CIK 1476961
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2014-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 |
|---|---|---|
| Unclassified | 49.15% | 11 |
| Technology Hardware & Equipment | 18.05% | 2 |
| Machinery | 16.19% | 2 |
| Marine | 5.88% | 1 |
| Software | 3.20% | 1 |
| Pharmaceuticals & Biotechnology | 1.84% | 4 |
| Construction Materials | 1.52% | 1 |
| Banks | 1.28% | 1 |
| Chemicals | 1.09% | 1 |
| Oil, Gas & Consumable Fuels | 0.69% | 2 |
| Road & Rail | 0.64% | 1 |
| Electrical Equipment & Components | 0.27% | 1 |
| Capital Markets | 0.20% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | PMFG INC | Unclassified | 23.40% | |
| 2 | TRNS | TRANSCAT INC | Information Technology | 17.28% |
| 3 | GLOBAL POWER EQUIPMENT GROUP INC | Unclassified | 14.91% | |
| 4 | EML | EASTERN CO | Industrials | 11.54% |
| 5 | NVGS | Navigator Holdings Ltd. | Industrials | 5.88% |
| 6 | ZBRA | ZEBRA TECHNOLOGIES CORP | Industrials | 4.66% |
| 7 | NICE | NICE Ltd. | Information Technology | 3.20% |
| 8 | Vaneck Vectors Gold Miners ETF | Unclassified | 2.90% | |
| 9 | CELGENE CORP | Unclassified | 2.70% | |
| 10 | AEP INDS INC | Unclassified | 2.03% |
18/29 names classified · sector 50.9% of weight · industry 50.9% · mkt cap 41.8%; 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: 50.9% of the book is sector-classified (unclassified names shown, never dropped).
Only 42% of book weight classified — the grid is NOT representative of the whole book.
Classified: 41.6% of book weight (15/19 names) · unclassified 58.4%: , NVGS, NICE, NRT. 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 | PMFG INC | 4,036,577 | $19M | 23.4% | HOLD |
| 2 | TRNSTRANSCAT INC | 1,419,644 | $14M | 17.3% | TRIM −8% |
| 3 | GLOBAL POWER EQUIPMENT GROUP INC | 906,084 | $12M | 14.9% | TRIM −5% |
| 4 | EMLEASTERN CO | 461,185 | $9M | 11.5% | TRIM −52% |
| 5 | NVGSNAVIGATOR HLDGS LTD | 247,054 | $5M | 5.9% | ADD 850% |
| 6 | ZBRAZEBRA TECHNOLOGIES CORPORATI | 41,191 | $4M | 4.7% | NEW |
| 7 | NICENICE LTD | 42,101 | $3M | 3.2% | NEW |
| 8 | Vaneck Vectors Gold Miners ETF | 127,620 | $2M | 2.9% | NEW |
| 9 | CELGENE CORP | 18,780 | $2M | 2.7% | HOLD |
| 10 | AEP INDS INC | 29,541 | $2M | 2.0% | TRIM −5% |
| 11 | USLMUNITED STS LIME & MINERALS I | 18,940 | $1M | 1.5% | TRIM −7% |
| 12 | MTBM & T BK CORP | 8,081 | $1M | 1.3% | HOLD |
| 13 | RAND CAP CORP | 251,538 | $994,000 | 1.2% | HOLD |
| 14 | PGPROCTER AND GAMBLE CO | 10,649 | $873,000 | 1.1% | HOLD |
| 15 | PRECISION CASTPARTS CORP | 3,000 | $630,000 | 0.8% | HOLD |
| 16 | IBMINTERNATIONAL BUSINESS MACHS | 3,841 | $616,000 | 0.8% | HOLD |
| 17 | PROSHARES TR | 25,681 | $548,000 | 0.7% | TRIM −16% |
| 18 | UNPUNION PAC CORP | 4,772 | $517,000 | 0.6% | HOLD |
| 19 | JNJJOHNSON & JOHNSON | 4,840 | $487,000 | 0.6% | HOLD |
| 20 | MRKMERCK & CO INC | 8,150 | $468,000 | 0.6% | TRIM −20% |
| 21 | LLYELI LILLY & CO | 4,164 | $303,000 | 0.4% | HOLD |
| 22 | CVXCHEVRON CORP NEW | 2,839 | $298,000 | 0.4% | HOLD |
| 23 | XOMEXXON MOBIL CORP | 2,973 | $253,000 | 0.3% | HOLD |
| 24 | GSE SYSTEMS INC | 163,457 | $245,000 | 0.3% | TRIM −2% |
| 25 | BMYBRISTOL-MYERS SQUIBB CO | 3,426 | $221,000 | 0.3% | HOLD |
| 26 | GEGENERAL ELECTRIC CO | 8,577 | $213,000 | 0.3% | HOLD |
| 27 | NRTNORTH EUROPEAN OIL RTY TR | 12,942 | $157,000 | 0.2% | TRIM −35% |
| 28 | ECOLOGY & ENVIRONMENT INC | 14,145 | $125,000 | 0.2% | TRIM −8% |
| 29 | NANOSPHERE INC | 114,200 | $26,000 | 0.0% | HOLD |
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