 8 | KKRKKR & CO INC | 61,000 | $6M | 5.4% | NEW |
| 9 | TRTXTPG RE FIN TR INC | 589,903 | $5M | 4.4% | TRIM −6% |
| 10 | HLFHERBALIFE LTD | 260,790 | $4M | 3.7% | TRIM −33% |
| 11 | FBRTFRANKLIN BSP RLTY TR INC | 398,078 | $3M | 3.2% | ADD 32% |
| 12 | AMZNAMAZON COM INC | 15,384 | $3M | 3.1% | NEW |
| 13 | NCLHNORWEGIAN CRUISE LINE HLDGS | 121,885 | $2M | 2.2% | TRIM −55% |
| 14 | HQWWWHORIZON QUANTUM HOLDINGS LTD | 198,133 | $406,000 | 0.4% | NEW |
| 15 | GPMTGRANITE PT MTG TR INC | 183,717 | $266,000 | 0.3% | HOLD |
| 16 | NUCLWEAGLE NUCLEAR ENERGY CORP | 151,370 | $210,000 | 0.2% | NEW |
| 17 | NUAIWNEW ERA ENERGY & DIGITAL INC | 64,500 | $117,000 | 0.1% | TRIM −14% |
| 18 | BZAIWBLAIZE HLDGS INC | 150,000 | $57,000 | 0.1% | HOLD |
| 19 | MDAIWSPECTRAL AI INC | 99,670 | $56,000 | 0.1% | HOLD |
| 20 | FBYDWFALCONS BEYOND GLOBAL INC | 25,000 | $47,000 | 0.0% | HOLD |
| 21 | NAMMWNAMIB MINERALS | 333,060 | $45,000 | 0.0% | TRIM −7% |
| 22 | BNAIWBRAND ENGAGEMENT NETWORK INC | 169,164 | $44,000 | 0.0% | TRIM −13% |
| 23 | MNYWWMONEYHERO LIMITED | 470,085 | $40,000 | 0.0% | HOLD |
| 24 | CLSKWCLEANSPARK INC | 100,000 | $25,000 | 0.0% | HOLD |
| 25 | FLYX.WSFLYEXCLUSIVE INC | 99,600 | $24,000 | 0.0% | TRIM −12% |
| 26 | FLDDWFOLD HLDGS INC | 203,778 | $22,000 | 0.0% | HOLD |
| 27 | AISPWAIRSHIP AI HLDGS INC | 25,090 | $18,000 | 0.0% | HOLD |
| 28 | RAINWRAIN ENHANCEMENT TECHNOLOGIE | 85,137 | $18,000 | 0.0% | HOLD |
| 29 | BRLSWBOREALIS FOODS INC | 224,685 | $17,000 | 0.0% | HOLD |
| 30 | RDZNWROADZEN INC | 150,816 | $17,000 | 0.0% | HOLD |
| 31 | CNCKWCOINCHECK GROUP NV | 89,237 | $15,000 | 0.0% | HOLD |
| 32 | FUSEWFUSEMACHINES INC | 179,614 | $13,000 | 0.0% | HOLD |
| 33 | GRRRWGORILLA TECHNOLOGY GROUP INC | 43,676 | $13,000 | 0.0% | HOLD |
| 34 | RZLVWREZOLVE AI PLC | 13,356 | $12,000 | 0.0% | HOLD |
| 35 | SCAGWSCAGE FUTURE | 211,287 | $10,000 | 0.0% | HOLD |
| 36 | COCHWENVOY MEDICAL INC | 129,120 | $9,000 | 0.0% | HOLD |
| 37 | MRNOWMURANO GLOBAL INVTS PLC | 218,153 | $9,000 | 0.0% | HOLD |
| 38 | NVNIWNVNI GROUP LIMITED | 130,872 | $8,000 | 0.0% | HOLD |
| 39 | SLND.WSSOUTHLAND HLDGS INC | 163,529 | $6,000 | 0.0% | HOLD |
| 40 | BDMDWBAIRD MED INVT HLDGS LTD | 72,992 | $6,000 | 0.0% | HOLD |
| 41 | AMODWALPHA MODUS HLDGS INC | 99,534 | $4,000 | 0.0% | HOLD |
| 42 | TVGNWTEVOGEN BIO HLDGS INC | 132,146 | $4,000 | 0.0% | HOLD |
| 43 | PSQH.WSPSQ HOLDINGS INC | 60,000 | $3,000 | 0.0% | HOLD |
| 44 | DAICWCID HOLDCO INC | 59,602 | $2,000 | 0.0% | HOLD |
| 45 | LNZAWLANZATECH GLOBAL INC | 106,974 | $2,000 | 0.0% | HOLD |
| 46 | WGSWWGENEDX HOLDINGS CORP | 111,701 | $1,000 | 0.0% | HOLD |
| 47 | ECXWWECARX HOLDINGS INC | 19,614 | $1,000 | 0.0% | HOLD |
| 48 | TBLATABOOLA.COM LTD | 46,078 | $0 | 0.0% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| ASNDASCENDIS PHARMA A/S | — | — | — | — | — | 100K | $23M |
| SPYSTATE STR SPDR S&P 500 ETF T | — | 31K | — | — | 15K | 20K | $13M |
| ENVAENOVA INTL INC | — | 19K | 36K | 91K | 85K | 94K | $13M |
| CCLCARNIVAL CORP LTD F | — | — | — | — | — | 400K | $10M |
| TDGTRANSDIGM GROUP INC | 7K | 7K | 6K | 6K | 6K | 6K | $7M |
| BXBLACKSTONE INC | — | — | — | — | 13K | 61K | $7M |
| PGYPAGAYA TECHNOLOGIES LTD | — | — | — | — | 127K | 538K | $6M |
| KKRKKR & CO INC | — | — | — | — | — | 61K | $6M |
| TRTXTPG RE FIN TR INC | — | — | 517K | 517K | 629K | 590K | $5M |
| HLFHERBALIFE LTD | 364K | 445K | 699K | 506K | 389K | 261K | $4M |
| FBRTFRANKLIN BSP RLTY TR INC | — | — | — | — | 301K | 398K | $3M |
| AMZNAMAZON COM INC | — | — | — | — | — | 15K | $3M |
| NCLHNORWEGIAN CRUISE LINE HLDGS | — | — | — | — | 270K | 122K | $2M |
| HQWWWHORIZON QUANTUM HOLDINGS LTD | — | — | — | — | — | 198K | $406,000 |
| GPMTGRANITE PT MTG TR INC | — | — | — | — | 184K | 184K | $266,000 |
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.
